Earnings ·
GrowGeneration reports Q3 net income of $0.2M, narrows full-year revenue guidance to $163M-$165M
GRWGGrowGeneration Corp.
GrowGeneration reported third-quarter 2026 net sales of $44.8 million and GAAP net income of $0.2 million, a significant improvement from the prior year's loss. Adjusted EBITDA reached $2.3 million, driven by a 520 basis point expansion in gross margin to 32.4% and a reduction in operating expenses. The company announced a strategic restructuring plan involving the closure of four to five underperforming retail locations and workforce reductions to improve long-term profitability. Consequently, GrowGeneration narrowed its full-year revenue guidance to $163 million–$165 million and withdrew its previous Adjusted EBITDA forecast. The firm holds $41.8 million in cash with no debt as it transitions toward a proprietary-brand-driven commercial model. GrowGeneration is one of the nation’s largest suppliers of specialty products for controlled environment agriculture, commercial cultivation, and garden centers.