
GrowGeneration Corp. (GRWG) Q4 2025 Earnings Call Transcript
GrowGeneration Corp. (GRWG) Q4 2025 Earnings Call Transcript
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GrowGeneration Corp. (GRWG) Q4 2025 Earnings Call Transcript

Full Year Net Sales of $161.7 million including Proprietary Brand Sales of $44.0 million Full Year Proprietary Brand Penetration Increased to 32.8% up from 24.2% in the prior year Full Year GAAP Net Loss Improved by $25.5 million; Adjusted EBITDA Improved by $8.5 million $46.1 million of Cash and Marketable Securities and no debt Board Authorizes $10 Million Share Repurchase Program 2026 Outlook: Revenue of $162 million to $168 million and Breakeven Adjusted EBITDA(1) DENVER, March 19, 2026 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGeneration,” “GrowGen” or the “Company”), one of the nation's largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and garden centers, today announced financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Summary(1) Net sales of $37.8 million, compared to prior year net sales of $37.4 million, an improvement of 1.0%; Proprietary brand sales as a percentage of Cultivation and Gardening net sales increased to 35.8%, compared to 30.4% in the prior year; Gross profit margin of 24.1%, compared to 16.4% in the prior year; Store and other operating expenses declined approximately 26.8% to $6.8 million, compared to $9.3 million for the same period in the prior year; Total operating expenses decreased $13.3 million, or 44.4%, to $16.7 million in the fourth quarter of 2025, compared to $30.1 million in the prior year; Net loss improved to $7.4 million, compared to a net loss of $23.3 million in the prior year which includes non-cash impairments; and Adjusted EBITDA(3) loss of $2.0 million compared to a loss of $8.1 million in the prior year.

The momentum is building once again for marijuana stocks. Since the passing of rescheduling cannabis to class 3, investors are staying sharp. Even though this does not legalize cannabis federally, it brings more relaxed investing without stressing federal issues. The cannabis industry has been undergoing another shift due to this. At the same time, this has led more people to find the best marijuana stocks to buy and hold till the market is up.

DENVER, March 11, 2026 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ: GRWG) ("GrowGeneration," "GrowGen" or "the Company"), one of the nation's largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers, today announced that it will participate in the 38th Annual ROTH Conference, to be held on March 22-24, 2026, in Dana Point, California.

The U.S. cannabis industry continues expanding despite periods of volatility across the sector. However, ancillary cannabis companies remain essential to the industry's infrastructure. These businesses supply equipment, nutrients, lighting, and hydroponic systems to cannabis cultivators. Because they do not touch the cannabis plant directly, ancillary companies often face fewer regulatory restrictions.

DENVER, March 05, 2026 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the nation's largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers, today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2025, on Thursday, March 19, 2026, after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET.

GrowGeneration Corp. (NASDAQ: GRWG - Get Free Report)'s stock price was up 4.5% during mid-day trading on Thursday. The company traded as high as $1.20 and last traded at $1.17. Approximately 515,152 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 321,033 shares. The stock had previously closed

Even with legal cannabis growing in acceptance, it is still a highly volatile market. This means that most publicly traded cannabis companies exhibit unpredictable trading patterns. Now, all sectors of the stock market face volatility; it's just that the cannabis sector sees a significant portion of it. However, volatility has not stopped investors from making a profit.

Marijuana stocks are still facing a battle in the stock market. The cannabis sector has been fighting to reach higher trading levels more consistently. For some time, there has been significant volatility that has been somewhat challenging for shareholders. You would think that with legal operators showing profitability and overall success, it would follow for the public sector. However, this has not been the case in most instances.

The cannabis sector continues to evolve as 2026 begins. While plant-touching operators still face regulatory pressure, ancillary companies remain better positioned. These businesses do not grow or sell cannabis directly. Instead, they provide the tools, products, and infrastructure that the industry depends on. As a result, they often carry less regulatory risk. They also tend to survive market downturns more effectively.

The cannabis industry continues to evolve as operators adjust to tighter capital markets and shifting regulations. As a result, many investors are looking beyond plant-touching companies. Ancillary cannabis stocks often provide that alternative exposure. These businesses support the industry without directly selling cannabis. Therefore, they avoid many regulatory and licensing risks. At the same time, they still benefit when cultivation and retail activity improve.

DENVER, Jan. 28, 2026 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGeneration,” “GrowGen” or “the Company”), one of the nation's largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and retail garden centers, today announced that it will participate in the Oppenheimer 11th Annual Emerging Growth Conference being held virtually on February 3-4, 2026.

The cannabis industry continues evolving as legalization slowly expands across the United States. While plant-touching operators face regulatory and margin pressures, ancillary cannabis companies offer a different opportunity. These businesses sell products and services supporting cannabis cultivation without handling the plant itself. As a result, they often face fewer regulatory hurdles. In January 2026, several ancillary names stand out due to scale, infrastructure, and long-term positioning. Below are three ancillary cannabis stocks investors are watching closely this year.

GrowGeneration Corp. (NASDAQ: GRWG - Get Free Report)'s stock price fell 2.6% during mid-day trading on Monday. The company traded as low as $1.4850 and last traded at $1.50. 396,437 shares traded hands during trading, a decline of 65% from the average session volume of 1,146,756 shares. The stock had previously closed at $1.54. Analyst

GrowGeneration (GRWG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

The Agriculture - Products industry is set to gain from solid demand. Stocks like BG and GRWG are poised to ride on this positive trend.

Tyson Foods, Beyond Meat and GrowGeneration emerge as strong AgTech plays as innovation reshapes protein, ingredients and cultivation tech.

Ancillary cannabis stocks remain an important part of the sector because they avoid direct exposure to federal restrictions. These companies do not grow or sell cannabis products. Instead, they provide the equipment, infrastructure, or services that the industry depends on. This approach creates a different risk profile. It also allows investors to participate in industry growth even while federal laws continue to change. Demand for cultivation equipment, technology, and retail accessories continues to expand as new markets develop. Many operators are preparing for wider legalization. Therefore, the companies supporting them could see gradual tailwinds into 2026.

Preparing for 2026 has led marijuana stock investors to take advantage of the current market. Although with better moments of trading these last several weeks, the sector is one filled with highly volatile trading. Volatile trading has been a part of the sector, and this year, we may see a phase of more upward trading. Often, when there is a campaign to pass better reform, it creates speculative trading. If the bill makes it through the House, it can cause a breakout among.

GrowGeneration Corp. is a diversified hydroponics supplier with significant exposure to the cannabis industry, trading at $1.50 per share. GRWG recently beat consensus EPS and revenue forecasts, but guidance for the next quarter is lower, potentially setting up another positive surprise. The stock trades in a $1–$2 range for 2025, with deeply depressed valuations and limited downside, but GRWG remains in a long-term bearish trend.