GlobeNewswire·Nov 10, 2026, 4:05 PM ET

GrowGeneration Reports Third Quarter 2026 Financial Results

GrowGeneration reported third-quarter 2026 net sales of $44.8 million, down from $47.3 million in the prior-year period.
Proprietary brand sales rose 19.3% year-over-year to $14.4 million, representing 40.6% of Cultivation and Gardening revenue.
Gross margin expanded 520 basis points to 32.4%, driven by IEEPA tariff refunds and a higher mix of proprietary products.
Total operating expenses declined 7.1% to $14.6 million, with store and other operating expenses falling 11.9% to $6.4 million.
The company achieved positive GAAP net income of $0.2 million, a $2.7 million improvement over the $2.4 million net loss in the prior-year quarter.
Adjusted EBITDA reached $2.3 million, marking a $0.9 million year-over-year improvement.
GrowGeneration narrowed full-year 2026 revenue guidance to $163 million–$165 million and withdrew its previous Adjusted EBITDA guidance of $2 million–$3 million.
The company plans to close four to five additional retail locations in the fourth quarter as part of a strategic restructuring plan to improve 2027 profitability.
As of September 30, 2026, the company held $41.8 million in cash, cash equivalents, and marketable securities with no debt.
Total current liabilities were $28.9 million, while inventory stood at $33.6 million.
During the quarter, the company repurchased approximately 0.7 million shares for $1.0 million, with $8.0 million remaining under its authorization.