Filing Flows › GrowGeneration (GRWG) › Q1 2026
GrowGeneration (GRWG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
GrowGeneration (GRWG) reported revenue of $38.4M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +2% from the quarter before. Operating margin was -13.7%, net loss $4.9M (12.8% of revenue).
GrowGeneration, Q1 2026: revenue $38.4M (+8% year over year), operating margin -13.7%, net loss $4.9M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.4M | +2% | +8% |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$4.9M | — | — |
| Operating cash flow | −$5.0M | — | — |
What changed
Revenue was $38.4M in Q1 2026, up 8% year over year and up 2% from the previous quarter. Cultivation and Gardening was the largest line at 83% of revenue. Storage Solutions added $1.7M year over year (up 36%), 63% of the total change.
Gross margin was 25.4%, down 1.8 points from Q1 2025. Operating costs exceeded revenue by $5.3M, an operating margin of -13.7%. Operating expenses fell 23% while revenue rose 8%. The quarter ended with a net loss of $4.9M, narrower than the previous quarter's $7.4M loss.
Operating cash flow was −$5.0M. Non-cash charges added back $1.6M of depreciation and amortization and $255K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $88K exceeded it, leaving free cash flow of −$5.1M.
Questions
What was GrowGeneration's revenue in the first quarter 2026?
GrowGeneration (GRWG) reported revenue of $38.4M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +2% from the quarter before.
Was GrowGeneration profitable in the first quarter 2026?
Operating loss was $5.3M (-13.7% of revenue) and net loss $4.9M.
Source: GrowGeneration 10-Q on SEC EDGAR.