Filing Flows › GrowGeneration (GRWG) › Q2 2025
GrowGeneration (GRWG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
GrowGeneration (GRWG) reported revenue of $41.0M for the second quarter 2025 (Q2 2025), -23% from a year earlier and +15% from the quarter before. Operating margin was -12.9%, net loss $4.8M (11.7% of revenue).
GrowGeneration, Q2 2025: revenue $41.0M (-24% year over year), operating margin -12.9%, net loss $4.8M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.0M | +15% | -23% |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $41.0M in Q2 2025, down 23% year over year and up 15% from the previous quarter. Cultivation and Gardening was the largest line at 80% of revenue. Cultivation and Gardening lost $13.2M year over year (down 29%), 105% of the total change.
Gross margin was 28.3%, up 1.4 points from a year earlier. Operating costs exceeded revenue by $5.3M, an operating margin of -12.9%. Operating expenses fell 19% while revenue fell 23%. The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $9.4M loss.
Operating cash flow was −$2.9M. Non-cash charges added back $2.7M of depreciation and amortization and $300K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $49K exceeded it, leaving free cash flow of −$3.0M.
Questions
What was GrowGeneration's revenue in the second quarter 2025?
GrowGeneration (GRWG) reported revenue of $41.0M for the second quarter 2025 (Q2 2025), -23% from a year earlier and +15% from the quarter before.
Was GrowGeneration profitable in the second quarter 2025?
Operating loss was $5.3M (-12.9% of revenue) and net loss $4.8M.
Source: GrowGeneration 10-Q on SEC EDGAR.