Filing Flows › GrowGeneration (GRWG) › Q4 2024
GrowGeneration (GRWG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
GrowGeneration (GRWG) reported revenue of $37.4M for the fourth quarter 2024 (Q4 2024), -24% from a year earlier and -25% from the quarter before. Operating margin was -63.9%, net loss $23.3M (62.4% of revenue).
GrowGeneration, Q4 2024: revenue $37.4M (-24% year over year), operating margin -63.9%, net loss $23.3M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.4M | -25% | -24% |
| Operating profit | −$23.9M | — | — |
| Net earnings | −$23.3M | — | — |
| Operating cash flow | $1.1M | -8% | — |
| Free cash flow | $976K | — | — |
What changed
Revenue was $37.4M in Q4 2024, down 24% year over year and down 25% from the previous quarter. Cultivation and Gardening was the largest line at 88% of revenue.
Gross margin was 16.4%, down 7.2 points from a year earlier. Operating costs exceeded revenue by $23.9M, an operating margin of -63.9%. Operating expenses fell 24% while revenue fell 24%. The quarter ended with a net loss of $23.3M, wider than the previous quarter's $11.4M loss.
Operating cash flow was $1.1M. Non-cash charges added back $7.1M of depreciation and amortization and $317K of share-based compensation. Working capital and other items added $17.0M. Capital expenditures of $98K left free cash flow of $1.0M.
Questions
What was GrowGeneration's revenue in the fourth quarter 2024?
GrowGeneration (GRWG) reported revenue of $37.4M for the fourth quarter 2024 (Q4 2024), -24% from a year earlier and -25% from the quarter before.
Was GrowGeneration profitable in the fourth quarter 2024?
Operating loss was $23.9M (-63.9% of revenue) and net loss $23.3M.
Source: GrowGeneration 10-K on SEC EDGAR.