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How GrowGeneration (GRWG) makes money

GrowGeneration (GRWG) made $43.2M of revenue in the second quarter 2026 (Q2 2026), +5% from a year earlier. Cultivation and Gardening brought in $34.9M (81%); Storage Solutions brought in $8.3M (19%).

Drawing the Sankey…

GrowGeneration revenue by segment, Q2 2026GrowGeneration revenue by segment, Q2 2026Cultivation and Gardening$34.9MStorage Solutions$8.3M
GrowGeneration: revenue by line, Q4 2024 to Q2 2026GrowGeneration: revenue by line, Q4 2024 to Q2 2026Cultivation and Garde…Storage SolutionsCultivation and Gardening: $34.9M latest$34.9MStorage Solutions: $8.3M latest$8.3MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Cultivation and Gardening went from 88% of revenue in Q4 2024 to 81% in Q2 2026, the largest shift in the mix.
GrowGeneration revenue by quarterGrowGeneration revenue by quarter$37.4MQ4 2024$35.7MQ1 2025$41.0MQ2 2025$47.3MQ3 2025$37.8MQ4 2025$38.4MQ1 2026$43.2MQ2 2026
GrowGeneration: where each dollar of revenue goesGrowGeneration: where each dollar of revenue goesIncome tax0¢Operating cash flow2¢Free cash flow2¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Cultivation and Gardening$34.9M80.8%+9%+6%
Storage Solutions$8.3M19.2%+28%+3%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$43.2M100.0%
Income tax$19K0.0%
Operating cash flow$941K2.2%
Free cash flow$746K1.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$43.2M+6%
Q1 2026$38.4M+8%
Q4 2025$37.8M+1%
Q3 2025$47.3M-6%
Q2 2025$41.0M-24%
Q1 2025$35.7M-25%
Q4 2024$37.4M-24%

From GrowGeneration's 10-Q filed Aug 11, 2026 (on EDGAR).

Questions

How does GrowGeneration make money?

GrowGeneration (GRWG) made $43.2M of revenue in the second quarter 2026 (Q2 2026), +5% from a year earlier. Cultivation and Gardening brought in $34.9M (81%); Storage Solutions brought in $8.3M (19%).

What is GrowGeneration's biggest business?

Cultivation and Gardening: $34.9M in the second quarter 2026, 81% of revenue, +6% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.