Filing Flows › Comparisons › GRWG vs IPW
GrowGeneration vs iPower: GRWG and IPW compared
GrowGeneration is the larger company: $43.2M of revenue in its latest quarter (Q2 2026) against $1.4M for iPower (Q4 FY26). GrowGeneration is growing faster (+6% against -86% a year earlier). GrowGeneration is more profitable, with an operating margin of -5.4% against -648.0%.
Where the money goes: GRWG and IPW
GrowGeneration (GRWG) · Q2 2026
GrowGeneration, Q2 2026: revenue $43.2M (+6% year over year), operating margin -5.4%, net loss $2.0M, operating cash flow $941K. The chart follows the revenue to costs, profit and cash.
iPower (IPW) · Q4 FY26
iPower, Q4 FY26: revenue $1.4M (-86% year over year), operating margin -648.0%, net loss $6.4M, operating cash flow −$594K. The chart follows the revenue to costs, profit and cash.
| GrowGeneration (GRWG) | iPower (IPW) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $43.2M | $1.4M |
| Revenue growth, Y/Y | +6% | -86% |
| Operating margin | -5.4% | -648.0% |
| Net earnings | −$2.0M | −$6.4M |
| Net margin | -4.7% | -449.4% |
| Operating cash flow | $941K | −$594K |
| Free cash flow | $746K | — |
Where the revenue comes from
GrowGeneration
- Cultivation and Gardening: $34.9M (81%)
- Storage Solutions: $8.3M (19%)
iPower
- Product: $1.4M (100%)
- Service: $1K (0%)
Questions
Which is bigger, GrowGeneration or iPower?
GrowGeneration is the larger company: $43.2M of revenue in its latest quarter (Q2 2026) against $1.4M for iPower (Q4 FY26).
Is GrowGeneration or iPower growing faster?
GrowGeneration is growing faster (+6% against -86% a year earlier).
Which is more profitable, GrowGeneration or iPower?
GrowGeneration is more profitable, with an operating margin of -5.4% against -648.0%.
More: GrowGeneration earnings · how GrowGeneration makes money · iPower earnings · how iPower makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-K filed Oct 2, 2026). Fiscal quarters can end on different dates. Not investment advice.