Company Analysis

GrowGeneration Corp. (GRWG)

Nasdaq: GRWG · Retail-Building Materials, Hardware, Garden Supply · Greenwood Village, CO · filing with the SEC since 2014
Grade3.8
◀ Past 3.8● Present 3.6▶ Future 4.2
1 est.

The grade of GrowGeneration Corp.

Nine metrics read from its own filings, by tense
Headline grade
3.8/10
◀ Past3.825% of the headline
● Present3.645% of the headline
▶ Future4.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.8/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.6/10

Has it survived what it has been through?

5 warning events since 2017; the latest 2025-07-14.

weight 45% of this tense · 36th percentile among 11 sector filers · read for itself

From the record

GrowGeneration Corp.'s filings since 2017 show 5 warning events of 2 kinds: an auditor change (8-K item 4.01, 3 times, the latest 2025-07-14); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-05-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.2/10

What has it actually done, year after year?

+12.5% a year over 7 filed years; profitable in 3 of 7.

weight 33% of this tense · 32nd percentile among 11 sector filers · read for its customers

From the record

GrowGeneration Corp.'s 7 filed years say what it did: revenue went from $80 million in fiscal 2019 to $162 million in fiscal 2025, up 12.5% a year; it rose in 2 of 6 years; the deepest fall was 62% from fiscal 2021 to fiscal 2025; net income was positive in 3 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.5%top 14% of its family
  • the share of years revenue rosebottom 5% of its family
  • the share of filed years with a profitbottom 23% of its family
  • the deepest fall from a revenue peak61.7%bottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.0/10

How has it treated the people who own it?

SI estimate 5.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 50th percentile among 11 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 50% of 11 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 11 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: GrowGeneration Corp.'s shareholder treatment is put at 5.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 50% of 11 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.6/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
4.3/10

Is it financially healthy right now?

ROE -25%: lost 25¢ per shareholder dollar. Leverage 34%: owes 34¢ per asset dollar.

weight 45% of this tense · 44th percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, GrowGeneration Corp. lost about 25 cents for every dollar of shareholders' money, and gross profitability: its products earned about 29 cents per dollar of everything the company owns. Leverage: it owed about 34 cents per dollar of assets, and net share issuance: its share count shrank 0.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 23% of its family
  • return on equitybottom 15% of its family
  • gross profit against assetsbottom 32% of its family
  • the share count against the year beforetop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.7/10

How strong is its position in its industry?

bottom 17% of 11 in its family; net margin -14.9%.

weight 33% of this tense · 17th percentile among 11 sector filers · read for its customers

From the record

GrowGeneration Corp.'s standing among 11 graded names in its industry family: revenue of $162 million in fiscal 2025 ranks in the bottom 25% by size; a net margin of -14.9% ranks in the bottom 14%; revenue growth of -16.5% a year over the last 3 filed years ranks in the bottom 14% (its annual reports).

What it rests on

  • revenue against the family$162Mbottom 25% of its family
  • net margin-14.9%bottom 14% of its family
  • three-year revenue growth-16.5%bottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.8/10

What are the people in charge doing?

bottom 48% of 9 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 48th percentile among 9 sector filers · read for its shareholders

From the record

GrowGeneration Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Lampert, Darren (CEO, as filed), filing under that title since 2019-11-27, 7 years (top 28% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 6.1 years (top 50%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 22%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 6 peoplebottom 22% of its family
  • the median years the people in charge have filed6.1 yearstop 50% of its family
  • the chief executive's years on the record7.0 yearstop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 47% of 11 in its family for room to expand.

weight 22% of this tense · 47th percentile among 11 sector filers · read for itself

From the record

GrowGeneration Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $30 million against no long-term debt tagged leaves 20.7% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -5.8% of revenue (bottom 14%); a gross margin of 26.8% (bottom 32%) (its annual report).

What it rests on

  • cash less debt against assets20.7%top 5% of its family
  • cash from operations less capital spending against revenue-5.8%bottom 14% of its family
  • gross margin26.8%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
0.8/10

What could actually drive growth from here?

bottom 8% of 11 in its family for growth drivers.

weight 45% of this tense · 8th percentile among 11 sector filers · read for its customers

From the record

GrowGeneration Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -16.5% a year over the last three filed years against 12.5% over all 7, slowing (bottom 5% of its family); the newest year grew -14.4% (bottom 14%); capital spending grew -84.8% a year (bottom 5%) (its annual reports). GrowGeneration Corp. reported 2 lines of business in fiscal 2025: Cultivation and Gardening at $134 million (83%), Storage Solutions at $28 million (17%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-29.0 points a yearbottom 5% of its family
  • the newest year's revenue growth-14.4%bottom 14% of its family
  • three-year growth of capital spending-84.8%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.6/10

Did its newest year beat what its own record pointed to?

top 14% of 11 in its family for expectations against reality.

weight 33% of this tense · 86th percentile among 11 sector filers · read for its shareholders

From the record

GrowGeneration Corp.'s newest year against its own record: revenue of $162 million in fiscal 2025 came in 3.9% above the $156 million its prior three years' pace pointed to (top 32% of its family); net income of $24 million against a prior three-year average of $87 million (top 5%); a net margin of -14.9% against -35.2% before (top 5%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.9%top 32% of its family
  • net income against the prior three years' average+72%top 5% of its family
  • net margin against its prior average+20.4 pointstop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GRWG · research, not advice