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GrowGeneration Corp. (GRWG) Annual Reports

Q: Where can I read GrowGeneration Corp. (GRWG) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

GrowGeneration Corp. is listed on Nasdaq, classified by the SEC under Retail-Building Materials, Hardware, Garden Supply (SIC 5200). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1604868 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$43.2M	$41.0M	+5.5%
Operating income	$-2.3M	$-5.3M	+55.6%
Net income	$-2.0M	$-4.8M	+58.2%
EPS (diluted)	$-0.03	$-0.08	+62.5%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 43.2 mn Net income -2.01 mn

Show table：Income statement

Item	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	0.81	0.92	1.12	1.54	1.91	2.17	2.36	2.58	4.11	4.03	3.64	4.38	7.15	8.41	9.06	13.1	19.5	21.8	25.4	33.0	43.5	55.0	61.9	90.0	126	116	90.6	81.8	71.1	70.8	54.5	56.8	63.9	55.7	49.5	47.9	53.5	50.0	37.4	35.7	41.0	47.3	37.8	38.4	43.2
Gross profit	0.26	0.35	0.29	0.49	0.57	0.61	0.53	0.68	1.15	1.12	0.32	1.19	1.73	2.16	1.37	3.69	5.82	6.50	6.55	8.95	11.6	14.6	15.9	25.4	35.7	34.1	23.1	22.1	20.2	18.3	9.56	16.3	17.1	16.2	11.6	12.4	14.4	10.8	6.13	9.71	11.6	12.9	9.12	9.74	12.3
Operating income	0.03	-0.15	-0.4	-0.08	-0.14	0.01	-0.22	-0.28	-0.34	-0.46	-1.77	-0.66	-0.62	-0.58	-2.40	0.35	1.17	1.13	-0.52	-2.12	2.81	5.10	2.64	7.74	9.61	4.68	-7.02	-7.22	-137	-8.09	-15.8	-7.76	-6.57	-8.30	-27.2	-9.43	-6.51	-12.1	-23.9	-9.87	-5.27	-2.84	-7.59	-5.26	-2.34
Net income	0.03	-0.15	-0.41	-0.08	-0.14	0.01	-0.22	-0.28	-0.34	-0.46	-1.46	-0.95	-0.93	-0.78	-2.40	0.23	1.06	1.05	-0.46	-2.09	2.57	3.34	1.51	6.15	6.71	4.03	-4.10	-5.18	-136	-7.20	-15.0	-6.13	-5.70	-7.35	-27.3	-8.84	-5.90	-11.4	-23.3	-9.38	-4.81	-2.44	-7.42	-4.92	-2.01

Balance sheet

Quarterly · In mn (USD)

Total assets 137 mn Total liabilities 46.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	2.07	—	2.76	3.28	3.61	5.38	7.68	8.22	7.17	16.8	27.1	25.5	25.0	23.6	36.0	39.9	42.6	48.9	54.0	104	250	240	256	252	217	194	189	183	171	164	163	164	147	142	135	123	113	109	109	112	104	99.7	99.6
Total assets	—	—	2.61	—	3.47	4.03	4.44	6.60	9.24	10.0	9.25	21.0	32.0	36.2	35.9	43.7	59.5	68.4	72.0	80.5	87.9	140	355	408	453	479	459	449	318	307	293	283	281	277	239	230	219	200	174	164	161	160	147	140	137
Current liabilities	—	—	0.44	—	0.65	0.82	0.84	1.15	1.77	1.66	1.59	2.51	2.61	2.34	3.41	6.23	6.28	9.49	12.1	17.3	18.8	20.9	27.4	45.7	59.8	72.5	47.1	36.6	39.5	37.6	35.8	33.2	36.7	40.5	30.9	29.3	29.2	24.5	24.3	24.9	27.3	29.3	26.0	24.6	25.6
Total liabilities	—	—	0.46	—	0.7	0.87	0.88	1.19	1.87	1.75	1.68	7.19	7.42	5.29	5.83	12.1	12.7	15.6	18.1	23.0	24.9	27.4	37.7	57.8	89.0	106	88.0	77.3	80.9	76.5	77.0	71.9	74.2	77.2	65.7	65.1	63.4	56.5	54.3	53.1	53.9	54.9	49.5	46.8	46.6
Equity	—	—	2.15	2.48	2.77	3.16	3.56	5.41	7.36	8.25	7.58	13.8	24.6	30.9	30.1	31.6	46.9	52.8	53.9	57.5	63.0	112	317	350	364	373	371	372	237	231	216	211	206	200	173	165	156	143	120	111	107	105	97.5	92.8	90.0

Cash flow

Quarterly · In mn (USD)

Operating 0.94 mn Investing 1.90 mn Financing -1.06 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	-0.3	-0.19	-0.6	-0.3	-0.44	-0.29	-0.44	-0.98	-0.59	-1.02	-0.82	-1.78	-1.74	1.65	0.33	-2.46	1.60	-1.42	-1.06	0.75	5.37	-2.42	-3.91	0.74	1.53	-0.41	3.29	-2.22	3.77	8.32	2.08	3.46	3.92	-4.60	-1.36	-3.68	-0.37	1.17	1.07	-3.83	-2.92	-0.5	-2.20	-5.05	0.94
Investing	-0.05	-0.09	-0.09	-0.13	-0.07	-0.04	-0.09	-0.38	-0.28	-0.21	-0.31	-0.66	-0.42	-5.17	-0.12	-5.52	-3.28	-1.38	-1.63	-2.76	-2.26	-1.92	-38.9	-82.8	-28.3	-3.75	-24.5	9.50	4.66	7.19	-32.9	19.3	-37.0	6.46	-0.22	5.00	1.19	0.54	-0.99	9.16	-6.46	4.55	5.36	-3.68	1.90
Financing	0.28	0.67	0.91	0.38	0.31	0.4	0.62	2.08	1.70	0.98	0.43	9.99	10.8	0.42	0.09	-0.1	13.0	0.92	-0.31	0.47	0.27	44.9	165	-3.87	1.93	0.04	-0.48	-1.38	-0.11	-0.04	-0.16	-0.09	-0.12	-0.03	-0.08	-0.03	-4.29	-1.85	-0.05	-0.06	-0.05	0	-0.11	0	-1.06
Cash at period end	0.08	0.48	0.7	0.65	0.45	0.51	0.61	1.32	2.16	1.91	1.22	8.76	17.4	14.3	14.6	6.56	17.9	16.0	13.0	11.4	14.8	55.4	178	92.0	67.2	63.0	41.4	47.3	55.6	71.1	40.0	62.7	29.6	31.4	29.8	31.1	27.6	27.4	27.5	32.7	23.3	27.4	30.4	21.7	23.5

Profitability

Quarterly · %

Gross margin 28.5% Operating margin -5.4% Net margin -4.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	32.2%	37.5%	25.6%	31.9%	29.9%	28.1%	22.6%	26.4%	28.0%	27.7%	8.9%	27.1%	24.2%	25.7%	15.1%	28.2%	29.9%	29.9%	25.8%	27.1%	26.7%	26.5%	25.8%	28.2%	28.4%	29.4%	25.5%	27.1%	28.4%	25.9%	17.6%	28.7%	26.8%	29.1%	23.6%	25.8%	26.9%	21.6%	16.4%	27.2%	28.3%	27.2%	24.1%	25.4%	28.5%
Operating margin	4.1%	-15.8%	-35.9%	-5.1%	-7.5%	0.5%	-9.1%	-10.9%	-8.2%	-11.4%	-48.7%	-15.1%	-8.7%	-6.8%	-26.5%	2.7%	6.0%	5.2%	-2.0%	-6.4%	6.5%	9.3%	4.3%	8.6%	7.6%	4.0%	-7.8%	-8.8%	-192.4%	-11.4%	-28.9%	-13.7%	-10.3%	-14.9%	-55.0%	-19.7%	-12.2%	-24.2%	-63.9%	-27.7%	-12.9%	-6.0%	-20.1%	-13.7%	-5.4%
Net margin	3.8%	-15.8%	-36.2%	-5.1%	-7.5%	0.5%	-9.3%	-11.0%	-8.3%	-11.4%	-40.0%	-21.8%	-13.0%	-9.3%	-26.5%	1.8%	5.5%	4.8%	-1.8%	-6.3%	5.9%	6.1%	2.4%	6.8%	5.3%	3.5%	-4.5%	-6.3%	-191.8%	-10.2%	-27.5%	-10.8%	-8.9%	-13.2%	-55.2%	-18.4%	-11.0%	-22.9%	-62.4%	-26.3%	-11.7%	-5.2%	-19.6%	-12.8%	-4.7%

Returns & leverage

Quarterly · %

ROE -17.1% ROA -11.3% Debt ratio 34.1%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	-24.2%	-27.9%	-19.6%	-15.1%	-16.1%	-16.4%	-22.9%	-45.7%	-33.4%	-23.8%	-21.1%	-27.0%	-17.1%	-5.3%	-0.1%	4.5%	-1.0%	1.9%	4.1%	2.9%	6.7%	8.3%	7.6%	3.7%	0.4%	-47.2%	-50.7%	-55.7%	-56.5%	-15.3%	-15.9%	-23.9%	-26.2%	-27.3%	-31.2%	-33.7%	-36.2%	-37.3%	-32.3%	-22.1%	-19.2%	-17.1%
ROA	—	—	—	—	-22.3%	-15.3%	-12.2%	-9.6%	-13.1%	-18.6%	-37.1%	-23.3%	-18.4%	-17.9%	-22.5%	-12.0%	-4.1%	-0.1%	3.5%	-0.7%	1.4%	3.2%	2.5%	5.6%	6.5%	6.0%	3.1%	0.3%	-36.8%	-38.9%	-43.5%	-45.0%	-11.4%	-11.7%	-17.5%	-19.2%	-19.8%	-22.4%	-23.9%	-25.4%	-25.8%	-22.3%	-15.0%	-12.9%	-11.3%
Debt ratio	—	—	17.5%	—	20.1%	21.6%	19.9%	18.0%	20.3%	17.5%	18.1%	34.2%	23.1%	14.6%	16.3%	27.7%	21.3%	22.8%	25.2%	28.6%	28.3%	19.6%	10.6%	14.2%	19.6%	22.2%	19.2%	17.2%	25.5%	24.9%	26.3%	25.4%	26.4%	27.8%	27.5%	28.3%	28.9%	28.3%	31.1%	32.3%	33.5%	34.4%	33.7%	33.5%	34.1%

EPS

Quarterly · US$

EPS US$-0.03

Show table：EPS

Item	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	—	-0.02	-0.06	—	-0.02	0.00	-0.03	—	—	—	-0.18	-0.05	-0.04	-0.03	-0.10	0.01	0.03	0.03	-0.01	-0.06	0.06	0.06	0.02	0.10	0.11	0.07	-0.07	-0.09	-2.24	-0.12	-0.24	-0.10	-0.09	-0.12	-0.45	-0.14	-0.10	-0.19	-0.39	-0.16	-0.08	-0.04	-0.12	-0.08	-0.03

Revenue & profit

Year-to-date · In mn (USD)

Revenue 81.6 mn Net income -6.93 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 137 mn Total liabilities 46.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating -4.11 mn Investing -1.78 mn Financing -1.06 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 27.0% Operating margin -9.3% Net margin -8.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -17.1% ROA -11.3% Debt ratio 34.1%

EPS

Year-to-date · US$

EPS US$-0.11

Revenue & profit

Annual · In mn (USD)

Revenue 162 mn Net income -24.1 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	7.98	14.4	29.0	79.7	193	422	278	226	189	162
Gross profit	2.20	3.27	6.44	22.6	51.0	118	70.3	61.3	43.7	43.3
Operating income	-0.43	-2.85	-4.26	2.14	8.43	15.0	-168	-49.8	-52.0	-25.6
Net income	-0.43	-2.54	-5.07	1.88	5.33	12.8	-164	-46.5	-49.5	-24.1

Balance sheet

Annual · In mn (USD)

Total assets 147 mn Total liabilities 49.5 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	3.61	7.17	25.0	42.6	250	217	171	147	113	104
Total assets	4.44	9.25	35.9	72.0	355	459	293	239	174	147
Current liabilities	0.84	1.59	3.41	12.1	27.4	47.1	35.8	30.9	24.3	26.0
Total liabilities	0.88	1.68	5.83	18.1	37.7	88.0	77.0	65.7	54.3	49.5
Equity	3.56	7.58	30.1	53.9	317	371	216	173	120	97.5

Cash flow

Annual · In mn (USD)

Operating -9.45 mn Investing 12.6 mn Financing -0.22 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	-1.47	-3.41	-1.54	-3.34	-0.21	5.16	11.9	1.42	-1.80	-9.45
Investing	-0.33	-1.18	-6.37	-11.8	-45.8	-139	-11.6	-11.4	5.73	12.6
Financing	1.71	5.19	21.3	13.5	211	-2.38	-1.69	-0.31	-6.21	-0.22
Cash at period end	0.61	1.22	14.6	13.0	178	41.4	40.0	29.8	27.5	30.4

Profitability

Annual · %

Gross margin 26.8% Operating margin -15.8% Net margin -14.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	27.6%	22.8%	22.2%	28.3%	26.4%	28.0%	25.3%	27.1%	23.1%	26.8%
Operating margin	-5.3%	-19.8%	-14.7%	2.7%	4.4%	3.5%	-60.4%	-22.1%	-27.5%	-15.8%
Net margin	-5.4%	-17.7%	-17.5%	2.4%	2.8%	3.0%	-58.9%	-20.6%	-26.2%	-14.9%

Returns & leverage

Annual · %

ROE -22.1% ROA -15.0% Debt ratio 33.7%

Show table：Returns & leverage

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	-12.1%	-45.7%	-27.0%	4.5%	2.9%	3.7%	-55.7%	-23.9%	-33.7%	-22.1%
ROA	-9.7%	-37.1%	-22.5%	3.5%	2.5%	3.1%	-43.5%	-17.5%	-23.9%	-15.0%
Debt ratio	19.9%	18.1%	16.3%	25.2%	10.6%	19.2%	26.3%	27.5%	31.1%	33.7%

EPS

Annual · US$

EPS US$-0.40

Show table：EPS

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	—	—	-0.22	0.06	0.09	0.21	-2.69	-0.76	-0.82	-0.40

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read GrowGeneration Corp. (GRWG) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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