GrowGeneration Reports Second Quarter 2026 Financial ResultsCompany Reaffirms 2026 Revenue Outlook and Raises Full Year Adjusted EBITDA (1) guidance to $2 million to $3 million Net Loss Improved by $2.8 million Year-Over-Year; Achieved Positive Adjusted EBITDA (1) of $0.3 million Net Sales of $43.2 million , up 12.6% Sequentially and 5.5% Year-Over-Year Proprietary Brand Penetration Increased to 39.7% of Cultivation and Gardening Revenue, a 770 basis point improvement Year-Over-Year $41.0 million in Cash, Cash Equivalents, and Marketable Securities with no Debt DENVER, Aug. 11, 2026 (GLOBE NEWSWIRE) -- GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGeneration,” “GrowGen,” or the “Company”), one of the nation's largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and garden centers, today announced financial results for the second quarter of 2026. Second Quarter 2026 Summary Net sales of $43.2 million, up 5.5% year-over-year; Proprietary brand sales as a percentage of Cultivation and Gardening net sales increased to 39.7%, compared to 32.0% in the second quarter of 2025; Gross profit margin of 28.5%, compared to 28.3% for the second quarter of 2025; Store and other operating expenses declined approximately 21.9% to $6.1 million, compared to $7.9 million for the same period in the prior year; Total operating expenses decreased $2.2 million, or 13.1%, to $14.7 million in the second quarter of 2026, compared to $16.9 million for the same period in the prior year; Net loss was $2.0 million compared to a net loss of $4.8 million for the same period in 2025; Adjusted EBITDA(1) gain of $0.3 million compared to a loss of $1.3 million for the comparable prior year period; and Cash, cash equivalents, and marketable securities of $41.0 million and no debt.
GlobeNewsWire8/11/2026Neutral