GrowGeneration reports FY2025 net sales $161.7M, net loss $24M; guides to breakeven EBITDA in 2026

GrowGeneration Corp.

Full year 2025 net sales $161.7M (down from $188.9M); GAAP net loss $24.0M vs $49.5M prior year.
Q4 2025 net sales $37.8M (+1% YoY); net loss $7.4M vs $23.3M prior year.
Proprietary brand penetration improved to 32.8% of Cultivation & Gardening revenue (up from 24.2%).
Board authorized $10M share repurchase program; company has $46.1M cash, no debt.
2026 guidance: revenue $162-168M, gross margin 27-29%, breakeven Adjusted EBITDA.

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