---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-016888"
form_type: "8-K"
ticker: "GRWG"
cik: "0001604868"
company_name: "GrowGeneration Corp."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:13:30.348301+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GrowGeneration Q1 revenue $56.8M, net loss $6.1M; maintains FY2023 guidance

## Summary
- Net revenue $56.8M, down 30.5% YoY but sequential improvement from prior quarter.
- Gross margin improved to 28.7% from 27.1% YoY; net loss $6.1M ($0.10 loss per share).
- Comparable store sales declined 36.6% YoY; total retail sales $39.4M vs $64.3M prior year.
- Adjusted EBITDA loss $1.8M, above guidance; FY2023 guidance: revenue $250M-$270M, adj. EBITDA loss $4M to profit $1M.
- Cash and marketable securities $71.9M; store/operating expenses down to $13.0M from $14.5M.

## SEC filing metadata
- accession: 0001628280-23-016888
- form_type: 8-K
- ticker: GRWG
- cik: 0001604868
- company_name: GrowGeneration Corp.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604868/000162828023016888/0001628280-23-016888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604868/000162828023016888/grwg-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-016888
- JSON: https://secwatch.observer/filing/0001628280-23-016888.json
- Plain text: https://secwatch.observer/filing/0001628280-23-016888.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.