GrowGeneration reports FY 2024 net sales $188.9M, net loss $49.5M; guides FY 2025 rev $170-180M

GrowGeneration Corp.

FY 2024 net sales $188.9M, down from $225.9M; net loss $49.5M vs $46.5M in prior year.
Q4 2024 net sales $37.4M, down from $49.5M; net loss $23.3M improved from $27.3M.
Proprietary brand sales were 24.2% of Cultivation & Gardening sales, up from 18.8%.
FY 2025 guidance: revenue $170-180M, adjusted EBITDA -$2M to $2M, gross margin 29-31%.
Cash and equivalents $56.5M, no debt; store consolidation of 19 locations in 2024.

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