GrowGeneration Corp. (GRWG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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GRWG Revenue Growth
Revenue Breakdown (FY 2024)
GRWG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
GRWG Revenue Analysis (2014–2025)
As of May 7, 2026, GrowGeneration Corp. (GRWG) generated trailing twelve-month (TTM) revenue of $161.7 million, reflecting modest growth of +1.0% year-over-year. The most recent quarter (Q4 2025) recorded $37.8 million in revenue, down 20.0% sequentially.
Looking at the longer-term picture, GRWG's 5-year compound annual growth rate (CAGR) stands at -3.5%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $422.5 million in 2021.
Revenue diversification analysis shows GRWG's business is primarily driven by Storage Solutions (100%). With over half of revenue concentrated in Storage Solutions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including HYFM (-26.8% YoY), UNFI (-0.4% YoY), and LWAY (+13.7% YoY), GRWG has underperformed the peer group in terms of revenue growth. Compare GRWG vs HYFM →
GRWG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GRWGCurrent | $162M | +1.0% | -3.5% | -15.7% | |
 HYFM | $190M | -26.8% | -4.1% | -27.4% | |
 UNFI | $31.8B | -0.4% | +3.7% | -0.1% | |
 LWAY | $212M | +13.7% | +15.8% | 7.6% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% | |
 AREC | $383,234 | -63.7% | -56.5% | -8634.2% |
GRWG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $161.7M | -14.4% | $43.3M | 26.8% | $-25,455,000 | -15.7% |
| 2024 | $188.9M | -16.4% | $43.7M | 23.1% | $-51,972,000 | -27.5% |
| 2023 | $225.9M | -18.8% | $61.3M | 27.1% | $-49,844,000 | -22.1% |
| 2022 | $278.2M | -34.2% | $70.3M | 25.3% | $-167,875,000 | -60.4% |
| 2021 | $422.5M | +118.5% | $118.2M | 28.0% | $15.0M | 3.6% |
| 2020 | $193.4M | +142.5% | $51.0M | 26.4% | $8.4M | 4.4% |
| 2019 | $79.7M | +174.9% | $22.0M | 27.6% | $1.6M | 2.0% |
| 2018 | $29.0M | +101.9% | $6.4M | 22.2% | $-4,255,648 | -14.7% |
| 2017 | $14.4M | +80.0% | $3.3M | 22.8% | $-2,850,513 | -19.8% |
| 2016 | $8.0M | +131.0% | $2.2M | 27.6% | $-425,993 | -5.3% |
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Start ComparisonGRWG — Frequently Asked Questions
Quick answers to the most common questions about buying GRWG stock.
Is GRWG's revenue growth accelerating or slowing?
GRWG revenue growth slowed to +1.0%, below the 5-year CAGR of -3.5%. TTM revenue is $162M. The deceleration marks a shift from historical growth rates.
What is GRWG's long-term revenue growth rate?
GrowGeneration Corp.'s 5-year revenue CAGR of -3.5% reflects the variable expansion pattern. Current YoY growth of +1.0% is near this long-term average.
How is GRWG's revenue distributed by segment?
GRWG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.