GrowGeneration Corp. (GRWG) Revenue History
Annual and quarterly revenue from 2014 to present
GRWG Revenue Over Time (2014–2025)
GRWG Revenue Growth History
7 of 11 years with positive growth- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- +139.5%
- FY2016 revenue growth
- +131.0%
- FY2017 revenue growth
- +80.0%
- FY2018 revenue growth
- +101.9%
- FY2019 revenue growth
- +174.9%
- FY2020 revenue growth
- +142.5%
- FY2021 revenue growth
- +118.5%
- FY2022 revenue growth
- -34.2%
- FY2023 revenue growth
- -18.8%
- FY2024 revenue growth
- -16.4%
- FY2025 revenue growth
- -14.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $38.4M | +7.5% |
| Q4 2025 | $37.8M | +1.0% |
| Q3 2025 | $47.3M | -5.5% |
| Q2 2025 | $41.0M | -23.5% |
| Q1 2025 | $35.7M | -25.4% |
| Q4 2024 | $37.4M | -24.3% |
| Q3 2024 | $50.0M | -10.2% |
| Q2 2024 | $53.5M | -16.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
GRWG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
GRWG Revenue Analysis (2014–2025)
Current Revenue & Growth
As of June 21, 2026, GrowGeneration Corp. (GRWG) generated trailing twelve-month (TTM) revenue of $164.4 million, reflecting solid growth of +7.5% year-over-year. The most recent quarter (Q1 2026) recorded $38.4 million in revenue, up 1.5% sequentially.
Historical Growth Trajectory
GRWG's 5-year compound annual growth rate (CAGR) stands at -3.5%, indicating revenue contraction over this period. The 3-year CAGR of -16.5% is below the 5-year average, signalling a growth deceleration in recent years. GrowGeneration Corp.'s highest annual revenue of $422.5 million was recorded in 2021.
Revenue by Segment
GRWG's revenue is primarily driven by Storage Solutions (100%). With over half of revenue concentrated in Storage Solutions, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including HYFM (-30.8% YoY), UNFI (-0.4% YoY), and LWAY (+21.9% YoY) — GRWG has outperformed the peer group in 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 | $164M | +7.5% | -3.5% | -15.0% | |
 HYFM | $134M | -30.8% | -17.1% | -29.4% | |
 UNFI | $31.8B | -0.4% | +3.7% | -0.1% | |
 LWAY | $212M | +21.9% | +15.8% | 7.6% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% |
GRWG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $161.7M | -14.4% | $32.0M | 19.8% | $-24,314,000 | -15.0% |
| 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% |
| 2015 | $3.5M | +139.5% | $1.1M | 31.9% | $-514,620 | -14.9% |
| 2014 | $1.4M | - | $468K | 32.4% | $-224,503 | -15.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
12+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
GRWG — 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 is holding steady at +7.5% year-over-year. TTM revenue is $164M. The current growth rate closely tracks the 5-year CAGR of -3.5%, signalling consistent execution.
What is GRWG's revenue history from 2014 to 2026?
GrowGeneration Corp. (GRWG) revenue history spans 2014 to 2026. TTM revenue as of 2026 is $164M, growing at +7.5% YoY. The 5-year CAGR is -3.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GRWG's long-term revenue growth rate (CAGR)?
GrowGeneration Corp.'s 5-year revenue CAGR of -3.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +7.5% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GRWG.
Why does GRWG's quarterly revenue fluctuate?
GRWG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. GrowGeneration Corp.'s revenue data from 2014 to 2026 shows full historical quarterly detail on this page.
How is GRWG's revenue distributed by segment?
GRWG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GRWG's revenue compare to industry peers?
GrowGeneration Corp. (GRWG) with TTM revenue of $164M and +7.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.