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urban-gro, Inc. (UGRO) 10-Year Financial Performance & Capital Metrics

UGRO • • Industrial / General
IndustrialsAgricultural MachineryControlled Environment AgricultureIndoor Farming Systems
Abouturban-gro, Inc. engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services. It also offers facility and equipment commissioning services; gro-care crop and asset protection services, including training services, equipment maintenance services, asset protection program, and an interactive online operating support system for gro-care and client document delivery and project management; and property condition assessment services. In addition, the company provides integrated equipment systems solutions, such as design, source, and integration of complex environmental equipment systems comprising heating, ventilation, and air conditioning solutions, as well as environmental control, fertigation, irrigation distribution, water treatment, and wastewater reclamation systems; and commercial horticulture lighting solutions, rolling and automated container benching systems, specialty fans, microbial mitigation, and odor reduction systems. Further, it offers value-Added Reselling (VAR) of cultivation equipment systems; and strategic vendor relationships with premier manufacturers. It primarily markets and sells its solutions to clients in the CEA that includes operators and facilitators in the cannabis and produce markets; and commercial sectors comprising food and beverage consumer packaged goods companies, healthcare, higher education, and hospitality. urban-gro, Inc. was founded in 2014 and is based in Lafayette, Colorado.Show more
  • Revenue $72M +7.9%
  • EBITDA -$15M -34.8%
  • Net Income -$19M -22.3%
  • EPS (Diluted) -1.66 -15.3%
  • Gross Margin 14.39% -32.9%
  • EBITDA Margin -21.02% -25.0%
  • Operating Margin -23.31% -22.3%
  • Net Margin -26.11% -13.3%
  • ROE -68.18% -85.0%
  • ROIC -46.8% -7.3%
  • Debt/Equity 0.26 +41.4%
  • Interest Coverage -61.38 +73.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 29.0%
  • ✓Trading at only 0.2x book value
  • ✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y28.97%
3Y40.42%
TTM-20.82%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM25.08%

EPS CAGR

10Y-
5Y-
3Y-
TTM32.53%

ROCE

10Y Avg-28.51%
5Y Avg-28.51%
3Y Avg-28.51%
Latest-55.52%

Peer Comparison

Indoor Farming Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HYFMHydrofarm Holdings Group, Inc.8.63M1.85-0.13-16.02%-44.49%-36.54%0.76
UGROurban-gro, Inc.3.55M0.28-0.177.91%-23.28%-5.68%0.26
RYMRYTHM, Inc.45.26M21.06-0.51-36.07%-5.01%-375.45%0.39

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Sales/Revenue+7.03M12.3M20.05M24.19M25.84M62.11M66.3M71.54M
Revenue Growth %-0.75%0.63%0.21%0.07%1.4%0.07%0.08%
Cost of Goods Sold+5.62M9.24M13.89M17.56M20.12M47.35M52.09M61.25M
COGS % of Revenue0.8%0.75%0.69%0.73%0.78%0.76%0.79%0.86%
Gross Profit+1.41M3.05M6.16M6.63M5.72M14.76M14.21M10.29M
Gross Margin %0.2%0.25%0.31%0.27%0.22%0.24%0.21%0.14%
Gross Profit Growth %-1.16%1.02%0.08%-0.14%1.58%-0.04%-0.28%
Operating Expenses+3.02M5.42M9.96M12.05M8.46M14.96M26.84M26.97M
OpEx % of Revenue0.43%0.44%0.5%0.5%0.33%0.24%0.4%0.38%
Selling, General & Admin3.02M5.42M9.96M12.05M8.46M14.96M22.48M25.91M
SG&A % of Revenue0.43%0.44%0.5%0.5%0.33%0.24%0.34%0.36%
Research & Development0000003.3M0
R&D % of Revenue------0.05%-
Other Operating Expenses0024.67K0001.06M1.06M
Operating Income+-1.61M-2.36M-3.8M-5.43M-2.75M-204.74K-12.64M-16.68M
Operating Margin %-0.23%-0.19%-0.19%-0.22%-0.11%-0%-0.19%-0.23%
Operating Income Growth %--0.47%-0.61%-0.43%0.49%0.93%-60.72%-0.32%
EBITDA+-1.56M-2.29M-3.65M-5.16M-2.49M290.53K-11.15M-15.04M
EBITDA Margin %-0.22%-0.19%-0.18%-0.21%-0.1%0%-0.17%-0.21%
EBITDA Growth %--0.46%-0.59%-0.42%0.52%1.12%-39.39%-0.35%
D&A (Non-Cash Add-back)47.76K75.61K154.14K266.48K258.44K495.28K1.48M1.64M
EBIT-1.61M-2.36M-3.78M-6.31M-3.58M94.46K-15.55M-18.63M
Net Interest Income+00-119.96K-2.47M-1.5M-946.57K274.43K-97.79K
Interest Income218.43K216.58K02.04M023.57K329.01K173.9K
Interest Expense00119.96K2.04M1.5M970.13K54.58K271.69K
Other Income/Expense-199.41K-214.25K-95.29K-2.49M-2.33M-670.92K-2.96M-2.22M
Pretax Income+-1.81M-2.58M-3.9M-8.35M-5.07M-875.67K-15.6M-18.9M
Pretax Margin %-0.26%-0.21%-0.19%-0.35%-0.2%-0.01%-0.24%-0.26%
Income Tax+0-524.67K2.09M00-322.09K-215.86K
Effective Tax Rate %1%1%1%1%1%1%0.98%0.99%
Net Income+-1.81M-2.58M-3.9M-8.35M-5.07M-875.67K-15.28M-18.68M
Net Margin %-0.26%-0.21%-0.19%-0.35%-0.2%-0.01%-0.23%-0.26%
Net Income Growth %--0.42%-0.51%-1.14%0.39%0.83%-16.45%-0.22%
Net Income (Continuing)-1.81M-2.58M-3.9M0-5.07M-875.67K-15.28M-18.68M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-0.40-0.58-0.83-2.38-1.06-0.09-1.44-1.66
EPS Growth %--0.45%-0.43%-1.87%0.55%0.92%-15.48%-0.15%
EPS (Basic)-0.40-0.58-0.87-2.38-1.06-0.09-1.44-1.66
Diluted Shares Outstanding4.48M4.48M4.7M4.39M4.77M10.02M10.61M11.26M
Basic Shares Outstanding4.48M4.48M4.48M4.39M4.77M10.02M10.61M11.26M
Dividend Payout Ratio--------

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Total Current Assets+1.45M4.3M3.95M4M5.25M59.48M34.56M40.95M
Cash & Short-Term Investments17.46K1.66M1.18M448.7K184.47K34.59M12.01M1.11M
Cash Only17.46K1.66M1.18M448.7K184.47K34.59M12.01M1.11M
Short-Term Investments00000000
Accounts Receivable510.74K656.09K623.55K1.61M976.73K13.13M18.38M37.06M
Days Sales Outstanding26.5119.4711.3524.3613.877.13101.21189.09
Inventory806.18K1.12M1.21M676.17K537.1K514.76K320.37K228.86K
Days Inventory Outstanding52.3444.4131.914.059.743.972.241.36
Other Current Assets81.1K863.94K776.48K1.07M3.18M7.8K38.77K42.76K
Total Non-Current Assets+128.58K669.52K1.8M3.41M2.92M14.68M27.51M23.43M
Property, Plant & Equipment118.94K224.82K357.11K377.85K215.3K897.2K3.93M3.46M
Fixed Asset Turnover59.13x54.70x56.15x64.02x120.01x69.23x16.89x20.67x
Goodwill000902.07K902.07K7.99M15.57M15.57M
Intangible Assets031.05K84.03K3.03K3.03K1.58M5.45M4.39M
Long-Term Investments0400K1.26M2.02M1.71M4.21M2.56M0
Other Non-Current Assets9.64K44.69K96.67K106.18K84.51K000
Total Assets+1.58M4.97M5.74M7.41M8.16M74.16M62.07M64.38M
Asset Turnover4.45x2.48x3.49x3.27x3.17x0.84x1.07x1.11x
Asset Growth %-2.14%0.16%0.29%0.1%8.09%-0.16%0.04%
Total Current Liabilities+2.9M6.03M9.57M12.32M14.55M25.01M24.26M42.11M
Accounts Payable888.89K1.34M1.63M3.75M654K6.07M9.96M25.41M
Days Payables Outstanding57.7152.8642.8578.0111.8646.7669.79151.43
Short-Term Debt928.79K188K3.48M2.94M7.13M152.46K3.83M3.2M
Deferred Revenue (Current)001000K1000K1000K1000K1000K1000K
Other Current Liabilities981.62K4.12M653.18K2.08M01.41M-882.11K49.83K
Current Ratio0.50x0.71x0.41x0.32x0.36x2.38x1.42x0.97x
Quick Ratio0.22x0.53x0.29x0.27x0.32x2.36x1.41x0.97x
Cash Conversion Cycle21.1411.030.4-39.611.6834.3433.6739.03
Total Non-Current Liabilities+8K300K098.84K1.02M982.63K3.08M2.2M
Long-Term Debt8K300K001.02M000
Capital Lease Obligations00098.84K0542K2.04M1.38M
Deferred Tax Liabilities00000440.63K1.03M817.42K
Other Non-Current Liabilities00000440.63K1.03M0
Total Liabilities2.9M6.33M9.57M12.42M15.57M25.99M27.33M44.31M
Total Debt+936.79K488K3.48M3.16M8.24M694.46K6.48M5.29M
Net Debt919.33K-1.17M2.3M2.71M8.05M-33.9M-5.53M4.18M
Debt / Equity-----0.01x0.19x0.26x
Debt / EBITDA-----2.39x--
Net Debt / EBITDA------116.67x--
Interest Coverage---31.68x-2.66x-1.83x-0.21x-231.54x-61.38x
Total Equity+-1.32M-1.36M-3.83M-5.01M-7.41M48.17M34.73M20.07M
Equity Growth %--0.03%-1.81%-0.31%-0.48%7.5%-0.28%-0.42%
Book Value per Share-0.30-0.30-0.81-1.14-1.554.813.271.78
Total Shareholders' Equity-1.32M-1.36M-3.83M-5.01M-7.41M48.17M34.73M20.07M
Common Stock742.31K25.04K25.23K28.21K4.72K11.59K12.22K13.52K
Retained Earnings-2.07M-4.64M-8.54M-16.89M-21.96M-22.84M-38.12M-56.8M
Treasury Stock00000-7.68M-12.05M-12.05M
Accumulated OCI742.31K0000000
Minority Interest00000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operations+-1.05M244.66K-2.29M-2.49M-3.63M-1.56M-12.61M-11.19M
Operating CF Margin %-0.15%0.02%-0.11%-0.1%-0.14%-0.03%-0.19%-0.16%
Operating CF Growth %-1.23%-10.34%-0.09%-0.46%0.57%-7.07%0.11%
Net Income-1.81M-2.58M-3.9M-8.35M-5.07M-875.67K-15.28M-18.68M
Depreciation & Amortization47.76K75.61K154.14K266.48K258.44K495.28K1.48M1.64M
Stock-Based Compensation167.01K84.84K1.25M1.83M1.8M1.84M2.57M2.2M
Deferred Taxes000595.71K861.34K-189.59K-322.09K-215.86K
Other Non-Cash Items410.85K656.21K187.39K1.61M712.9K793.43K3.15M1.15M
Working Capital Changes388.63K2.44M23.39K1.56M-2.2M-3.63M-4.22M2.71M
Change in Receivables-366.03K-286.64K-73.92K-849.36K530.33K-10.55M-2.52M-19.25M
Change in Inventory-7.75K-331.2K-167.04K443.32K47.34K45.48K190.22K0
Change in Payables385.1K421.38K116.98K2.35M-3.01B6.47B1.09M23.37M
Cash from Investing+-136.41K-612.54K-1.26M-1.15M-175.97K-8.34M-4.45M1.71M
Capital Expenditures-136.41K-212.54K-403.15K-233.21K-175.97K-292.43K-580.35K-615.17K
CapEx % of Revenue0.02%0.02%0.02%0.01%0.01%0%0.01%0.01%
Acquisitions--------
Investments--------
Other Investing0-408.05K-895.32K161.75K0-8.04M00
Cash from Financing+1.17M2.01M3.07M2.91M3.54M44.31M-5.52M-1.41M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing231.39K1.96M0000-1.01M-479.36K
Net Change in Cash--------
Free Cash Flow+-1.18M32.12K-2.69M-2.72M-3.81M-1.86M-13.19M-11.81M
FCF Margin %-0.17%0%-0.13%-0.11%-0.15%-0.03%-0.2%-0.17%
FCF Growth %-1.03%-84.7%-0.01%-0.4%0.51%-6.11%0.1%
FCF per Share-0.260.01-0.57-0.62-0.80-0.19-1.24-1.05
FCF Conversion (FCF/Net Income)0.58x-0.09x0.59x0.30x0.72x1.79x0.83x0.60x
Interest Paid00000028.15K142.39K
Taxes Paid00000016.25K185.91K

Key Ratios

Metric20162017201820192020202120222023
Return on Equity (ROE)------4.3%-36.86%-68.18%
Return on Invested Capital (ROIC)------2.06%-43.6%-46.8%
Gross Margin20.06%24.83%30.72%27.39%22.12%23.76%21.43%14.39%
Net Margin-25.72%-20.96%-19.43%-34.52%-19.64%-1.41%-23.04%-26.11%
Debt / Equity-----0.01x0.19x0.26x
Interest Coverage---31.68x-2.66x-1.83x-0.21x-231.54x-61.38x
FCF Conversion0.58x-0.09x0.59x0.30x0.72x1.79x0.83x0.60x
Revenue Growth-74.85%63.04%20.64%6.81%140.4%6.74%7.91%

Revenue by Segment

2019202020222023
Equipment Systems-22.06M33.33M12.68M
Equipment Systems Growth--51.11%-61.97%
Service--12.86M11.92M
Service Growth----7.30%
Other--1.01M688.24K
Other Growth----31.93%
Services928.06K1.9M--
Services Growth-105.05%--
Consumable Products-1.88M--
Consumable Products Growth----
Products3.17M---
Products Growth----

Frequently Asked Questions

Growth & Financials

urban-gro, Inc. (UGRO) reported $58.4M in revenue for fiscal year 2023. This represents a 730% increase from $7.0M in 2016.

urban-gro, Inc. (UGRO) grew revenue by 7.9% over the past year. This is steady growth.

urban-gro, Inc. (UGRO) reported a net loss of $13.6M for fiscal year 2023.

Dividend & Returns

urban-gro, Inc. (UGRO) has a return on equity (ROE) of -68.2%. Negative ROE indicates the company is unprofitable.

urban-gro, Inc. (UGRO) had negative free cash flow of $5.7M in fiscal year 2023, likely due to heavy capital investments.

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