GrowGeneration Tops Q2 Revenue, Swings to Positive Adjusted EBITDA, and Lifts Full-Year Profit Outlook
GRWG sits 51% above its 52-week low of $1.005.
Summary
GrowGeneration posted Q2 2026 revenue of $43.2M, exceeding estimates, and achieved positive Adjusted EBITDA. Full-year profit guidance was raised, underscoring accelerating momentum in its commercial and proprietary-brand strategy.
Key Events · Earnings and Guidance · GRWG
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Q2 Revenue Beat
Net sales hit $43.2M, up 5.5% year-over-year and 12.6% sequentially, surpassing the $42.06M consensus.
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Profitability Turnaround
The net loss narrowed to $2.0M from $4.8M a year ago. Adjusted EBITDA swung to a gain of $0.3M from a loss of $1.3M, driven by a higher proprietary brand mix and cost reductions.
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Raised Full-Year Guidance
The Adjusted EBITDA outlook was increased to $2M-$3M, up from a prior implied breakeven, with Q3 revenue guided to $44M-$46M.
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Proprietary Brand Milestone
Proprietary brands reached 39.7% of Cultivation and Gardening revenue, up 770 bps year-over-year, putting the company on track for 40% by year-end.
Analysis · GRWG · Trade & Services
A standout Q2 saw revenue reach $43.2M, beating consensus, while Adjusted EBITDA swung to a positive $0.3M — a $1.6M year-over-year improvement. Confidence in sustained profitability prompted management to raise full-year Adjusted EBITDA guidance to $2M-$3M. The balance sheet remains robust with $41M in cash and no debt, fully supporting the ongoing $10M buyback program. This marks the third consecutive quarter of revenue growth, fueled by commercial B2B and proprietary brands, which now contribute nearly 40% of cultivation revenue. The results affirm the turnaround strategy and set the stage for continued margin expansion.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 966 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GRWG was trading at $1.52 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $89.5M. The 52-week trading range was $1.01 to $2.40. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.