GrowGeneration narrows losses and reaffirms 2026 outlook

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2026.05.12 20:59
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GrowGeneration (GRWG) reported Q1 2026 results with net sales of $38.4 million, a 7.5% increase year-over-year. The company narrowed its GAAP net loss to $4.9 million and cut operating expenses by 23.4%. It reaffirmed its 2026 revenue guidance of $162 million to $168 million and aims for breakeven adjusted EBITDA. Despite a Hold rating from analysts with a $1.25 price target, Spark's AI Analyst views GRWG as Neutral due to ongoing unprofitability but acknowledges a credible path to breakeven. GrowGeneration operates 19 retail locations and serves the controlled environment agriculture market.