GrowGeneration Corp. filed its Form 10-Q for the quarter ended September 30, 2026, with the SEC on November 10, 2026, reporting a return to net income in the third quarter after nine-month losses.

Key Highlights

  • Third-quarter net income: GrowGeneration reported net income of $237 thousand for the three months ended September 30, 2026, compared to a net loss of $2,437 thousand in the same period of 2025, according to the filing.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $6,698 thousand, compared to a net loss of $16,625 thousand in the first nine months of 2025.
  • Quarterly net sales: Net sales for the three months ended September 30, 2026 were $44,783 thousand, down from $47,254 thousand in the third quarter of 2025.
  • Nine-month net sales: Net sales for the nine months ended September 30, 2026 were $126,389 thousand, up from $123,920 thousand in the comparable 2025 period.
  • Gross profit improvement: Third-quarter gross profit was $14,526 thousand, compared to $12,856 thousand in the third quarter of 2025.
  • Share repurchases: The company repurchased shares during the second and third quarters of 2026, with total repurchase activity of $1,010 thousand in each of those quarters, as disclosed in the statements of stockholders' equity.
  • Shares outstanding: As of November 4, 2026, there were 58,618,995 shares of common stock outstanding, the filing stated.

GrowGeneration's Financial Position for the September 2026 Quarter

According to the Form 10-Q filed with the SEC, GrowGeneration Corp. (NASDAQ:GRWG) reported net income of $237 thousand for the three months ended September 30, 2026, a shift from the net loss of $2,437 thousand recorded in the third quarter of 2025. The company attributed the quarterly improvement in part to a reduction in cost of sales, which fell to $30,257 thousand from $34,398 thousand in the prior-year quarter, and lower store operations and other operational expenses of $6,384 thousand versus $7,245 thousand a year earlier.

For the nine-month period ended September 30, 2026, the company reported a net loss of $6,698 thousand, narrower than the $16,625 thousand net loss recorded in the same nine months of 2025. Total operating expenses for the nine months were $44,244 thousand, down from $52,147 thousand in the comparable 2025 period, with depreciation and amortization declining notably to $4,301 thousand from $8,921 thousand. Loss from operations for the nine-month period was $(7,658) thousand, compared to $(17,990) thousand in the prior-year period.

The company's balance sheet as of September 30, 2026, showed total assets of $141,212 thousand and total stockholders' equity of $89,729 thousand, compared to $147,040 thousand in total assets and $97,499 thousand in stockholders' equity at December 31, 2025. Cash and cash equivalents stood at $26,012 thousand at quarter end, down from $30,406 thousand at year-end 2025. The accumulated deficit reached $288,405 thousand as of September 30, 2026, up from $279,689 thousand at December 31, 2025. During the quarter, the company also cancelled 1,408,453 shares of common stock, as reflected in the stockholders' equity table.

What Was Disclosed

GrowGeneration Corp. disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026, including balance sheet data, income statement figures, cash flow information, and equity activity including share repurchases and cancellations.