GrowGeneration Corp. (NASDAQ: GRWG), a leading supplier of specialty products for controlled environment agriculture, has announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported net sales of $161.7 million for the full year, a decrease from $188.9 million in the prior year, primarily due to retail store consolidations. However, proprietary brand sales as a percentage of cultivation and gardening net sales increased to 32.8%, up from 24.2% in the previous year. The fourth quarter saw net sales of $37.8 million, a slight increase from $37.4 million in Q4 2024. The company also reported a significant improvement in its GAAP net loss, which narrowed to $7.4 million in Q4 2025 from $23.3 million in Q4 2024. Adjusted EBITDA loss improved to $2.0 million from $8.1 million year-over-year. In a strategic move, the Board of Directors has authorized a share repurchase program of up to $10 million, which is expected to commence following the completion of customary administrative and regulatory processes. The company anticipates revenue for 2026 to be in the range of $162 million to $168 million, with a goal of achieving breakeven Adjusted EBITDA. CEO Darren Lampert emphasized the company's focus on operational efficiency and growth in proprietary brand sales, positioning GrowGeneration for a stronger performance in the upcoming year.

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