EarningsQ2 2026 Earnings Report
MX:GRWG Q2 2026 EPS Results
Actual EPS-$0.55
Consensus EPS-$0.65
Beat/MissBeat by +$0.11
One Year Ago EPS-$1.45
MX:GRWG Q2 2026 Revenue Results
Actual Revenue$785.57M
Expected Revenue$777.06M
Beat/MissBeat by +$8.51M
YoY Revenue Growth+5.50%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
MX:GRWG Upcoming Earnings
GrowGeneration's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GRWG Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted substantial operational progress: consecutive revenue growth, meaningful margin expansion, positive adjusted EBITDA, early achievement of proprietary brand penetration targets, significant expense reductions, a debt-free balance sheet with $41M cash, and an upgraded adjusted EBITDA outlook. Dampeners include some reliance on a >$2M tariff refund to boost full-year EBITDA, modest headwinds in Storage Solutions gross profit from project mix and transportation costs, a YoY increase in SG&A tied to growth investments, and ongoing GAAP losses. Overall the positives — stronger revenue quality, margin improvement, cost cuts, and balance sheet strength — materially outweigh the caveats.Company Guidance
Third Consecutive Quarter of Revenue Growth
Total revenue of $43.2M in Q2 2026, up 12.6% sequentially and up 5.5% year-over-year from $41.0M in Q2 2025.
Proprietary Brand Penetration Reached Target Early
Proprietary brands represented ~39.7% (~40%) of cultivation and gardening revenue in Q2, up from 32% in the prior year period and meeting the company's year-end target halfway through the year.
Gross Margin Expansion
Total company gross margin improved to 28.5% in Q2 2026, a sequential improvement of 310 basis points from 25.4% last quarter and slightly higher than 28.3% in the prior year period.
Positive Adjusted EBITDA and Upgraded Full-Year Guidance
Returned to positive adjusted EBITDA of $0.3M in Q2 (a $1.6M improvement YoY from a $1.3M loss) and raised full-year adjusted EBITDA guidance to $2M–$3M (previously ~breakeven).
Expense Reductions and Improved Operating Leverage
Store and other operating expenses declined approximately 21.9%–22% year-over-year; total operating expenses decreased ~13.1% YoY, demonstrating cost reduction benefits.
Improved GAAP Loss
GAAP net loss narrowed to $2.0M (−$0.03 per share) in Q2 versus a net loss of $4.8M (−$0.08 per share) in the prior year quarter, a $2.8M year-over-year improvement.
Strong Balance Sheet and Capital Return Activity
Ended the quarter with $41M of cash, no debt. Repurchased 700,000 shares in Q2 at an average price of $1.38 and have ~ $9M remaining under a $10M buyback authorization.
MMI Storage Solutions Provides Diversification
MMI Storage Solutions generated $8.3M in revenue in Q2, contributing to diversification into industrial, agricultural, and specialty end markets and expected steady growth through 2026.
Affirmed Revenue Guidance and Q3 Outlook
Reaffirmed full-year net revenue guidance of $162M–$168M and guided Q3 revenue of $44M–$46M while expecting positive adjusted EBITDA in Q3.
MX:GRWG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed