StocksMediumUpdated×2•Originally published 10 November 2026•Updated 11 November 2026•
1 min read
GrowGeneration Q3 Results Miss Earnings Estimates Despite Tariff Refund Boost
Key Facts
1GrowGeneration reported positive GAAP net income of $0.2 million in Q3, compared to a net loss of $2.4 million in the prior year.
2Gross profit margin expanded by 520 basis points to 32.4%, driven by a 19.3% increase in proprietary brand sales.
3The company narrowed its full-year revenue guidance to a range of $163 million to $165 million.
GrowGeneration reported break-even quarterly earnings per share for the third quarter of 2026, missing the Zacks Consensus Estimate of $0.01 per share. GlobeNewswire reported that the company achieved a net income of $0.2 million, bolstered by $2.6 million in tariff refunds, compared to a net loss of $2.4 million in the prior year.
The company's gross profit margin expanded to 32.4%, a 520-basis-point increase supported by a 19.3% rise in proprietary brand sales. In equity markets, GRWG closed at $1.57 on November 9, 2026, trading between $1.51 and $1.6 during the session, as the firm narrowed its full-year revenue guidance to between $163 million and $165 million.