GrowGeneration Corp
NASDAQ:GRWG
Income Statement
Earnings Waterfall
GrowGeneration Corp
Revenue
|
225.9m
USD
|
Cost of Revenue
|
-159.8m
USD
|
Gross Profit
|
66.1m
USD
|
Operating Expenses
|
-95.3m
USD
|
Operating Income
|
-29.3m
USD
|
Other Expenses
|
-17.2m
USD
|
Net Income
|
-46.5m
USD
|
Income Statement
GrowGeneration Corp
Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||
Revenue |
4
N/A
|
4
+23%
|
5
+26%
|
7
+24%
|
8
+19%
|
9
+14%
|
11
+24%
|
13
+16%
|
14
+10%
|
16
+12%
|
19
+19%
|
24
+23%
|
29
+23%
|
38
+30%
|
50
+33%
|
64
+27%
|
80
+26%
|
100
+25%
|
124
+24%
|
157
+27%
|
193
+23%
|
250
+29%
|
333
+33%
|
394
+18%
|
423
+7%
|
414
-2%
|
360
-13%
|
314
-13%
|
278
-12%
|
253
-9%
|
246
-3%
|
231
-6%
|
226
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(10)
|
(11)
|
(12)
|
(15)
|
(18)
|
(23)
|
(29)
|
(37)
|
(46)
|
(58)
|
(72)
|
(91)
|
(116)
|
(142)
|
(183)
|
(241)
|
(283)
|
(304)
|
(299)
|
(260)
|
(231)
|
(200)
|
(181)
|
(177)
|
(164)
|
(160)
|
|
Gross Profit |
1
N/A
|
1
+50%
|
2
+33%
|
2
+19%
|
2
-5%
|
2
+28%
|
3
+26%
|
3
+17%
|
3
-3%
|
4
+15%
|
4
+13%
|
5
+26%
|
6
+19%
|
9
+41%
|
13
+46%
|
17
+33%
|
22
+26%
|
27
+24%
|
33
+21%
|
41
+25%
|
51
+24%
|
68
+32%
|
92
+36%
|
111
+21%
|
118
+6%
|
115
-3%
|
100
-13%
|
84
-16%
|
78
-7%
|
72
-8%
|
69
-4%
|
67
-3%
|
66
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||
Operating Expenses |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(11)
|
(12)
|
(15)
|
(17)
|
(21)
|
(28)
|
(32)
|
(36)
|
(43)
|
(49)
|
(67)
|
(87)
|
(103)
|
(115)
|
(118)
|
(115)
|
(110)
|
(241)
|
(99)
|
(97)
|
(95)
|
|
Selling, General & Administrative |
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(12)
|
(14)
|
(16)
|
(19)
|
(27)
|
(31)
|
(35)
|
(40)
|
(45)
|
(60)
|
(77)
|
(91)
|
(100)
|
(101)
|
(98)
|
(93)
|
(88)
|
(84)
|
(81)
|
(79)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(4)
|
(7)
|
(10)
|
(13)
|
(15)
|
(17)
|
(17)
|
(17)
|
(17)
|
(16)
|
(16)
|
(17)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(136)
|
0
|
0
|
0
|
|
Operating Income |
(1)
N/A
|
(1)
-20%
|
(1)
-17%
|
(1)
+14%
|
(0)
+33%
|
(1)
-50%
|
(1)
-33%
|
(1)
-63%
|
(3)
-115%
|
(3)
-4%
|
(3)
-10%
|
(3)
-3%
|
(4)
-30%
|
(3)
+26%
|
(1)
+56%
|
0
N/A
|
2
+433%
|
(1)
N/A
|
1
N/A
|
5
+571%
|
8
+79%
|
18
+117%
|
25
+37%
|
25
-2%
|
15
-39%
|
0
-99%
|
(19)
N/A
|
(31)
-69%
|
(32)
-3%
|
(169)
-425%
|
(30)
+82%
|
(31)
-1%
|
(29)
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
3
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(128)
|
(128)
|
(136)
|
0
|
(8)
|
(8)
|
(21)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
1
|
3
|
4
|
1
|
|
Pre-Tax Income |
(1)
N/A
|
(1)
-20%
|
(1)
-17%
|
(1)
+14%
|
(0)
+33%
|
(1)
-50%
|
(1)
-33%
|
(1)
-63%
|
(3)
-92%
|
(3)
-32%
|
(4)
-18%
|
(4)
-8%
|
(5)
-21%
|
(4)
+24%
|
(2)
+51%
|
(0)
+95%
|
1
N/A
|
(1)
N/A
|
1
N/A
|
5
+586%
|
9
+79%
|
18
+114%
|
25
+37%
|
25
N/A
|
15
-40%
|
1
-95%
|
(146)
N/A
|
(159)
-9%
|
(167)
-5%
|
(166)
+0%
|
(35)
+79%
|
(34)
+2%
|
(46)
-36%
|
|
Net Income | ||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
(5)
|
(8)
|
(7)
|
(2)
|
1
|
4
|
6
|
3
|
1
|
1
|
0
|
(0)
|
|
Income from Continuing Operations |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(4)
|
(2)
|
(0)
|
1
|
(1)
|
1
|
3
|
5
|
14
|
18
|
18
|
13
|
1
|
(142)
|
(153)
|
(164)
|
(165)
|
(34)
|
(34)
|
(46)
|
|
Net Income (Common) |
(1)
N/A
|
(1)
-20%
|
(1)
-17%
|
(1)
+14%
|
(0)
+33%
|
(1)
-50%
|
(1)
-33%
|
(1)
-63%
|
(3)
-92%
|
(3)
-32%
|
(4)
-18%
|
(4)
-8%
|
(5)
-21%
|
(4)
+24%
|
(2)
+51%
|
(0)
+95%
|
1
N/A
|
(1)
N/A
|
1
N/A
|
3
+460%
|
5
+89%
|
14
+155%
|
18
+30%
|
18
+4%
|
13
-30%
|
1
-89%
|
(142)
N/A
|
(153)
-8%
|
(164)
-7%
|
(165)
-1%
|
(34)
+79%
|
(34)
0%
|
(46)
-36%
|
|
EPS (Diluted) |
-0.05
N/A
|
-0.06
-20%
|
-0.08
-33%
|
-0.07
+13%
|
-0.05
+29%
|
-0.04
+20%
|
-0.04
N/A
|
-0.08
-100%
|
-0.18
-125%
|
-0.19
-6%
|
-0.13
+32%
|
-0.16
-23%
|
-0.22
-38%
|
-0.11
+50%
|
-0.08
+27%
|
-0.02
+75%
|
0.04
N/A
|
-0.02
N/A
|
0.01
N/A
|
0.04
+300%
|
0.11
+175%
|
0.22
+100%
|
0.3
+36%
|
0.31
+3%
|
0.21
-32%
|
0.02
-90%
|
-2.33
N/A
|
-2.52
-8%
|
-2.69
-7%
|
-2.71
-1%
|
-0.56
+79%
|
-0.56
N/A
|
-0.76
-36%
|