GrowGeneration Corp. (GRWG) Operating Expenses (2015 - 2026)

On a trailing twelve-month basis, GrowGeneration's Operating Expenses was $62.08 million through Jun 30, 2026, down 30.6% year-over-year; for FY2025, it came in at $68.86 million, down 28.0% from FY2024.

• Operating Expenses has now declined for three consecutive years, though with a five-year compound annual growth rate of 10.1% (FY2020 to FY2025).
• In earlier years, Operating Expenses was $95.69 million in FY2024 (-13.9%), $111.1 million in FY2023 (-53.3%), $238.14 million in FY2022 (+130.7%) and $103.24 million in FY2021 (+142.3%).
• The Q2 2026 figure marks the lowest quarterly Operating Expenses since Q4 2020.
• Compared with a year earlier, Operating Expenses has declined for ten straight quarters, with an average decline of 21.5% over the last eight quarters.
• The best year-over-year quarter for Operating Expenses over five years was Q2 2022 (growth of 501.5%); the worst was Q2 2023 (a decline of 85.1%).
• Per Business Quant data, GRWG's Operating Expenses in the three quarters before Q2 2026 was $15.01 million (Q1 2026), $16.71 million (Q4 2025) and $15.7 million (Q3 2025).