GrowGeneration (GRWG) Operating Expenses (2015 - 2026)
GrowGeneration's (GRWG) quarterly Operating Expenses came in at $15.0 million in Q1 2026, down 23.37% YoY from $19.6 million in Q1 2025, and down 10.22% on a QoQ basis from $16.7 million in Q4 2025.
GrowGeneration (GRWG) Operating Expenses (2015 - 2026) Analysis & Trends
GrowGeneration (GRWG) has 12 years of Operating Expenses data on file, last reported at $15.0 million in Q1 2026.
- Quarterly Operating Expenses fell 23.37% year-over-year to $15.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $64.3 million (up 3.66% YoY) and the FY2025 annual result came in at $68.9 million, up 71.3% from the prior year.
- Operating Expenses retreated to $15.0 million in Q1 2026, from $16.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $74.8 million in Q4 2023 to a low of -$158.1 million in Q4 2022.
- A 5-year average of $9.8 million and a median of $15.7 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 333.96% — and 2023, when it soared 147.31%.
- Tracing GRWG's Operating Expenses over 5 years: stood at -$158.1 million in 2022, then soared by 147.31% to $74.8 million in 2023, then tumbled by 87.54% to $9.3 million in 2024, then jumped by 79.29% to $16.7 million in 2025, then declined by 10.22% to $15.0 million in 2026.
- The last three Operating Expenses figures came in at $15.0 million (Q1 2026), $16.7 million (Q4 2025), and $15.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 730.02 Mn |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 819.36 Mn |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 1.02 Bn |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 1.73 Bn |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 1.22 Bn |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 273.28 Mn |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 6.50 Bn |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 645.00 Mn |
| 10 | GrowGeneration | 106.75 Mn | 65.74 Mn | 12.32 Mn | 14.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.66 Mn |
| Mar 31, 2026 | 15.01 Mn |
| Dec 31, 2025 | 16.71 Mn |
| Sep 30, 2025 | 15.70 Mn |
| Jun 30, 2025 | 16.87 Mn |
| Mar 31, 2025 | 19.58 Mn |
| Dec 31, 2024 | 9.32 Mn |
| Sep 30, 2024 | 22.90 Mn |
| Jun 30, 2024 | 10.21 Mn |
| Mar 31, 2024 | 21.80 Mn |
| Dec 31, 2023 | 74.81 Mn |
| Sep 30, 2023 | 11.66 Mn |
| Jun 30, 2023 | 23.44 Mn |
| Mar 31, 2023 | 12.62 Mn |
| Dec 31, 2022 | -158.14 Mn |
| Sep 30, 2022 | 26.43 Mn |
| Jun 30, 2022 | 13.77 Mn |
| Mar 31, 2022 | 14.53 Mn |
| Dec 31, 2021 | 67.59 Mn |
| Sep 30, 2021 | 14.84 Mn |