- Adjusted EBITDA was negative $1.3 million, slightly worse than negative $1.1 million last year, but improved $2.7 million sequentially due to cost reductions.
- Cash and equivalents ended at $48.7 million with no debt, supporting liquidity and growth initiatives.
- GrowGeneration reported Q2 2025 net revenue of $41 million, exceeding guidance by $1 million but down from $53.5 million in Q2 2024 due to a smaller retail footprint and weaker B2C demand.
- MMI Storage Solutions segment revenue grew 69% sequentially to $8.1 million, contributing positively to diversification.
- Net loss improved to $4.8 million or negative $0.08 per share from $5.9 million or negative $0.10 per share in Q2 2024.
- Operating expenses declined significantly with store and other operating expenses down 23% and SG&A down 13.4% year-over-year.
- Proprietary brand sales increased to 32% of total revenue, up from 21.5% in Q2 2024, driving gross margin expansion to 28.3% from 26.9% year-over-year.
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Dafinchi