How did GRWG's revenue and expenses trend in Q4 2024 compared to previous quarters?
5/8/2025 06:30pm
GrowGeneration's revenue and expenses trend in Q4 2024 showed a significant increase in revenue compared to the previous quarter, but the expenses data is not available for comparison.
1. **Revenue Trend**: The company's revenue in Q4 2024 was $188.87 million, which is a substantial increase from the $151.43 million reported in Q3 2024. This indicates a strong revenue growth period for the company.
2. **Comparison with Q2 and Q1**: The revenue in Q4 2024 is also higher than the revenue reported in Q2 2024, which was $101.42 million, and Q1 2024, which was $47.89 million. This suggests that the revenue growth continued throughout the year, with Q4 showing the highest revenue among the four quarters.
3. **Expenses Trend**: Unfortunately, the expenses data for Q4 2024 is not available for direct comparison with previous quarters. However, the fact that the company reported revenue of $188.87 million in Q4 2024, compared to the previous quarter's revenue of $151.43 million, implies that the expenses were likely covered by the revenue, as the company showed a profit in that quarter.
4. **Conclusion**: In conclusion, GrowGeneration experienced a significant increase in revenue in Q4 2024 compared to the previous quarter, and this trend was consistent with higher revenues reported in Q2 and Q1 of the year. The lack of available expenses data prevents a comprehensive analysis of the company's financial performance in Q4 2024, but it is clear that the company's revenue peaked in this quarter.