GrowGeneration Corp. (GRWG) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, GRWG scores 28 out of 100 with a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The Fundamental Cash Engine pillar scores 1 of 20, reflecting ROIC of -30.1% and an FCF yield of -10.69%; for a prospective investor, this means the business is currently not generating returns on invested capital or free cash that would support valuation from operations. The Whale 13F Flow pillar scores 8 of 20 on institutional accumulation and options positioning, suggesting limited institutional conviction as an upside driver. The Insider Conviction pillar scores 3 of 20 based on SEC Form 4 and Congressional PTR cluster flow, which is the weakest signal of insider confidence in the framework. The Macro Regime Fit pillar scores 8 of 20 with a beta of 1.0, meaning market-level moves are expected to translate roughly one-for-one into the stock's price. The Forensic Balance Sheet pillar scores 8 of 20, anchored by an Altman Z-Score of 0.2, a Piotroski F-Score of 4/9, and a Debt/Equity ratio of 0.5. Taken together, the sub-scores indicate that the rating is driven primarily by weak cash generation and distress-level forensic metrics rather than by any single factor. Valuation tradeoffs are difficult to assess because P/E and EPS are not available in source data, so the framework's negative verdict rests on operating and balance-sheet indicators rather than earnings multiples.

Per the SEC financials, revenue declined from $225.9M in FY 2023 to $188.9M in FY 2024 and $161.7M in FY 2025, while operating losses were $-49.8M, $-52.0M, and $-25.6M across the same periods. Per the Market Data section, operating margin is -15.8%, net margin is -14.9%, and ROIC is -30.1%. The Roarable RQD rating cites an Altman Z-Score of 0.2 and a Piotroski F-Score of 4/9, with a Debt/Equity ratio of 0.5. Free cash flow was negative in FY 2025 and FY 2024 and positive only in FY 2023 at $1.4M.

Per the recent news section, five items were flagged, all rated YELLOW under the MARKET WIRE impact label. Headlines reference a Yahoo! Finance Canada market report, a StockInvest.us forecast, a Yahoo Finance Australia quote page, a Kalkine Media piece framing cannabis supply ahead of earnings, and an ad-hoc-news.de item stating that GrowGeneration acquired Order Junky and that three analysts rate the stock Strong Buy. One item reports the stock slipping 1.29% to $1.53 near the lower end of its recent range. Risk watch items are the sustained losses and negative FCF documented in the SEC financials. Proprietary signals in the Butterfly graph are Not available in source data, as the graph lists no links and no signals.

• What are GRWG's reported EPS, P/E, and EV/EBITDA figures, given that these are Not available in source data?
• What is the debt balance, since FY 2025 and FY 2024 debt are listed as N/A?
• What portion of the Altman Z-Score and Piotroski F-Score deterioration is attributable to specific line items in the SEC financials?
• What specific supply-chain links and proprietary signals exist, given the Butterfly graph reports none?
• Which analyst firms underlie the Strong Buy headline, and what are their price targets?