Grown Rogue International Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Grown Rogue International Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2017
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2023
FY2024
FY2025
Revenue
0.16
1.93
3.92
4.24
9.38
17.8
23.4
3.64
27
32.4
Cost of revenue
13.4
18.3
Gross profit
0.99
-0.41
0.85
1.85
6.1
8.12
12.7
2.37
13.2
14.1
Research and development
0.01
0.03
General and administrative
10.6
11.6
Operating expenses
13.2
14.7
Operating income
-0.14
-4.97
-7.62
-1.57
0.7
0.96
4.25
0.06
-0.59
Interest expense
0.08
0.15
Other non-operating income
-12.2
5.43
Pre-tax income
-9.48
-2.36
-0.86
0.67
-0.29
-12.1
4.83
Income tax
0.15
0.25
0.37
3.86
1.6
Net income to minority interests
-0.18
-0.08
1.4
-0.03
-0.13
-0.03
-1.5
Net income
-0.3
-7.51
-9.48
-2.36
-1.01
0.42
-0.66
-16
3.23
EBITDA
1.05
0.11
EPS, basic
-0.08
0.01
EPS, diluted
-0.08
0.01
Shares, basic (weighted)
209
243
Shares, diluted (weighted)
209
251
Balance sheet
FY2017
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
0.45
0.83
0.07
0.22
1.11
1.58
8.86
6.8
4.92
10.1
Receivables
0.26
1.56
2.91
Inventory
1.38
0.94
1.12
3.31
3.13
4.49
5.02
5.94
7.08
Other current assets
0.7
0.56
Total current assets
2.87
1.43
1.83
6.71
7.91
17.4
15.6
13.1
22.2
Property, plant and equipment
1.04
2.08
2.29
3.07
8.83
12.8
16.2
16.6
14
14.1
Lease right-of-use assets
0.05
7.59
13.4
Goodwill
0.25
0.25
Other non-current assets
0.2
0.3
Total assets
5.37
2.93
3.76
14.2
16.4
30.2
29.6
45.6
62.7
Accounts payable
2.38
1.53
1.06
1.77
1.82
0.1
0.07
2.69
1.26
Short-term debt
2.58
Total current liabilities
3.32
4.14
1.8
3.86
5.32
13
11.8
19.6
5.72
Long-term debt
2.07
10
Lease liabilities
0.1
0.01
0.02
1.74
1.28
2.09
1.97
6.7
13
Other non-current liabilities
5.01
8.38
Total liabilities
5.61
4.36
4.71
7.09
7.43
17.6
16.3
35.1
38.8
Total debt
0.86
2.3
12.6
Retained earnings
-0.3
-7.81
-17.1
-19.4
21.8
-21.4
-21
-20.4
-43.3
-41.6
Other comprehensive income
-0.13
-0.12
Shareholders' equity
-0.25
-1.45
-0.91
5.09
6.93
11.6
12.3
8.95
20.9
Minority interests
0.02
-0.03
2.03
2.01
0.98
1.01
1.63
3.02
Total equity
-0.3
-0.25
-1.43
-0.95
7.12
8.94
12.5
6.82
10.6
23.9
Total liabilities and equity
5.37
2.93
3.76
14.2
16.4
30.2
29.6
45.6
62.7
Cash flow statement
FY2017
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2023
FY2024
FY2025
Net income
-0.3
-7.51
-9.48
-2.36
-1.01
0.42
-0.66
-16
3.23
Depreciation and amortization
0.99
0.7
Stock-based compensation
1.61
2.39
Deferred income tax
-1.38
-1.12
Cash from operations
-0.7
-2.35
-3.43
-0.29
-0.24
2
5.73
2.61
3.57
Capital expenditures
-0.72
-1.06
-0.22
-0.56
-2.05
-1.11
-1.46
-4.08
-4.66
Purchases of investments
-0.83
-0.74
Cash from investing
-0.76
-1.1
-0.26
-0.65
-2.73
-1.11
-2.89
-8.97
-6.87
Debt issued
0.45
12.6
Debt repaid
-1.14
-2.47
Stock issued
0.36
0.41
Cash from financing
1.91
3.82
2.94
1.08
3.86
-0.42
4.43
4.49
9.75
Exchange rate effect
-0.02
0
Net change in cash
-1.89
6.45
Free cash flow
-1.42
-3.41
-3.64
-0.85
-2.29
0.89
4.27
-1.47
-1.09
Interest paid
0.64
0.77
Income taxes paid
0.39
0.65
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.47 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
43.6%
Gross profit / revenue.
Operating margin
-1.8%
Operating income / revenue.
EBITDA margin
0.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
14.9%
Pre-tax income / revenue.
Net margin
10.0%
Net income / revenue.
FCF margin
-3.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
11.0%
Cash from operations / revenue.
Effective tax rate
33.2%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
21.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
6.0%
Net income / average total assets.
Return on invested capital (ROIC)
-2.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
7.4%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
14.4%
Capital expenditures / revenue.
D&A / revenue
2.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
20.0%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
6.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-1,089.0%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-89.7%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
36.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
133.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
37.5%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
19.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.87x
Current assets / current liabilities.
Quick ratio
2.27x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.76x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.60x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
20.1%
Total debt / total assets.
Liabilities / assets
61.9%
Total liabilities / total assets.
Net debt
$2.5M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
23.1x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
FCF conversion
-33.7%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
130.5%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.01
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.01
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.13
Revenue / diluted weighted shares.
FCF per share
-$0.00
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.01
Cash from operations / diluted weighted shares.
Book value per share
$0.08
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
36.1x
Market cap / net income. Only when net income is positive.
P/S
3.59x
Market cap / revenue.
P/B
5.58x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
5.58x
Market cap / tangible book value, when positive.
P/OCF
32.7x
Market cap / cash from operations, when positive.
EV/Sales
3.67x
Enterprise value / revenue.
EV/EBITDA
1,095x
Enterprise value / EBITDA, when both are positive.
FCF yield
-0.9%
Free cash flow / market cap.
Earnings yield
2.8%
Net income / market cap (the inverse of P/E).
What was Grown Rogue International Inc.'s revenue in fiscal 2025?
Grown Rogue International Inc. reported revenue of $32.4M for fiscal 2025, 20% higher than the year before.
Was Grown Rogue International Inc. profitable in fiscal 2025?
Yes. Net income was $3.2M, a net margin of 10%.
How much free cash flow did Grown Rogue International Inc. generate in fiscal 2025?
Cash from operations of $3.6M minus capital expenditures of $4.7M left free cash flow of -$1.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.