# Urban-Gro Inc. (UGRO)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $2M  
**Price:** $2.89 (+5.09%)

> Urban-Gro Inc. is an integrated professional services and design-build firm specializing in controlled environment agriculture (CEA) and various commercial sectors. It designs, engineers, builds, and integrates complex environmental equipment systems for indoor CEA cultivation facilities, including lighting, fertigation, irrigation, environmental controls, pest management, and water treatment solutions, primarily serving the medical and recreational cannabis industry where legalized. The company offers architectural and interior design, engineering, construction management, general contracting, and systems procurement and integration services. Urban-Gro Inc. also provides value-added reselling of equipment such as LED lighting to CEA operators and extends its expertise to industrial, healthcare, hospitality, education, and other commercial projects, including hospital designs, school campus enclosures, and restaurant construction management. With operations across the United States, Canada, and Europe, it delivers comprehensive solutions from pre-construction programming to project execution. Incorporated in Delaware and headquartered in Lafayette, Colorado, Urban-Gro Inc. supports diverse clients through its equipment systems sales, professional services, and construction design-build contracts.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $17M | $174,554 | -$18M | -$22M | — |
| 2024 | $40M | -$388,731 | -$28M | -$36M | — |
| 2023 | $70M | $10M | -$23M | -$25M | — |
| 2022 | $66M | $12M | -$15M | -$15M | — |
| 2021 | $62M | $15M | -$204,744 | -$875,667 | — |
| 2020 | $26M | $6M | -$3M | -$5M | — |
| 2019 | $24M | $7M | -$6M | -$8M | — |
| 2018 | $20M | $6M | -$4M | -$4M | — |
| 2017 | $12M | $3M | -$2M | -$3M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $331,947 | $45M | -$45M | — | — |
| 2024 | $19M | $44M | -$25M | — | — |
| 2023 | $50M | $39M | $10M | — | — |
| 2022 | $60M | $29M | $31M | — | — |
| 2021 | $74M | $26M | $45M | $35M | — |
| 2020 | $8M | $16M | -$7M | $184,469 | $1M |
| 2019 | $7M | $12M | -$5M | $1M | — |
| 2018 | $6M | $10M | -$4M | $1M | — |
| 2017 | $5M | $6M | -$1M | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $840,796 | $298,215 | $542,581 |
| 2024 | -$3M | $131,387 | -$3M |
| 2023 | -$11M | $540,494 | -$11M |
| 2022 | -$13M | $675,277 | -$13M |
| 2021 | -$2M | $292,428 | -$2M |
| 2020 | -$4M | $175,965 | -$4M |
| 2019 | -$2M | $192,954 | -$3M |
| 2018 | -$2M | $369,480 | -$3M |
| 2017 | $244,661 | $204,494 | $40,167 |

Source: [CompaniesByCap](https://companiesbycap.com/company/UGRO)