Grocery Outlet Holding Corp. (GO) Income Statement
GO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGO revenue and net income
Where GO's revenue goes
2025Each bar shows an amount and its share of revenue. GO kept −4.8% of revenue as net income.
GO profit margins
GO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.3% | +9.4% | +8.4% | — |
| Gross profit | +7.4% | +9.1% | +7.8% | — |
| Operating income | −383.1% | — | — | — |
| Net income | −669.9% | — | — | — |
| EPS (diluted) | −1.3% | −9.6% | −12.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GO quarterly EPS vs estimates
Grocery Outlet beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.11).
GO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.69B | $4.37B | $3.97B | $3.58B | $3.08B | $3.13B | $2.56B | $2.29B | $2.08B | $1.83B |
| Cost of revenue | $3.27B | $3.05B | $2.73B | $2.49B | $2.13B | $2.16B | $1.77B | $1.59B | $1.44B | $1.27B |
| Gross profit | $1.42B | $1.32B | $1.24B | $1.09B | $948.8M | $973.3M | $787.1M | $695.4M | $631.9M | $561.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.33B | $1.22B | $1.12B | $997.1M | $859.7M | $810.5M | $697.1M | $567.5M | $511.8M | $460.0M |
| Total operating expenses | $1.64B | $1.24B | $1.12B | $997.1M | $859.7M | $866.0M | $718.8M | $612.9M | $554.9M | $497.1M |
| Operating income | −$221.7M | $78.3M | $125.8M | $95.0M | $89.1M | $107.4M | $68.3M | $82.5M | $76.9M | $64.1M |
| Interest income | $4.9M | $6.7M | $6.4M | $3.4M | $1.3M | $1.8M | $2.0M | $1.4M | $1.1M | $961,000 |
| Interest expense | $32.4M | $28.9M | $24.0M | $21.4M | $16.8M | $21.8M | $47.9M | $56.7M | $50.8M | $48.1M |
| Income before taxes | −$249.2M | $56.2M | $104.1M | $75.7M | $77.5M | $87.1M | $16.8M | $21.9M | $25.8M | $16.9M |
| Income taxes | −$24.3M | $16.7M | $24.6M | $10.7M | $15.2M | −$19.6M | $1.4M | $6.0M | $5.2M | $6.7M |
| Net income | −$224.9M | $39.5M | $79.4M | $65.1M | $62.3M | $106.7M | $15.4M | $15.9M | $20.6M | $10.2M |
| EBITDA | −$86.4M | $193.3M | $216.1M | $175.4M | $165.4M | $167.0M | $112.3M | $129.5M | $120.1M | $101.2M |
| EPS (diluted) | $0.76 | $0.77 | $1.08 | $1.03 | $0.90 | $1.52 | $0.78 | $0.21 | $0.30 | — |
| Gross margin | 30.3% | 30.2% | 31.3% | 30.5% | 30.8% | 31.1% | 30.8% | 30.4% | 30.4% | 30.6% |
| Operating margin | −4.7% | 1.8% | 3.2% | 2.7% | 2.9% | 3.4% | 2.7% | 3.6% | 3.7% | 3.5% |
| Net margin | −4.8% | 0.9% | 2.0% | 1.8% | 2.0% | 3.4% | 0.6% | 0.7% | 1.0% | 0.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.17B | $1.22B | $1.17B | $1.18B | $1.13B | $1.10B | $1.11B | $1.13B | $1.04B | $989.8M | $1.00B |
| Cost of revenue | $832.0M | $821.2M | $854.2M | $813.0M | $819.1M | $783.1M | $774.0M | $763.3M | $779.3M | $733.0M | $690.9M | $688.2M |
| Gross profit | $360.7M | $345.2M | $361.0M | $355.1M | $360.7M | $342.4M | $323.9M | $344.9M | $349.2M | $303.9M | $298.9M | $315.7M |
| Sales, general & admin | $339.5M | $347.0M | $380.2M | $331.0M | $331.1M | $331.1M | $303.4M | $304.6M | $323.1M | $303.4M | $279.5M | $278.1M |
| Total operating expenses | $345.0M | $523.2M | $595.8M | $332.3M | $326.2M | $365.0M | $312.5M | $304.6M | $323.1M | $303.4M | $279.9M | $278.1M |
| Operating income | $15.8M | −$178.0M | −$234.8M | $22.8M | $34.5M | −$22.5M | $11.4M | $40.3M | $26.1M | $563,000 | $18.9M | $37.6M |
| Interest income | $1.1M | $1.2M | $1.2M | $1.2M | $1.2M | $1.3M | $1.3M | $1.4M | $1.5M | $2.5M | $2.6M | $2.0M |
| Interest expense | $7.7M | $7.5M | $9.0M | $7.9M | $7.8M | $7.6M | $8.1M | $7.6M | $6.9M | $5.7M | $4.0M | $6.2M |
| Income before taxes | $9.2M | −$184.4M | −$242.5M | $16.1M | $6.2M | −$29.0M | $4.4M | $33.8M | $20.5M | −$2.6M | $17.5M | $33.3M |
| Income taxes | $3.6M | −$4.1M | −$24.3M | $4.5M | $1.3M | −$5.7M | $2.1M | $9.7M | $6.5M | −$1.6M | $3.4M | $6.2M |
| Net income | $5.6M | −$180.3M | −$218.2M | $11.6M | $5.0M | −$23.3M | $2.3M | $24.2M | $14.0M | −$1.0M | $14.1M | $27.1M |
| EBITDA | $49.0M | −$145.7M | −$197.8M | $57.4M | $45.3M | $8.5M | $41.4M | $69.3M | $53.9M | $27.7M | $45.6M | $61.2M |
| EPS (diluted) | $0.17 | $0.05 | $0.19 | $0.21 | $0.23 | $0.13 | $0.15 | $0.28 | $0.25 | $0.09 | $0.18 | $0.31 |
| Gross margin | 30.2% | 29.6% | 29.7% | 30.4% | 30.6% | 30.4% | 29.5% | 31.1% | 30.9% | 29.3% | 30.2% | 31.4% |
| Operating margin | 1.3% | −15.3% | −19.3% | 2.0% | 2.9% | −2.0% | 1.0% | 3.6% | 2.3% | 0.1% | 1.9% | 3.7% |
| Net margin | 0.5% | −15.5% | −18.0% | 1.0% | 0.4% | −2.1% | 0.2% | 2.2% | 1.2% | −0.1% | 1.4% | 2.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GO's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GO financial results
In fiscal year 2025 (ended December 31, 2025), Grocery Outlet reported revenue of $4.7 billion, up 7.3% from the year before. It had a net loss of $224.9 million, a net profit margin of −4.8%. Diluted earnings per share came to $0.76. Over five years revenue grew at an average rate of 8.4% a year.
See the GO stock overview for the latest quote and news, or the GO chart for price history and technical indicators.
GO income statement FAQ
What is Grocery Outlet's annual revenue?
Grocery Outlet reported total revenue of $4.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.3% from $4.4 billion the previous year.
Is Grocery Outlet profitable?
No. Grocery Outlet reported a net loss of $224.9 million in fiscal 2025, a net profit margin of −4.8%; its operating margin was −4.7%.
What is Grocery Outlet's gross margin?
Grocery Outlet's gross margin was 30.3% in fiscal 2025: for every $100 of revenue, Grocery Outlet kept $30 after the direct cost of its products and services.
How fast is Grocery Outlet growing?
Revenue grew 8.4% a year on average over the last five fiscal years, from $3.1 billion to $4.7 billion.
What are Grocery Outlet's earnings per share?
Grocery Outlet earned $0.76 per diluted share in fiscal 2025, compared with $0.77 a year earlier.
When will Grocery Outlet report its next earnings?
Grocery Outlet is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Grocery Outlet's fiscal year end?
Grocery Outlet's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.