urban-gro, Inc.

urban-gro, Inc. is a U.S.-based integrated professional services and design-build company serving controlled environment agriculture, industrial, healthcare, and other commercial sectors. Its work combines architectural, engineering, construction management, procurement, and equipment integration for indoor cultivation and other specialized facilities.

5

— urban-gro, Inc.
%
CEA design-build55% Planning, designing, and constructing indoor cultivation facilities for specialty crops.
Equipment systems25% Supplying and integrating environmental and cultivation equipment into facilities.
Professional services15% Architectural, engineering, consulting, and project management services.
Other commercial design-build5% Design-build and consulting work for industrial, healthcare, and government clients.

The company sells to operators building indoor cultivation facilities for leafy greens, vegetables, herbs, and...

  • Controlled Environment Agriculture operatorsprimary

    Buy design-build, engineering, and equipment integration for indoor growing facilities.

  • Specialty crop growersprimary

    Need facilities for leafy greens, vegetables, herbs, and plant-based medicines.

  • Commercial and governmental clientssecondary

    Purchase planning, consulting, architectural, and construction design-build services.

  • Industrial and healthcare facility ownerssecondary

    Use the company for specialized facility design and construction management.

urban-gro is headquartered in the United States and serves U.S. commercial and governmental customers through its...

  • •Headquartered and primarily operated in the United States
  • •Project work follows customer facility locations rather than a fixed retail footprint
  • •No country-level revenue split was disclosed in the excerpts
  • •Exposure is tied to U.S. construction and CEA project demand

The company’s strategy centers on being a single point of accountability across design, construction, procurement, and...

01
Integrated turnkey deliverymedium-term

Combining services reduces client coordination burden and differentiates the company in complex projects.

02
Broaden end marketsmedium-term

Serving non-CEA commercial and governmental clients can diversify demand beyond indoor agriculture.

03
Lifecycle client supportlong-term

Facility optimization and environmental health services can extend relationships after construction.

The business is exposed to project timing, customer concentration, and demand swings in controlled environment...

high

Project concentration and timing risk

Revenue depends on a limited number of design-build and equipment projects that can shift between periods.

Scope
Construction design-build and equipment systems
Materiality
high
high

Controlled environment agriculture demand risk

CEA customers often rely on project financing and market conditions for specialty crop facilities.

Scope
Indoor cultivation projects
Materiality
high
high

Liquidity and working-capital risk

Negative working capital and low cash can constrain vendor payments and project delivery.

Scope
Operating cash needs and contract execution
Materiality
high
medium

Legal and contract dispute risk

The company has disclosed ongoing litigation related to design drawings and contract claims.

Scope
Design-build and intellectual property-related disputes
Materiality
medium
medium

Construction execution and cost overrun risk

Fixed-price or tightly scoped projects can suffer margin pressure if labor or materials move unfavorably.

Scope
Design-build contracts and procurement
Materiality
medium
Revenue recognition on design-build contracts
Affects quarterly revenue, gross margin, and backlog conversion
Allowance for doubtful accounts and bad debt
Affects operating expenses and net receivables
Discontinued operations
Affects comparability of net income and cash flow
Asset foreclosure and impairment losses
Affects non-operating expense and equity
Working-capital classification
Affects current ratio and short-term solvency analysis

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: 29/04/2026