Grove Collaborative Holdings, Inc. reported first-quarter 2026 net revenue of $36.2 million, down from $43.5 million a year earlier, reflecting lower order volumes after reduced advertising and prior ecommerce platform disruptions. Net loss narrowed sharply to $1.0 million from $3.5 million as operating expenses fell, including fulfillment and advertising.
Gross margin improved to 55% from 53%, and Adjusted EBITDA turned positive at $0.3 million, or a 0.8% margin, compared with a $1.6 million loss last year. The company ended March 31, 2026 with $7.2 million in cash and cash equivalents and total debt of $7.5 million under its Siena Revolver, leaving $1.7 million of additional borrowing capacity.
DTC Total Orders declined to 502,000 from 622,000, and DTC Active Customers fell to 553,000 from 678,000, but DTC Net Revenue Per Order edged up to $67.79 from $66.49 on more targeted promotions and higher-priced baskets. Management states that existing cash and the Siena Revolver should fund operations for at least one year, but over the longer term the company expects to need additional debt or equity financing. The notes also disclose an ongoing investigation by a California district attorneys’ task force into certain marketing and renewal practices, for which a loss is considered probable but not yet reasonably estimable.
Grove Collaborative Holdings, Inc. reported first-quarter 2026 net revenue of $36.2 million, down from $43.5 million a year earlier, reflecting lower order volumes after reduced advertising and prior ecommerce platform disruptions. Net loss narrowed sharply to $1.0 million from $3.5 million as operating expenses fell, including fulfillment and advertising.
Gross margin improved to 55% from 53%, and Adjusted EBITDA turned positive at $0.3 million, or a 0.8% margin, compared with a $1.6 million loss last year. The company ended March 31, 2026 with $7.2 million in cash and cash equivalents and total debt of $7.5 million under its Siena Revolver, leaving $1.7 million of additional borrowing capacity.
DTC Total Orders declined to 502,000 from 622,000, and DTC Active Customers fell to 553,000 from 678,000, but DTC Net Revenue Per Order edged up to $67.79 from $66.49 on more targeted promotions and higher-priced baskets. Management states that existing cash and the Siena Revolver should fund operations for at least one year, but over the longer term the company expects to need additional debt or equity financing. The notes also disclose an ongoing investigation by a California district attorneys’ task force into certain marketing and renewal practices, for which a loss is considered probable but not yet reasonably estimable.
Grove Collaborative Holdings, Inc. reported first quarter 2026 net revenue of $36.2 million, down 16.8% year-over-year, but delivered positive Adjusted EBITDA of $0.3 million with a 0.8% margin. Net loss narrowed to $1.0 million from $3.5 million a year earlier, reflecting lower operating expenses and higher gross margin of 54.8%, up 180 basis points.
Operating cash flow improved to a $0.7 million outflow from $6.9 million, while cash, cash equivalents and restricted cash totaled $10.4 million as of March 31, 2026. Direct-to-consumer total orders fell 19.2% and active customers declined 18.5%, but net revenue per order rose 2.0% to $67.79 and plastic intensity improved to 0.84 pounds per $100 in net revenue.
The company raised full‑year 2026 net revenue guidance to a range of $142.5 million to $152.5 million and now expects Adjusted EBITDA between breakeven and positive low single‑digit millions, reiterating that first quarter 2026 marked the expected net revenue trough with sequential improvement anticipated for the remaining quarters of 2026.
Grove Collaborative Holdings, Inc. reported first quarter 2026 net revenue of $36.2 million, down 16.8% year-over-year, but delivered positive Adjusted EBITDA of $0.3 million with a 0.8% margin. Net loss narrowed to $1.0 million from $3.5 million a year earlier, reflecting lower operating expenses and higher gross margin of 54.8%, up 180 basis points.
Operating cash flow improved to a $0.7 million outflow from $6.9 million, while cash, cash equivalents and restricted cash totaled $10.4 million as of March 31, 2026. Direct-to-consumer total orders fell 19.2% and active customers declined 18.5%, but net revenue per order rose 2.0% to $67.79 and plastic intensity improved to 0.84 pounds per $100 in net revenue.
The company raised full‑year 2026 net revenue guidance to a range of $142.5 million to $152.5 million and now expects Adjusted EBITDA between breakeven and positive low single‑digit millions, reiterating that first quarter 2026 marked the expected net revenue trough with sequential improvement anticipated for the remaining quarters of 2026.
Grove Collaborative Holdings, Inc. has called its 2026 annual stockholder meeting for June 18, 2026 at 8:00 a.m. Pacific Time as a virtual-only event. Stockholders will vote on electing three Class I directors to terms running to the 2029 meeting and on ratifying Baker Tilly US, LLP as independent auditor for the year ending December 31, 2026.
Holders of 42,028,075 shares of Class A common stock, 10,000 shares of Series A Preferred Stock and 15,000 shares of Series A' Preferred Stock outstanding as of April 24, 2026 may vote together as a single class, with preferred shares carrying high vote multiples. A majority of the combined 54,528,172 votes is needed for quorum.
The proxy details board structure, committee roles and 2025 compensation. Chief Executive Officer Jeff Yurcisin received $1,307,110 in 2025 total compensation, primarily from restricted stock units, while no annual bonuses were paid under the 2025 incentive plan because revenue and adjusted EBITDA targets were not met. The filing also discloses director retainers and extensive equity-based incentives, including RSUs and PSUs with stock-price hurdles.
Grove Collaborative Holdings, Inc. has called its 2026 annual stockholder meeting for June 18, 2026 at 8:00 a.m. Pacific Time as a virtual-only event. Stockholders will vote on electing three Class I directors to terms running to the 2029 meeting and on ratifying Baker Tilly US, LLP as independent auditor for the year ending December 31, 2026.
Holders of 42,028,075 shares of Class A common stock, 10,000 shares of Series A Preferred Stock and 15,000 shares of Series A' Preferred Stock outstanding as of April 24, 2026 may vote together as a single class, with preferred shares carrying high vote multiples. A majority of the combined 54,528,172 votes is needed for quorum.
The proxy details board structure, committee roles and 2025 compensation. Chief Executive Officer Jeff Yurcisin received $1,307,110 in 2025 total compensation, primarily from restricted stock units, while no annual bonuses were paid under the 2025 incentive plan because revenue and adjusted EBITDA targets were not met. The filing also discloses director retainers and extensive equity-based incentives, including RSUs and PSUs with stock-price hurdles.
Grove Collaborative Holdings, Inc. Chief Legal Officer and Secretary Gary Scott Giesler filed an initial ownership report showing his equity position. The filing lists direct holdings of 143,845 shares of Class A Common Stock and multiple Restricted Stock Unit (RSU) awards, each RSU representing a contingent right to one share of Class A Common Stock. These RSUs cover 38,200, 17,500, 55,633, 41,667, and 137,931 underlying shares, with an exercise price of $0.00 and vesting in installments on the company’s standard quarterly vesting dates beginning in 2025 and 2026.
Grove Collaborative Holdings, Inc. Chief Legal Officer and Secretary Gary Scott Giesler filed an initial ownership report showing his equity position. The filing lists direct holdings of 143,845 shares of Class A Common Stock and multiple Restricted Stock Unit (RSU) awards, each RSU representing a contingent right to one share of Class A Common Stock. These RSUs cover 38,200, 17,500, 55,633, 41,667, and 137,931 underlying shares, with an exercise price of $0.00 and vesting in installments on the company’s standard quarterly vesting dates beginning in 2025 and 2026.
Grove Collaborative Holdings, Inc. reports that it has regained compliance with the New York Stock Exchange’s quantitative continued listing standard. The NYSE notified the company that, as of March 17, 2026, it meets the minimum market capitalization and stockholders’ equity requirements of Section 802.01B of the NYSE Listed Company Manual.
Grove Collaborative Holdings, Inc. reports that it has regained compliance with the New York Stock Exchange’s quantitative continued listing standard. The NYSE notified the company that, as of March 17, 2026, it meets the minimum market capitalization and stockholders’ equity requirements of Section 802.01B of the NYSE Listed Company Manual.
Yurcisin Jeffrey Michael reported acquisition or exercise transactions in this Form 4 filing.
Grove Collaborative Holdings, Inc. President & CEO Jeffrey Michael Yurcisin received a grant of 397,552 restricted stock units on March 6, 2026. Each RSU represents a contingent right to receive one share of Class A common stock.
The RSUs will vest in twelve equal installments on each February 15, May 15, August 15 and November 15 of each year, beginning on May 15, 2026. Vesting accelerates after a change in control if his services are terminated by the company without cause or he resigns for good reason. The RSUs have no expiration date.
Yurcisin Jeffrey Michael reported acquisition or exercise transactions in this Form 4 filing.
Grove Collaborative Holdings, Inc. President & CEO Jeffrey Michael Yurcisin received a grant of 397,552 restricted stock units on March 6, 2026. Each RSU represents a contingent right to receive one share of Class A common stock.
The RSUs will vest in twelve equal installments on each February 15, May 15, August 15 and November 15 of each year, beginning on May 15, 2026. Vesting accelerates after a change in control if his services are terminated by the company without cause or he resigns for good reason. The RSUs have no expiration date.
Siragusa Thomas reported acquisition or exercise transactions in this Form 4 filing.
Grove Collaborative Holdings, Inc. reported that its CFO, Thomas Siragusa, received a grant of 137,931 restricted stock units (RSUs) on March 6, 2026. Each RSU represents a contingent right to receive one share of Class A common stock and has no expiration date.
The RSUs will vest in twelve equal installments on each February 15, May 15, August 15, and November 15 of each year, beginning on May 15, 2026, subject to continued service. Vesting accelerates after a change in control if his service is terminated without cause or he resigns for good reason.
Siragusa Thomas reported acquisition or exercise transactions in this Form 4 filing.
Grove Collaborative Holdings, Inc. reported that its CFO, Thomas Siragusa, received a grant of 137,931 restricted stock units (RSUs) on March 6, 2026. Each RSU represents a contingent right to receive one share of Class A common stock and has no expiration date.
The RSUs will vest in twelve equal installments on each February 15, May 15, August 15, and November 15 of each year, beginning on May 15, 2026, subject to continued service. Vesting accelerates after a change in control if his service is terminated without cause or he resigns for good reason.
Grove Collaborative Holdings, Inc. is a public benefit, sustainability-focused consumer products company that sells its own Grove brands and over 400 third-party natural home, beauty, personal care and wellness products primarily through a direct-to-consumer ecommerce platform.
In the year ended December 31, 2025, approximately 41% of net revenue came from Grove brands, with 73% of that from home care products. The company has operated at a loss, with an accumulated deficit of $660.2 million as of December 31, 2025, and net losses of $11.7 million in 2025 and $27.4 million in 2024.
Revenue has declined for three consecutive years, including decreases of about 15% in 2025 and 22% in 2024 versus prior years, driven by lower advertising spend, an ecommerce platform migration and a shift toward Adjusted EBITDA profitability. Grove exited brick-and-mortar retail in 2025 and continues to pursue third-party ecommerce channels. The company may need additional financing and has an amended standby equity purchase agreement allowing discretionary common stock sales, subject to share caps and market conditions.
Grove Collaborative Holdings, Inc. is a public benefit, sustainability-focused consumer products company that sells its own Grove brands and over 400 third-party natural home, beauty, personal care and wellness products primarily through a direct-to-consumer ecommerce platform.
In the year ended December 31, 2025, approximately 41% of net revenue came from Grove brands, with 73% of that from home care products. The company has operated at a loss, with an accumulated deficit of $660.2 million as of December 31, 2025, and net losses of $11.7 million in 2025 and $27.4 million in 2024.
Revenue has declined for three consecutive years, including decreases of about 15% in 2025 and 22% in 2024 versus prior years, driven by lower advertising spend, an ecommerce platform migration and a shift toward Adjusted EBITDA profitability. Grove exited brick-and-mortar retail in 2025 and continues to pursue third-party ecommerce channels. The company may need additional financing and has an amended standby equity purchase agreement allowing discretionary common stock sales, subject to share caps and market conditions.
Grove Collaborative Holdings, Inc. reported fourth quarter 2025 revenue of $42.4 million, down 14.3% year-over-year, as fewer direct-to-consumer orders followed reduced advertising and ecommerce platform disruptions. This was partly offset by $2.9 million of QVC revenue tied to the 8Greens acquisition.
Despite lower sales, profitability improved sharply. Gross margin rose to 53.0%, operating expenses fell 29.7% to $24.1 million, and net loss narrowed to $1.6 million from $12.6 million. Adjusted EBITDA turned positive at $1.6 million with breakeven operating cash flow, while cash, cash equivalents, and restricted cash totaled $11.8 million.
For full year 2025, revenue was $173.7 million, down 14.6%, but net loss improved to $11.7 million and operating expenses declined 20.7%. Plastic Intensity improved to 0.90 pounds per $100 of revenue. For 2026, Grove expects net revenue of $140–$150 million and approximately breakeven Adjusted EBITDA, with revenue troughing in the first quarter and improving as its ecommerce platform stabilizes and customer experience metrics recover.
Grove Collaborative Holdings, Inc. reported fourth quarter 2025 revenue of $42.4 million, down 14.3% year-over-year, as fewer direct-to-consumer orders followed reduced advertising and ecommerce platform disruptions. This was partly offset by $2.9 million of QVC revenue tied to the 8Greens acquisition.
Despite lower sales, profitability improved sharply. Gross margin rose to 53.0%, operating expenses fell 29.7% to $24.1 million, and net loss narrowed to $1.6 million from $12.6 million. Adjusted EBITDA turned positive at $1.6 million with breakeven operating cash flow, while cash, cash equivalents, and restricted cash totaled $11.8 million.
For full year 2025, revenue was $173.7 million, down 14.6%, but net loss improved to $11.7 million and operating expenses declined 20.7%. Plastic Intensity improved to 0.90 pounds per $100 of revenue. For 2026, Grove expects net revenue of $140–$150 million and approximately breakeven Adjusted EBITDA, with revenue troughing in the first quarter and improving as its ecommerce platform stabilizes and customer experience metrics recover.
Grove Collaborative Holdings, Inc. President & CEO Jeffrey Michael Yurcisin reported multiple equity transactions involving restricted stock units (RSUs) and Class A Common Stock on February 15, 2026. Several RSU awards were exercised for shares at a price of $0.00 per share, and portions of the resulting stock were withheld by the company to cover tax obligations at $1.52 per share. After these exercises and tax-withholding dispositions, he directly held 562,026 shares of Class A Common Stock.
Grove Collaborative Holdings, Inc. President & CEO Jeffrey Michael Yurcisin reported multiple equity transactions involving restricted stock units (RSUs) and Class A Common Stock on February 15, 2026. Several RSU awards were exercised for shares at a price of $0.00 per share, and portions of the resulting stock were withheld by the company to cover tax obligations at $1.52 per share. After these exercises and tax-withholding dispositions, he directly held 562,026 shares of Class A Common Stock.