Grove Collaborative Holdings, Inc. (GROV) Form 10-Q — Aug 6, 2026
Grove Collaborative's Q2 2026 revenue fell 17% year over year to $36.6 million, with DTC orders down to 489,000 from 640,000 and active customers down to 509,000 from 664,000, driven by sharply lower advertising spend and lingering disruption from the 2025 e-commerce platform migration. The cost cuts are showing up in profitability: net loss narrowed to $0.9 million from $3.6 million a year earlier, and the company posted positive Adjusted EBITDA of $0.5 million (1.3% margin) versus a $0.9 million loss in Q2 2025, plus $0.6 million of positive operating cash flow for the first half.
Key figures
- Revenue
- 36569000
- Total Debt
- 7500000
- Revenue Yoy
- -17%
- Total Assets
- 50789000
- Cash Position
- 8345000
- Shares Outstanding
- 42701046
- Six Month Revenue
- 72793000
- Dtc Total Orders q2
- 489000
- Accumulated Deficit
- 662158000
- Dtc Active Customers
- 509000
- Gross Margin q2 2026
- 54%
- Warrant Exercise Price
- 57.5
- Dtc Net Revenue Per Order
- 69.19
- Adjusted EBITDA q2 2026
- 461000
- Shares Reserved For Issuance
- 30871450
- Preferred Stock Carrying Value
- 24772000
- Inventory Purchase Commitments
- 11900000
- Adjusted EBITDA margin q2 2026
- 1.3%
- Siena Revolver Additional Capacity
- 400000
- Operating Cash Flow six Months 2026
- 592000
- Sepa Remaining Capacity jul31 2026
- approximately $6.8 million
- Fair Value Of Common Stock jun30 2026
- 1.28
- Cumulative Undeclared Preferred Dividends
- 3300000
Price after filing
Close on the filing date to close N calendar days later (from $1.10). Historical, not a forecast.
AI analysis
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