Quarterly ResultMay 7, 2026, 04:23 PM
Grove Collaborative Q1 Adjusted EBITDA $0.3M; Raises FY26 Guidance
AI Summary
Grove Collaborative Holdings, Inc. reported its first-quarter 2026 financial results, achieving positive Adjusted EBITDA of $0.3 million, a significant improvement from a loss in the prior year, despite a 16.8% year-over-year decline in net revenue to $36.2 million. The company also raised its full-year 2026 net revenue guidance to $142.5 million-$152.5 million and Adjusted EBITDA guidance to breakeven to positive low single digit millions, expecting sequential revenue growth in the remaining quarters. Operational highlights include the launch of a redesigned mobile app and expanded ingredient standards.
Key Highlights
- Total Net Revenue was $36.2 million, down 16.8% year-over-year.
- Adjusted EBITDA was positive $0.3 million, compared to a loss of $1.6 million last year.
- Net Loss improved to $1.0 million from $3.5 million in the prior year.
- Operating Cash Flow was negative $0.7 million, a significant improvement from negative $6.9 million.
- Full-year 2026 net revenue guidance raised to $142.5 million-$152.5 million.
- Full-year 2026 Adjusted EBITDA guidance raised to breakeven to positive low single digit millions.
- DTC Total Orders declined 19.2% year-over-year to 502,000.
- DTC Net Revenue Per Order increased 2.0% year-over-year to $67.79.