Quarterly ResultAug 6, 2026, 04:23 PM
Grove Collaborative Q2 Adjusted EBITDA $0.5M; Net Loss $0.9M
AI Summary
Grove Collaborative Holdings, Inc. reported its second-quarter 2026 financial results, achieving positive Adjusted EBITDA of $0.5 million, marking the third consecutive quarter of profitability on this metric. The company's net loss significantly narrowed to $0.9 million from $3.6 million year-over-year. Total net revenue was $36.6 million, a 16.9% decrease year-over-year but a 1.0% sequential increase. Grove reaffirmed its full-year 2026 guidance for net revenue and Adjusted EBITDA.
Key Highlights
- Q2 Adjusted EBITDA was positive $0.5 million, up from negative $0.9 million year-over-year.
- Q2 Net Loss narrowed to $0.9 million, compared to $3.6 million in the prior year period.
- Total Net Revenue for Q2 was $36.6 million, a 16.9% decrease year-over-year but a 1.0% sequential increase.
- Operating Cash Flow was positive $1.3 million, up from $1.0 million in the prior year period.
- Reaffirmed full-year Net Revenue guidance of $142.5 million to $152.5 million.
- Reaffirmed full-year Adjusted EBITDA guidance of breakeven to positive low single digit millions.
- DTC Net Revenue Per Order increased 6.1% year-over-year to $69.19.
- Plastic Intensity improved to 0.84 pounds per $100 in net revenue from 0.93 pounds.
Price Impact
More from GROV