Quarterly ResultAug 6, 2026, 04:32 PM
Grove Collaborative Q2 Net Loss Narrows to $0.92M; Operating Cash Positive
AI Summary
Grove Collaborative Holdings, Inc. reported a significant reduction in net loss for Q2 2026, narrowing to $0.92 million from $3.63 million in Q2 2025. Revenue for the quarter decreased by 16.9% to $36.57 million. For the first six months of 2026, the company achieved positive net cash flow from operating activities of $0.59 million, a substantial improvement from a $5.89 million outflow in the prior year period. The company believes its existing cash and cash equivalents will fund operations for at least one year but anticipates needing additional capital long-term.
Key Highlights
- Q2 2026 net loss narrowed to $0.92 million from $3.63 million in Q2 2025.
- Q2 2026 revenue decreased 16.9% to $36.57 million from $44.03 million in Q2 2025.
- H1 2026 net loss narrowed to $1.93 million from $7.17 million in H1 2025.
- H1 2026 net cash provided by operating activities was $0.59 million, up from $(5.89) million used in H1 2025.
- Cash and cash equivalents were $8.35 million as of June 30, 2026.
- Outstanding debt under Siena Revolver was $7.5 million with $0.4 million additional capacity.
- Accumulated deficit reached $662.16 million as of June 30, 2026.
Price Impact
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