Grove Collaborative Holdings, Inc.

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.

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.

Grove Collaborative Holdings, Inc. announced the resignation of its Chief Financial Officer, Tom Siragusa, effective August 16, 2026. The company stated that his departure is not due to any disagreements and has initiated a search for a successor. Additionally, the company held its 2026 annual meeting of stockholders, where three Class I directors were elected and Baker Tilly US, LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.

Grove Collaborative Holdings, Inc. reported a 16.8% decrease in net revenue to $36.2 million for Q1 2026, down from $43.5 million in Q1 2025. Despite the revenue decline, the company significantly narrowed its net loss to $1.0 million, an improvement from a $3.5 million net loss in the prior year period. Cash used in operating activities also saw a substantial improvement, decreasing from $6.8 million to $0.7 million. The company maintains $7.2 million in cash and cash equivalents and has $1.7 million in additional borrowing capacity under its Siena Revolver.

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.

Grove Collaborative Holdings, Inc. will hold its 2026 Annual Meeting of Stockholders virtually on June 18, 2026. Stockholders will vote on the election of three Class I director nominees and the ratification of Baker Tilly US, LLP as the independent registered public accounting firm for 2026. The company also disclosed changes in its independent auditors, with Moss Adams LLP merging into Baker Tilly in June 2025, and EY being dismissed in October 2024.