Grove Collaborative Holdings Inc (GROV)

Grove Collaborative Releases 2025 Annual Sustainability Report, Advancing Leadership in Plastic Reduction and Human Health StandardsMay 13, 2026 11:00 AM
Business Wire Company reduces plastic footprint for the third consecutive year, expands ingredient standards to more than 10,000 banned and restricted ingredients, and deepens its commitment to the intersection of human and environmental health Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), the world’s first plastic neutral retailer, leading sustainable consumer products company, Certified B Corporation, and Public Benefit Corporation, today launched its Sustainability Report for 2025. The report delivers a comprehensive update on Grove’s progress across plastic reduction, ingredient safety, climate action, forest conservation, and equity and belonging — reflecting the Company’s deepening commitment to the intersection of human and environmental health, and its mission to transform the consumer products industry into a positive force for people and the planet. “We are building a platform that brings together high standards, broad assortment, and operational efficiency to serve millions of households. As we grow, we will continue to raise the bar for product safety, expand our impact on plastic reduction, and earn the trust of customers who increasingly expect more from companies.”
— Jeff Yurcisin, CEO, Grove Collaborative Key highlights from the 2025 Sustainability Report can be found below. To read the full report and its progress on commitments across Beyond Plastic™, Healthier Homes, Climate Action & Emissions, Forests & Fiber, and Equity & Belonging, please click here. Go Beyond Plastic™ 2025 marked Grove’s strongest year of plastic reduction, with the Company reducing its total plastic footprint to 1.52 million lbs. — a 41% reduction from the 2023 baseline — and achieving a new company-low plastic intensity of 0.90 lbs. per $100 of net revenue. Since 2020, Grove has surpassed 18.7 million lbs. of nature-bound plastic collected through rePurpose Global, while customers purchasing plastic-reducing products have helped avoid over 8.5 million lbs. of plastic to date. Beyond Plastic™ Assortment: 76% of Grove Co. SKUs now qualify under the Beyond Plastic™ standard, with net revenue from 100% Plastic Free products reaching 32% for 2025 — up from 26% in 2024. Packaging Innovation: Launched FSC-certified paperboard gabletop refill cartons for Grove Co. hand soap, dish soap, laundry detergent, and fabric softeners — a lower-carbon alternative to previous aluminum packaging — and introduced home-compostable toilet bowl cleaner pod packaging using FSC-certified paper pouch and cellulose film. Grove also reduced third-party brand plastic intensity on Grove.com from 1.01 to 0.87 lbs. per $100 of net revenue from 2024 to 2025, demonstrating that Grove’s impact as a marketplace extends well beyond its own brand. In partnership with 5 Gyres, Grove’s Spring 2025 limited edition collection raised funds to advance microplastics research, reinforcing the Company’s view that plastic reduction is inseparable from human health. Human and Environmental Health Sustainability isn’t just about protecting the planet — it’s about protecting the people who call it home. In 2025, Grove expanded its Healthier Homes initiative, building what it believes to be the most comprehensive product vetting and curation standards in retail. Ingredient Standards: Expanded Grove’s banned and restricted ingredient list to more than 10,000 ingredients — including over 3,000 outright banned — covering hormone disruptors, microplastics, skin sensitizers, and indoor air quality concerns, informed by leading EU safety frameworks. Expanded Assortment: Grew the marketplace by more than 40%, adding 100+ brands across cleaning, personal care, and wellness, with 300+ vetted brands now spanning 80 categories — including over 750 vitamin and supplement products hand-picked by Grove Wellness Advisors. More than 96% of customers report trusting Grove to provide safe, healthy products, and nearly 80% say shopping with Grove has changed their daily habits toward more sustainable choices.1 Grove also published a library of science-backed Healthier Home Guides — covering topics from microplastics to safer pest control and refillable systems — to help customers make more informed decisions for their families. Climate Action & Emissions Grove continues to advance against its science-based targets approved by SBTi, committing to reduce Scope 1 GHG emissions by 42% by 2030 and sourcing 100% renewable electricity annually. Grove Impact Network: Launched a new program to help brands and suppliers on the Grove platform set and measure climate goals, beginning direct outreach with the Company’s largest suppliers to co-develop emissions reduction strategies. Sustainable AI: Became one of the first companies in its industry to disclose and measure its AI-related carbon footprint in partnership with Gravity, an open-source methodology now available for broader industry adoption. Additional Highlights In 2025, Grove customers contributed to 25,914 trees planted, 13,327 acres of land conserved, and 354,782 lbs. of plastic collected through Environmental Impact Shop partners. The Company made $327,423 in 2025 charitable donations and continued prioritizing products from women, BIPOC, LGBTQ+, and veteran-owned or -founded businesses across its assortment. About Grove Collaborative Holdings, Inc. Grove Collaborative Holdings, Inc. (NYSE: GROV) is the one-stop online destination for everyday essentials that create a healthier home and planet. Everything Grove sells meets a higher standard — from health to sustainability and performance — so you get great value without compromising your values. As a B Corp and Public Benefit Corporation, every order is carbon neutral and supports plastic waste cleanup initiatives. Shopping with purpose starts at Grove.com. 1 March 2026 internal survey of 1,050 active Grove customers. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513891729/en/ Investor Relations Contact
ir@grove.co Media Relations Contact
pr@grove.co Original: Grove Collaborative Releases 2025 Annual Sustainability Report, Advancing Leadership in Plastic Reduction and Human Health Standards

Grove Announces First Quarter 2026 Financial ResultsMay 7, 2026 4:10 PM
Business Wire Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or the “Company”), the world’s first plastic neutral retailer and a leading sustainable consumer products company, certified B Corporation, and Public Benefit Corporation, today reported financial results for its fiscal first quarter ended March 31, 2026. Key First Quarter 2026 Financial 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 in the same period last year Net Loss was $1.0 million, compared to a Net Loss of $3.5 million in the same period last year Operating Cash Flow was negative $0.7 million, compared to negative $6.9 million in the same period last year Raising full-year 2026 net revenue guidance to $142.5 million to $152.5 million and Adjusted EBITDA guidance to breakeven to positive low single digit millions Sequential Net Revenue growth expected in each remaining quarter “We executed with discipline in the first quarter, delivering positive Adjusted EBITDA even as net revenue reached its expected trough. That outcome reflects deliberate choices: maintaining disciplined advertising spend while stabilizing the customer experience, and letting the leaner cost structure flow through to the bottom line. What gives us confidence as we look ahead is the quality of what we're seeing underneath the surface: repeat order rates among recent customer cohorts are performing at levels consistent with what we saw prior to the ecommerce migration, and customer acquisition costs justify a gradual increase in investment. We intend to scale spend strategically, increasing as we maintain efficiency and prioritize advertising paybacks and lifetime value. The most visible milestone in the quarter was the launch of our redesigned mobile application. With approximately half of non-autoship orders being placed through the app, mobile is one of the most important shopping channels for our customers - which is precisely why we made the decision to rebuild it internally. The result is a 5-star app that our customers deserve and that we now fully control, giving us the flexibility to improve and personalize it as we grow. We also continued to deepen Grove's commitment to human health. In the first quarter, we expanded our ingredient standards to more than 10,000 banned or restricted ingredients — including more than 3,000 that are outright banned across every category we carry. This is what differentiates Grove: not just a curated assortment, but a platform customers can trust to make the hard calls on their behalf. With the first quarter behind us, we are raising both top and bottom line guidance and still expect sequential Net Revenue improvement through the remainder of 2026.” First Quarter 2026 Financial Results (All comparisons are versus the quarter ended March 31, 2025 except where otherwise noted) Net Revenue was $36.2 million, a decline of 16.8% year-over-year. The decline was primarily driven by a smaller active customer base entering the year — reflecting the compounding impact of lower advertising investment in 2024 and 2025 and customer attrition associated with the ecommerce platform disruptions experienced throughout 2025 — as well as continued disciplined advertising investment in the first quarter, consistent with the strategy to prioritize profitability and customer experience stabilization before re-accelerating growth. Gross Margin was 54.8%, an increase of 180 basis points compared to 53.0% in the first quarter of 2025. The improvement was primarily driven by more targeted promotional activity, enabled in part by the Grove Green Rewards loyalty program launched in the fourth quarter of 2025. Grove Green Rewards has enabled a shift away from broad discounting toward more efficient incentives. Operating Expenses were $20.8 million, a decrease of 21.9% compared to $26.6 million in the prior-year period. The decline reflects the full-quarter benefit of the reduction in force executed in November 2025, lower advertising expense consistent with the current strategy, and lower fulfillment costs on reduced order volume. Net Loss was $1.0 million, or (2.8%) Net Loss margin, compared to a net loss of $3.5 million, or (8.1%) Net Loss margin, in the prior-year period. The year-over-year improvement reflects lower operating expenses. Adjusted EBITDA was positive $0.3 million, or 0.8% margin, compared to negative $1.6 million, or (3.7%) margin, in the prior-year period. This marks the second consecutive quarter of positive Adjusted EBITDA and reflects the continued focus on operating discipline as the Company completes the stabilization of the ecommerce platform. Operating Cash Flow was negative $0.7M for the quarter, primarily reflecting an increase in inventory to support ongoing operational execution, offset by the timing of payables. This compares favorably to negative $6.9 million in the prior-year period, which included a larger net loss, working capital investment in M&A, and other one-time items that did not reoccur. Cash, Cash Equivalents, and Restricted Cash totaled $10.4 million as of March 31, 2026, down from $11.8 million as of December 31, 2025, primarily reflecting cash used in operating and investing activities, including the development of the recently launched mobile application. First Quarter 2026 Key Metrics:   Three Months Ended
March 31, (in thousands, except DTC Net Revenue Per Order)   2026     2025 Financial and Operating Data       DTC Total Orders   502     622 DTC Active Customers   553     678 DTC Net Revenue Per Order $ 67.79   $ 66.49 Direct to Consumer (DTC) Total Orders were 502,000, a decline of 19.2% year-over-year. The decrease was primarily driven by a smaller active customer base entering the year, reflecting lower advertising investment relative to prior years and customer attrition associated with the 2025 ecommerce platform disruptions, both of which resulted in fewer new customers and, given the recurring nature of the business, fewer repeat orders. DTC Active Customers – defined as the number of customers that have placed an order in the trailing twelve months – totaled 553,000 as of March 31, 2026, a decrease of 18.5% year-over-year. The decline is consistent with the factors described above. DTC Net Revenue Per Order was $67.79, an increase of 2.0% year-over-year. The improvement was driven by a more targeted promotional strategy — including the shift to Grove Green Rewards — and a larger mix of higher-priced items in customer orders, reflecting the continued expansion of assortment in categories such as clean beauty, personal care, and wellness. Plastic Intensity1 – measured as pounds of plastic per $100 in net revenue across all online and retail sales – was 0.84 pounds in the first quarter of 2026, improving from 0.99 pounds the first quarter of 2025. _________________________ 1 Grove defines plastic intensity as pounds of plastic used per $100 in revenue as a way to hold itself accountable for the pace at which it decouples revenue from the use of plastic. To calculate plastic intensity, Grove defines "plastic" as any of the following materials within both products and packaging: plastic resin codes #1-7 (from the ASTM International Resin Identification Coding System), inclusive of polyvinyl alcohol (PVA, PVOH, PVAl), silicone, bioplastics, and any plastic liners, coatings, and resins. 2026 Financial Outlook: For the twelve-month period ending December 31, 2026, Grove is raising its full-year guidance, reflecting improved cohort performance and customer acquisition efficiency. The Company now expects full-year net revenue of approximately $142.5 million to $152.5 million, raised from the prior range of $140 million to $150 million, and Adjusted EBITDA of breakeven to positive low single digit millions, raised from approximately breakeven. First quarter 2026 net revenue represented the expected trough for the year. Grove expects sequential net revenue improvement in each of the remaining three quarters of 2026. Webcast and Conference Call Information: The Company will host an investor conference call and webcast to review these financial results at 5:00pm ET / 2:00pm PT on the same day. The webcast can be accessed at https://investors.grove.co/. The conference call can be accessed by calling 877-413-7205. International callers may dial +1 201-689-8537. A replay of the call will be available until June 4, 2026 and can be accessed by dialing 877-660-6853 or 201-612-7415, access ID: 13760192. The webcast will remain available on the Company’s investor relations website for 30 days following the webcast. About Grove Collaborative Holdings, Inc. Grove Collaborative Holdings, Inc. (NYSE: GROV) is the one-stop online destination for everyday essentials that create a healthier home and planet. Explore thousands of thoughtfully vetted products for every room and everyone in your home, including household cleaning, personal care, health and wellness, laundry, clean beauty, kitchen, pantry, kids, baby, pet care, and beyond. Everything Grove sells meets a higher standard — from health to sustainability and performance — so you get a great value without compromising your values. As a B Corp and Public Benefit Corporation, Grove goes beyond selling products: every order is carbon neutral, supports plastic waste cleanup initiatives, and lets you see and track the positive impact of your choices. Shopping with purpose starts at Grove.com. Forward-Looking Statements This press release contains "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements relating to the intention to scale spend carefully and to maintain efficiency; prioritizing paybacks and customer lifetime value; improved cohort performance and customer acquisition efficiency; first quarter 2026 being the net revenue trough for the year; sequential net revenue improvement in each of the remaining quarters of 2026; and guidance for 2026, including full year 2026 net revenue and Adjusted EBITDA. The forward-looking statements contained in this press release are based on Grove’s current expectations and beliefs in light of the Company’s experience and perception of historical trends, current conditions and expected future developments and their potential effects on the Company as well as other factors believed to be appropriate under the circumstances. There can be no assurance that future developments affecting the Company will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including continued disruption relating to the ecommerce platform migration, changes in business, market, financial, political and legal conditions; legal and regulatory matters and developments; risks relating to the uncertainty of the projected financial information; Grove’s ability to successfully expand its business; competition; risks relating to tariffs, inflation and interest rates; effectiveness of the Company’s ecommerce platform and selling and marketing efforts; demand for Grove products and other brands that it sells and those factors discussed in documents filed, or to be filed, with the U.S. Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. All forward-looking statements in this press release are made as of the date hereof, based on information available to Grove as of the date hereof, and Grove assumes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Non-GAAP Financial Measures Some of the financial information and data contained in this press release, such as Adjusted EBITDA and Adjusted EBITDA margin, have not been prepared in accordance with United States generally accepted accounting principles (“GAAP”). These non-GAAP financial measures, and other measures that are calculated using such non-GAAP measures, are an addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to revenue, operating income, profit before tax, net income or any other performance measures derived in accordance with GAAP. Investors should not consider the non-GAAP financial measures in isolation from, or as a substitute for, GAAP measures. A reconciliation of historical Adjusted EBITDA to Net Income is provided in the tables at the end of this press release. Reconciliations of projected Adjusted EBITDA and projected Adjusted EBITDA Margin to the closest corresponding GAAP measures are not available without unreasonable effort on a forward-looking basis due to the high variability, complexity, and low visibility with respect to the charges excluded from these non-GAAP measures, such as the impact of depreciation and amortization of fixed assets, amortization of internal use software, the effects of net interest expense (income), other expense (income), and non-cash stock based compensation expense. Grove believes these non-GAAP measures of financial results, including on a forward-looking basis, provide useful information to management and investors regarding certain financial and business trends relating to Grove’s financial condition and results of operations. Grove’s management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. Grove believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Grove’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management of Grove does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP measures. Other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore Grove’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Grove calculates Adjusted EBITDA as net loss, adjusted to exclude: stock-based compensation expense; depreciation and amortization; changes in fair values of derivative liabilities; interest income; interest expense; restructuring costs; transaction related costs related to certain strategic merger & acquisition projects; provision for income taxes and certain litigation and legal settlement expenses that we do not consider representative of the underlying operations. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by net revenue. Because Adjusted EBITDA excludes these elements that are otherwise included in the Company’s GAAP financial results, this measure has limitations when compared to net loss determined in accordance with GAAP. Further, Adjusted EBITDA is not necessarily comparable to similarly titled measures used by other companies. For these reasons, investors should not consider Adjusted EBITDA in isolation from, or as a substitute for, net loss determined in accordance with GAAP.   Grove Collaborative Holdings, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In thousands, except per share amounts)     March 31,
2026   December 31,
2025 Assets       Current assets:       Cash and cash equivalents $ 7,160     $ 8,490   Restricted cash, current   2,265       2,300   Inventory   21,479       18,421   Prepaid expenses and other current assets   2,638       5,492   Total current assets   33,542       34,703   Restricted cash, noncurrent   1,002       1,002   Property and equipment, net   3,524       3,653   Intangible assets, net   2,198       2,302   Operating lease right-of-use assets   9,084       9,535   Other long-term assets   1,715       1,899   Total assets $ 51,065     $ 53,094   Liabilities and Stockholders’ Deficit       Current liabilities:       Accounts payable $ 8,685     $ 8,828   Accrued expenses   8,000       9,476   Deferred revenue   5,857       5,033   Debt, current   —       800   Operating lease liabilities, current   3,049       2,895   Other current liabilities   603       665   Total current liabilities   26,194       27,697   Debt, noncurrent   7,500       6,700   Operating lease liabilities, noncurrent   9,225       10,053   Derivative liabilities   772       871   Total liabilities   43,691       45,321           Redeemable convertible preferred stock   24,772       24,772           Stockholders’ deficit:       Common stock   4       4   Additional paid-in capital   643,836       643,226   Accumulated deficit   (661,238 )     (660,229 ) Total stockholders’ deficit   (17,398 )     (16,999 ) Total liabilities, redeemable convertible preferred stock and stockholders’ deficit $ 51,065     $ 53,094       Grove Collaborative Holdings, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share amounts)     Three Months Ended
March 31,     2026       2025   Revenue, net $ 36,224     $ 43,547   Cost of goods sold   16,369       20,483   Gross profit   19,855       23,064           Operating expenses:       Advertising   1,162       2,807   Product development   1,435       1,779   Selling, general and administrative   18,159       21,986   Operating loss   (901 )     (3,508 )         Non-operating expenses (income):       Interest expense   274       346   Changes in fair value of derivative liabilities   (99 )     (144 ) Other income, net   (75 )     (172 ) Total non-operating expenses (income), net   100       30   Loss before provision for income taxes   (1,001 )     (3,538 ) Provision for income taxes   8       9   Net loss $ (1,009 )   $ (3,547 ) Less: Accumulated dividends on redeemable convertible preferred stock   (375 )     (375 ) Net loss attributable to common stockholders, basic and diluted $ (1,384 )   $ (3,922 ) Net loss per share attributable to common stockholders, basic and diluted $ (0.03 )   $ (0.10 ) Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted   40,086,439       38,209,966                   Grove Collaborative Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands)     Three Months Ended March 31,     2026       2025   Cash Flows from Operating Activities       Net loss $ (1,009 )   $ (3,547 ) Adjustments to reconcile net loss to net cash used in operating activities:       Stock-based compensation expense   806       969   Depreciation and amortization   391       378   Changes in fair value of derivative liabilities   (99 )     (144 ) Non-cash interest expense   53       139   Inventory write-down   —       (107 ) Changes in operating assets and liabilities:       Inventory   (3,058 )     (536 ) Prepaids and other assets   3,044       (61 ) Accounts payable   (143 )     (816 ) Accrued expenses   (1,340 )     (2,733 ) Deferred revenue   824       (520 ) Operating lease right-of-use assets and liabilities   (223 )     188   Other liabilities   71       (82 ) Net cash used in operating activities   (683 )     (6,872 )         Cash Flows from Investing Activities       Cash paid for acquisitions   —       (2,848 ) Purchase of property and equipment   (294 )     (541 ) Net cash used in investing activities   (294 )     (3,389 )         Cash Flows from Financing Activities       Payment of issuance costs related to preferred stock and SEPA   —       (15 ) Payment on finance agreement   (192 )     —   Payments related to stock-based award activities, net   (196 )     (521 ) Net cash used in financing activities   (388 )     (536 )         Net decrease in cash, cash equivalents and restricted cash   (1,365 )     (10,797 ) Cash, cash equivalents and restricted cash at beginning of period   11,792       24,304   Cash, cash equivalents and restricted cash at end of period $ 10,427     $ 13,507       Grove Collaborative Holdings, Inc. Non-GAAP Financial Measures (Unaudited) (In thousands, except percentages)     Three Months Ended
March 31,     2026       2025           Reconciliation of Net Loss to Adjusted EBITDA (in thousands, except percentages) Net loss $ (1,009 )   $ (3,547 ) Stock-based compensation   806       969   Depreciation and amortization   391       378   Changes in fair value of derivative liabilities   (99 )     (144 ) Interest income   (75 )     (172 ) Interest expense   274       346   Transaction related costs   —       563   Provision for income taxes   8       9   Total Adjusted EBITDA $ 296     $ (1,598 ) Net loss margin   (2.8 )%     (8.1 )% Adjusted EBITDA margin (loss)   0.8 %     (3.7 )%       View source version on businesswire.com: https://www.businesswire.com/news/home/20260507291700/en/ Investor Relations Contact
ir@grove.co Media Relations Contact
pr@grove.co Original: Grove Announces First Quarter 2026 Financial Results

Grove Collaborative and Oceanic Preservation Society Launch The Unplastic Shop to Help Consumers Reduce Plastic Exposure at HomeMarch 19, 2026 12:28 PM
Business Wire
Launched March 16, the new collection features ~500 vetted products and education to support practical, everyday swaps.


Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), the world’s first plastic neutral retailer, leading sustainable consumer products company, Certified B Corporation, and Public Benefit Corporation, today announced a new partnership with Oceanic Preservation Society (OPS) to launch The Unplastic Shop—an education-led, curated shopping destination designed to help customers reduce plastic exposure where it matters most in everyday routines.


For decades, plastic has been framed primarily as an environmental issue. Microplastics and certain chemical additives used in plastics and personal care products have been detected in human blood, brain tissue, placentas, and breast milk. Emerging science suggests links between some plastic-associated chemicals—including phthalates, BPA, PFAS, and other endocrine-disrupting chemicals (EDCs)—and potential impacts on fertility, cardiovascular health, and reproductive development.


“People are waking up to the reality that plastic isn’t only an environmental issue—it’s increasingly personal,” said Jeff Yurcisin, CEO of Grove Collaborative. “Our customers want clear guidance and better options they can trust. With OPS, we’re proud to launch The Unplastic Shop as a one-stop destination for vetted swaps and education to help families reduce plastic exposure at home—without compromising on performance.”


Unlike a full assortment marketplace, The Unplastic Shop is intentionally curated. The Unplastic Shop features approximately 500 products, each individually reviewed against Grove’s standards and OPS-informed criteria, spanning kitchen, personal care, cleaning, laundry, baby, pet, and household essentials. Key features include room-by-room shopping, education-first content (including “Top 10 Tips to Unplastic Your Life”), and starter sets designed to make switching simpler.


Research suggests repeated, low-level exposure—not one-time contact—is how certain plastic-associated chemicals can enter our bodies over time. That’s why The Unplastic Shop focuses on high-impact upgrades: the products and routines you interact with every day, in the places where exposure can add up fastest—without needing to eliminate plastic overnight. The collection focuses on high-frequency routines—such as food storage, cookware, oral care, hair care, laundry, and household cleaning—where heat, friction, or repeated use may increase exposure over time.


“We’re now finding plastics in our brains, our hearts, our placentas—even in breast milk,” said Louie Psihoyos, Co-Director of The Plastic Detox and Founder of the Oceanic Preservation Society. “And a big part of that exposure comes from products we use every day. Once you realize how many plastic-linked chemicals are in those products, you start asking a simple question: what can I do to reduce my exposure? That’s why we created this campaign—and why we created The Unplastic Shop.”


Products in The Unplastic Shop meet criteria developed in partnership with OPS and Grove’s internal product standards team, prioritizing:



No plastic touches anything you ingest



Free from BPA and “BP” alternatives



Free from PFAS and other “forever chemicals”



Selected to avoid endocrine-disrupting chemicals (EDCs) and other substances associated with hormone disruption



Reduced-plastic packaging or plastic-free alternatives whenever possible



The Unplastic Shop was curated as part of the “Unplastic Your Life” campaign led by OPS—developed to help people move from awareness to action through education, advocacy, and product swaps that reduce plastic exposure and reliance on single-use plastics over time.


To learn more and shop The Unplastic Shop beginning March 16, 2026, visit: www.grove.co/unplastic-shop.


About Grove Collaborative


Grove Collaborative Holdings, Inc. (NYSE: GROV) is the one-stop online destination for everyday essentials that create a healthier home and planet. Explore thousands of thoughtfully vetted products for every room and everyone in your home, including household cleaning, personal care, health and wellness, laundry, clean beauty, kitchen, pantry, kids, baby, pet care, and beyond. Everything Grove sells meets a higher standard — from health to sustainability and performance — so you get a great value without compromising your values. As a B Corp and Public Benefit Corporation, Grove goes beyond selling products: every order is carbon neutral, supports plastic waste cleanup initiatives, and lets you see and track the positive impact of your choices. Shopping with purpose starts at Grove.com.


About Oceanic Preservation Society


The Oceanic Preservation Society (OPS) is a nonprofit organization that uses storytelling and film to inspire action and educate audiences about critical environmental and human health challenges. OPS is the production team behind the documentary The Plastic Detox, now streaming on Netflix. https://opsociety.org/

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319511233/en/
Investor Relations Contact

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Media Relations Contact

pr@grove.co


Original: Grove Collaborative and Oceanic Preservation Society Launch The Unplastic Shop to Help Consumers Reduce Plastic Exposure at Home

Grove Announces Fourth Quarter and Full Year 2025 Financial ResultsMarch 5, 2026 4:10 PM
Business Wire
Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or the “Company”), the world’s first plastic neutral retailer and a leading sustainable consumer products company, certified B Corporation, and Public Benefit Corporation, today reported financial results for its fiscal fourth quarter and year ended December 31, 2025.


Key Fourth Quarter 2025 Financial Highlights:



Total Revenue was $42.4 million, down 14.3% year-over-year



Adjusted EBITDA was $1.6 million, compared to a loss of $1.6 million in the prior-year period



Net Loss was $1.6 million, compared to Net Loss of $12.6 million in the prior-year period



Operating cash flow was breakeven, compared to $0.3 million in the prior-year period



“We finished 2025 in line with our revised revenue and Adjusted EBITDA guidance and returned to positive Adjusted EBITDA in the fourth quarter,” said Jeff Yurcisin, Chief Executive Officer of Grove Collaborative. “That performance reflects the trade-offs we made throughout the year, prioritizing liquidity and Adjusted EBITDA profitability, while we addressed customer experience disruption tied to our ecommerce platform migration. The impacts lasted longer than planned, but we believe we’re past the customer experience low point and are focused on continued stabilization and improvement through 2026.”


“We also advanced key customer-facing initiatives, including the launch of Grove Green Rewards in the fourth quarter and our redesigned mobile application in the first quarter of 2026. These investments are designed to strengthen engagement and retention as we scale growth responsibly.”


Fourth Quarter 2025 Financial Results


(All comparisons are versus the quarter ended December 31, 2024 except where otherwise noted)


Revenue was $42.4 million, a decline of 14.3% year-over-year primarily reflecting fewer orders due to reduced advertising investment and lagging effects from disruptions associated with the Company’s ecommerce platform migration earlier in the year. The revenue decline was partially offset by $2.9 million in QVC revenue from an 8Greens Today’s Special Value program. QVC was an existing 8Greens channel acquired as part of the 8Greens asset acquisition in the first quarter.


Gross Margin was 53.0%, an increase of 60 basis points compared to 52.4% in the fourth quarter of 2024. The increase was primarily driven by lower promotional activity, partially offset by a non-recurring benefit in the prior-year period related to the sell-through of previously reserved inventory.


Operating Expenses were $24.1 million, down 29.7% compared to $34.3 million in the prior year. The decline was driven by ongoing cost optimization initiatives including a reduction in force the Company executed in the fourth quarter, as well as reduced depreciation and amortization, lower fulfillment costs, lower advertising expense, and lower stock-based compensation.


Net Loss was $1.6 million, or (3.7%) Net Loss margin, compared to a net loss of $12.6 million, or (25.5%) Net Loss margin, in the prior-year period. The year-over-year improvement reflects lower operating expenses, with the prior-year quarter including a mostly non-cash loss on extinguishment of debt related to the payoff of the Company’s term loan facility.


Adjusted EBITDA was positive $1.6 million, or 3.7% margin, compared to negative $1.6 million or (3.3%) margin in the prior year.


Operating Cash Flow was breakeven for the quarter, as non-cash expenses more than offset the net loss, partially offset by an increase in working capital. This is compared to $0.3 million in the prior year.


Cash, Cash Equivalents, and Restricted Cash totaled $11.8 million as of December 31, 2025, down from $12.3 million as of September 30, 2025, primarily reflecting cash used in investing and financing activities.


Fourth Quarter 2025 Key Metrics:




 






Three Months Ended




December 31,








(in thousands, except DTC Net Revenue Per Order)






 






2025






 






 






 






2024









Financial and Operating Data






 






 






 






 









DTC Total Orders






 






539






 






 






 






719









DTC Active Customers






 






599






 






 






 






689









DTC Net Revenue Per Order






$






70






 






 






$






67








Direct to Consumer (DTC) Total Orders were 539,000, a decline of 25.0% year-over-year. The year-over-year decline was primarily due to lower advertising spend relative to prior years resulting in fewer new customers and therefore fewer repeat orders due to the recurring nature of our business, along with headwinds related to the company's ecommerce migration.


DTC Active Customers – defined as the number of customers that have placed an order in the trailing twelve months – totaled 599,000 as of December 31, 2025, a decrease of 13.0% year-over-year. Consistent with the decline in DTC Total Orders, the year-over-year decline was driven by lower advertising spend throughout 2024 compared to prior years, along with headwinds related to the company's ecommerce migration.


DTC Net Revenue Per Order was $69.50, an increase of 4.1% year-over-year primarily due to improved promotional strategies, as well as an increase in mix of higher priced items in customer orders.


Plastic Intensity1 – measured as pounds of plastic per $100 in net revenue across all online and retail sales – was 0.88 pounds in the fourth quarter of 2025, improving from 1.02 pounds the fourth quarter of 2024.



_________________________



1 Grove defines plastic intensity as pounds of plastic used per $100 in revenue as a way to hold itself accountable for the pace at which it decouples revenue from the use of plastic. To calculate plastic intensity, Grove defines "plastic" as any of the following materials within both products and packaging: plastic resin codes #1-7 (from the ASTM International Resin Identification Coding System), inclusive of polyvinyl alcohol (PVA, PVOH, PVAl), silicone, bioplastics, and any plastic liners, coatings, and resins.







Full Year 2025 Financial Results


Revenue totaled $173.7 million, landing within the Company’s previously announced revised full-year guidance. This represents a 14.6% year-over-year decline, primarily due to a decrease in DTC orders. Net Revenue per Order was flat year-over-year.


Gross Margin was 53.7%, a slight decrease from 53.8% year-over-year, driven by the removal of certain customer fees and a non-recurring benefit in the prior-year period related to the sell-through of previously reserved inventory, mostly offset by optimized discounting and higher allowances from vendors.


Operating Expenses totaled $104.6 million, representing a 20.7% year-over-year decline due to reduced depreciation and amortization, lower stock-based compensation, ongoing cost optimization initiatives, and lower fulfillment costs.


Net Loss was $11.7 million improving by $15.7 million year-over-year.

Net Loss Margin was (6.7%) improving 670bps year-over-year.


Adjusted EBITDA was negative $2.2 million, decreasing $3.5 million year-over-year. This landed within the Company’s full year guidance.

Adjusted EBITDA Margin2 was (1.2%), decreasing 190 basis points year-over-year.



_________________________



2 Adjusted EBITDA margin is a non-GAAP financial measure. See “Non-GAAP Financial Measures” for a reconciliation of adjusted EBITDA, a non-GAAP financial measure, to net loss in the table at the end of this press release.







Plastic Intensity1 decreased to 0.90 pounds of plastic per $100 of revenue in 2025 compared to 1.05 pounds in 2024.


2026 Financial Outlook:


For the 12-month period ending December 31st, 2026, Grove is providing the following guidance:


For full-year 2026, the Company expects net revenue to be approximately $140 million to $150 million and Adjusted EBITDA to be approximately breakeven.


The Company expects net revenue to reach a trough in the first quarter, reflecting seasonality and an advertising investment at approximately the same level as the fourth quarter of 2025, and improve sequentially over the remainder of 2026, driven by continued stabilization of the ecommerce platform and improving customer experience metrics, which management expects will support a measured re-acceleration of customer acquisition investment.


Webcast and Conference Call Information:


The Company will host an investor conference call and webcast to review these financial results at 5:00pm ET / 2:00pm PT on the same day. The webcast can be accessed at https://investors.grove.co/. The conference call can be accessed by calling 877-413-7205. International callers may dial +1 201-689-8537. A replay of the call will be available until April 2, 2026 and can be accessed by dialing 877-660-6853 or 201-612-7415, access ID: 13758791. The webcast will remain available on the Company’s investor relations website for 30 days following the webcast.


About Grove Collaborative Holdings, Inc.


Grove Collaborative Holdings, Inc. (NYSE: GROV) is the one-stop online destination for everyday essentials that create a healthier home and planet. Explore thousands of thoughtfully vetted products for every room and everyone in your home, including household cleaning, personal care, health and wellness, laundry, clean beauty, kitchen, pantry, kids, baby, pet care, and beyond. Everything Grove sells meets a higher standard — from health to sustainability and performance — so you get a great value without compromising your values. As a B Corp and Public Benefit Corporation, Grove goes beyond selling products: every order is carbon neutral, supports plastic waste cleanup initiatives, and lets you see and track the positive impact of your choices. Shopping with purpose starts at Grove.com.


Forward-Looking Statements


This press release contains "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements relating to continuing to stabilize and improve the customer experience on our ecommerce platform; scaling growth responsibly; guidance for 2026, including full year 2026 net revenue and Adjusted EBITDA; net revenue reaching a low point in the first quarter and improving sequentially over the remainder of 2026; continued stabilization of the ecommerce platform; improving customer experience metrics; and a measured re-acceleration of customer acquisition investment. The forward-looking statements contained in this press release are based on Grove’s current expectations and beliefs in light of the Company’s experience and perception of historical trends, current conditions and expected future developments and their potential effects on the Company as well as other factors believed to be appropriate under the circumstances. There can be no assurance that future developments affecting the Company will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including continued disruption relating to the ecommerce platform migration, changes in business, market, financial, political and legal conditions; legal and regulatory matters and developments; risks relating to the uncertainty of the projected financial information; Grove’s ability to successfully expand its business; competition; risks relating to tariffs, inflation and interest rates; effectiveness of the Company’s ecommerce platform and selling and marketing efforts; demand for Grove products and other brands that it sells and those factors discussed in documents filed, or to be filed, with the U.S. Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. All forward-looking statements in this press release are made as of the date hereof, based on information available to Grove as of the date hereof, and Grove assumes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.


Non-GAAP Financial Measures


Some of the financial information and data contained in this press release, such as Adjusted EBITDA and Adjusted EBITDA margin, have not been prepared in accordance with United States generally accepted accounting principles (“GAAP”). These non-GAAP financial measures, and other measures that are calculated using such non-GAAP measures, are an addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to revenue, operating income, profit before tax, net income or any other performance measures derived in accordance with GAAP. Investors should not consider the non-GAAP financial measures in isolation from, or as a substitute for, GAAP measures. A reconciliation of historical Adjusted EBITDA to Net Income is provided in the tables at the end of this press release. Reconciliations of projected Adjusted EBITDA and projected Adjusted EBITDA Margin to the closest corresponding GAAP measures are not available without unreasonable effort on a forward-looking basis due to the high variability, complexity, and low visibility with respect to the charges excluded from these non-GAAP measures, such as the impact of depreciation and amortization of fixed assets, amortization of internal use software, the effects of net interest expense (income), other expense (income), and non-cash stock based compensation expense. Grove believes these non-GAAP measures of financial results, including on a forward-looking basis, provide useful information to management and investors regarding certain financial and business trends relating to Grove’s financial condition and results of operations. Grove’s management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. Grove believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Grove’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management of Grove does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP measures. Other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore Grove’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies.


Grove calculates Adjusted EBITDA as net loss, adjusted to exclude: stock-based compensation expense; depreciation and amortization; changes in fair values of derivative liabilities; interest income; interest expense; restructuring costs; transaction related costs related to certain merger and acquisition projects; loss on extinguishment of debt; provision for income taxes and certain litigation and legal settlement expenses that we do not consider representative of our underlying operations. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by net revenue. Because Adjusted EBITDA excludes these elements that are otherwise included in the Company’s GAAP financial results, this measure has limitations when compared to net loss determined in accordance with GAAP. Further, Adjusted EBITDA is not necessarily comparable to similarly titled measures used by other companies. For these reasons, investors should not consider Adjusted EBITDA in isolation from, or as a substitute for, net loss determined in accordance with GAAP.




Grove Collaborative Holdings, Inc.








Consolidated Balance Sheets








(In thousands)










 



 






December 31,

2025






 






December 31,

2024








 






(Unaudited)






 






 








Assets






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






8,490






 






 






$






19,627






 








Restricted cash, current






 






2,300






 






 






 






3,675






 








Inventory






 






18,421






 






 






 






19,351






 








Prepaid expenses and other current assets






 






5,492






 






 






 






2,288






 








Total current assets






 






34,703






 






 






 






44,941






 








Restricted cash, noncurrent






 






1,002






 






 






 






1,002






 








Property and equipment, net






 






3,653






 






 






 






3,677






 








Intangible assets, net






 






2,302






 






 






 






712






 








Operating lease right-of-use assets






 






9,535






 






 






 






12,532






 








Other long-term assets






 






1,899






 






 






 






2,146






 








Total assets






$






53,094






 






 






$






65,010






 








Liabilities and Stockholders’ Deficit






 






 






 








Current liabilities:






 






 






 








Accounts payable






$






8,828






 






 






$






6,800






 








Accrued expenses






 






9,476






 






 






 






11,546






 








Deferred revenue






 






5,033






 






 






 






6,340






 








Debt, current






 






800






 






 






 






—






 








Operating lease liabilities, current






 






2,895






 






 






 






1,636






 








Other current liabilities






 






665






 






 






 






742






 








Total current liabilities






 






27,697






 






 






 






27,064






 








Derivative liabilities






 






871






 






 






 






1,274






 








Debt, noncurrent






 






6,700






 






 






 






7,500






 








Operating lease liabilities, noncurrent






 






10,053






 






 






 






12,949






 








Total liabilities






 






45,321






 






 






 






48,787






 








 






 






 






 








Redeemable convertible preferred stock






 






24,772






 






 






 






24,772






 








 






 






 






 








Stockholders’ deficit:






 






 






 








Common stock






 






4






 






 






 






4






 








Additional paid-in capital






 






643,226






 






 






 






639,960






 








Accumulated deficit






 






(660,229






)






 






 






(648,513






)








Total stockholders’ deficit






 






(16,999






)






 






 






(8,549






)








Total liabilities, redeemable convertible preferred stock and stockholders’ deficit






$






53,094






 






 






$






65,010






 








 






 






 






 










 




Grove Collaborative Holdings, Inc.








Consolidated Statements of Operations








(In thousands, except share and per share amounts)








 






 






 






 








 






Three Months Ended




December 31,






 






Year Ended




December 31,








 






 






2025






 






 






 






2024






 






 






 






2025






 






 






 






2024






 








 






(Unaudited)






 






(Unaudited)






 






(Unaudited)






 






 








Revenue, net






$






42,409






 






 






$






49,501






 






 






$






173,716






 






 






$






203,425






 








Cost of goods sold






 






19,917






 






 






 






23,558






 






 






 






80,443






 






 






 






94,077






 








Gross profit






 






22,492






 






 






 






25,943






 






 






 






93,273






 






 






 






109,348






 








 






 






 






 






 






 






 






 








Operating expenses:






 






 






 






 






 






 






 








Advertising






 






1,027






 






 






 






2,953






 






 






 






9,710






 






 






 






10,265






 








Product development






 






1,872






 






 






 






4,592






 






 






 






7,484






 






 






 






18,456






 








Selling, general and administrative






 






21,181






 






 






 






26,730






 






 






 






87,396






 






 






 






103,174






 








Operating loss






 






(1,588






)






 






 






(8,332






)






 






 






(11,317






)






 






 






(22,547






)








 






 






 






 






 






 






 






 








Non-operating expenses (income):






 






 






 






 






 






 






 








Interest expense






 






282






 






 






 






1,589






 






 






 






1,225






 






 






 






12,777






 








Loss on extinguishment of debt






 






—






 






 






 






5,004






 






 






 






—






 






 






 






5,004






 








Changes in fair value of derivative liabilities






 






(215






)






 






 






(1,869






)






 






 






(404






)






 






 






(9,888






)








Other income, net






 






(80






)






 






 






(430






)






 






 






(455






)






 






 






(3,057






)








Total non-operating expenses (income), net






 






(13






)






 






 






4,294






 






 






 






366






 






 






 






4,836






 








Loss before provision for income taxes






 






(1,575






)






 






 






(12,626






)






 






 






(11,683






)






 






 






(27,383






)








Provision for income taxes






 






8






 






 






 






9






 






 






 






33






 






 






 






40






 








Net loss






$






(1,583






)






 






$






(12,635






)






 






$






(11,716






)






 






$






(27,423






)








Less: Accumulated dividends on redeemable convertible preferred stock






 






(375






)






 






 






(375






)






 






 






(1,500






)






 






 






(849






)








Net loss attributable to common stockholders, basic and diluted






$






(1,958






)






 






$






(13,010






)






 






$






(13,216






)






 






$






(28,272






)








Net loss per share attributable to common stockholders, basic and diluted






$






(0.05






)






 






$






(0.34






)






 






$






(0.34






)






 






$






(0.76






)








Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted






 






39,769,414






 






 






 






37,751,421






 






 






 






39,048,320






 






 






 






37,040,375






 








 






 






 






 






 






 






 






 








 






 






 






 






 






 






 






 









Grove Collaborative Holdings, Inc.








Consolidated Statements of Cash Flows








(In thousands)








 



 






Year Ended December 31,








 






 






2025






 






 






 






2024






 








 






(Unaudited)






 






 








Cash Flows from Operating Activities






 






 






 








Net loss






$






(11,716






)






 






$






(27,423






)








Adjustments to reconcile net loss to net cash used in operating activities:






 






 






 








Gain on lease modification






 






—






 






 






 






(3,139






)








Stock-based compensation






 






4,284






 






 






 






11,995






 








Depreciation and amortization






 






1,680






 






 






 






9,821






 








Changes in fair value of derivative liabilities






 






(404






)






 






 






(9,888






)








Non-cash interest expense






 






322






 






 






 






3,380






 








Asset impairment charges






 






915






 






 






 






1,260






 








Inventory write-downs






 






(328






)






 






 






(3,061






)








Loss on extinguishment of debt






 






—






 






 






 






5,004






 








Other non-cash expenses (income)






 






6






 






 






 






(140






)








Changes in operating assets and liabilities:






 






 






 








Inventory






 






3,303






 






 






 






12,486






 








Prepaids and other assets






 






(1,228






)






 






 






569






 








Accounts payable






 






(376






)






 






 






(1,274






)








Accrued expenses






 






(2,162






)






 






 






(4,612






)








Deferred revenue






 






(1,307






)






 






 






(814






)








Operating lease right-of-use assets and liabilities






 






502






 






 






 






(4,349






)








Other liabilities






 






(445






)






 






 






436






 








Net cash used in operating activities






 






(6,954






)






 






 






(9,749






)








 






 






 






 








Cash Flows from Investing Activities






 






 






 








Cash paid for acquisitions






 






(2,848






)






 






 






—






 








Proceeds from sale of property and equipment






 






15






 






 






 






136






 








Purchase of property and equipment






 






(1,166






)






 






 






(1,757






)








Net cash used in investing activities






 






(3,999






)






 






 






(1,621






)








 






 






 






 








Cash Flows from Financing Activities






 






 






 








Payment of issuance costs related to SEPA






 






(43






)






 






 






—






 








Payment of debt issuance costs






 






—






 






 






 






(301






)








Payment on finance agreement






 






(353






)






 






 






—






 








Repayment of debt and Structural Derivative Liability






 






—






 






 






 






(72,348






)








Payment of costs to extinguish debt






 






(77






)






 






 






(24






)








Proceeds from issuance of redeemable convertible preferred stock






 






—






 






 






 






15,000






 








Payment of transaction costs related to redeemable convertible preferred stock






 






—






 






 






 






(513






)








Payments related to stock-based award activities, net






 






(1,266






)






 






 






(1,366






)








Proceeds from issuance under employee stock purchase plan






 






248






 






 






 






363






 








Payment of debt modification costs






 






(68






)






 






 






—






 








Net cash used in financing activities






 






(1,559






)






 






 






(59,189






)








 






 






 






 








Net decrease in cash, cash equivalents and restricted cash






 






(12,512






)






 






 






(70,559






)








Cash, cash equivalents and restricted cash at beginning of period






 






24,304






 






 






 






94,863






 








Cash, cash equivalents and restricted cash at end of period






$






11,792






 






 






$






24,304






 














 









 




Grove Collaborative Holdings, Inc.








Non-GAAP Financial Measures








(Unaudited)








(In thousands, except percentages)










 



 






Three Months Ended




December 31,






 






Year Ended




December 31,








 






 






2025






 






 






 






2024






 






 






 






2025






 






 






 






2024






 








 






 






 






 






 






 






 






 








Reconciliation of Net Loss to Adjusted EBITDA






 








Net loss






$






(1,583






)






 






$






(12,635






)






 






$






(11,716






)






 






$






(27,423






)








Stock-based compensation






 






828






 






 






 






2,727






 






 






 






4,284






 






 






 






11,995






 








Depreciation and amortization






 






393






 






 






 






2,420






 






 






 






1,680






 






 






 






9,821






 








Changes in fair value of derivative liabilities






 






(215






)






 






 






(1,869






)






 






 






(404






)






 






 






(9,888






)








Interest income






 






(80






)






 






 






(429






)






 






 






(455






)






 






 






(3,057






)








Interest expense






 






282






 






 






 






1,589






 






 






 






1,225






 






 






 






12,777






 








Restructuring expenses






 






1,919






 






 






 






1,566






 






 






 






1,919






 






 






 






2,032






 








Transaction related costs






 






—






 






 






 






—






 






 






 






1,275






 






 






 






—






 








Loss on extinguishment of debt






 






—






 






 






 






5,004






 






 






 






—






 






 






 






5,004






 








Provision for income taxes






 






8






 






 






 






9






 






 






 






33






 






 






 






40






 








Total Adjusted EBITDA






$






1,552






 






 






$






(1,618






)






 






$






(2,159






)






 






$






1,301






 








Net loss margin






 






(3.7






)%






 






 






(25.5






)%






 






 






(6.7






)%






 






 






(13.5






)%








Adjusted EBITDA margin






 






3.7






%






 






 






(3.3






)%






 






 






(1.2






)%






 






 






0.6






%







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305220738/en/
Investor Relations Contact

ir@grove.co


Media Relations Contact

pr@grove.co


Original: Grove Announces Fourth Quarter and Full Year 2025 Financial Results