GROVE COLLABORATIVE HOLDINGS INC | 10-Q: FY2025 Q1 Revenue: USD 43.55 M

Revenue: As of FY2025 Q1, the actual value is USD 43.55 M.

EPS: As of FY2025 Q1, the actual value is USD -0.1.

EBIT: As of FY2025 Q1, the actual value is USD -3.538 M.

Segment Revenue

• Total Revenue, Net: $43.5 million for the three months ended March 31, 2025, compared to $53.5 million for the same period in 2024, representing a decrease of 19%.
• Grove Brands Revenue: $17.6 million for the three months ended March 31, 2025, compared to $23.0 million for the same period in 2024, representing a decrease of 24%.
• Third-party Products Revenue: $25.9 million for the three months ended March 31, 2025, compared to $30.5 million for the same period in 2024, representing a decrease of 15%.

Operational Metrics

• Gross Profit: $23.1 million for the three months ended March 31, 2025, compared to $29.7 million for the same period in 2024, representing a decrease of 22%.
• Operating Loss: $3.5 million for the three months ended March 31, 2025, compared to $0.5 million for the same period in 2024.
• Net Loss: $3.5 million for the three months ended March 31, 2025, compared to $3.4 million for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $6.9 million for the three months ended March 31, 2025, compared to - $12.4 million for the same period in 2024.
• Net Cash Used in Investing Activities: - $3.4 million for the three months ended March 31, 2025, compared to - $0.5 million for the same period in 2024.
• Net Cash Used in Financing Activities: - $0.5 million for the three months ended March 31, 2025, compared to - $0.4 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on its direct-to-consumer (DTC) platform, emphasizing product innovation and sustainable practices to drive growth and profitability. The company is also transitioning its e-commerce platform to third-party service providers to enhance scalability and improve customer experience.
• Non-Core Business: The company has exited the business of selling products in brick-and-mortar retail channels, which is expected to improve profitability with an insignificant impact on revenue.