--- title: "Grove Collaborative | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 36.22 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285612849.md" datetime: "2026-05-07T20:30:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285612849.md) - [en](https://longbridge.com/en/news/285612849.md) - [zh-HK](https://longbridge.com/zh-HK/news/285612849.md) --- # Grove Collaborative | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 36.22 M Revenue: As of FY2026 Q1, the actual value is USD 36.22 M, beating the estimate of USD 33.08 M. EPS: As of FY2026 Q1, the actual value is USD -0.03, beating the estimate of USD -0.09. EBIT: As of FY2026 Q1, the actual value is USD -702 K. #### Total Net Revenue Total Net Revenue was $36.2 million, a decrease of 16.8% year-over-year . Net Revenue of $36.2 million represented a 16.8% decrease year-over-year and a 14.6% decrease compared to Q4 2025 . #### Adjusted EBITDA Adjusted EBITDA was positive $0.3 million . Specifically, Adjusted EBITDA was $296 thousand for the three months ended March 31, 2026, compared to - $1,598 thousand for the same period in 2025 . The Adjusted EBITDA margin was 0.8% for the three months ended March 31, 2026, compared to -3.7% in the prior-year period . This marked the second consecutive quarter of positive Adjusted EBITDA and an improvement of $1.9 million or 450 basis points year-over-year . #### Net Loss Net Loss was $1.0 million, compared to a Net Loss of $3.5 million in the same period last year . Specifically, Net Loss was - $1,009 thousand for the three months ended March 31, 2026, compared to - $3,547 thousand for the same period in 2025 . The Net Loss margin was -2.8% for the three months ended March 31, 2026, compared to -8.1% in the prior-year period . #### Gross Margin and Gross Profit Gross Margin was 54.8%, an increase of 180 basis points compared to 53.0% in the first quarter of 2025 . Gross profit was $19,855 thousand for the three months ended March 31, 2026, compared to $23,064 thousand for the same period in 2025 . #### Operating Expenses Operating Expenses were $20.8 million, a decrease of 21.9% compared to $26.6 million in the prior-year period . Advertising expenses were $1,162 thousand for the three months ended March 31, 2026, compared to $2,807 thousand for the same period in 2025 . Product development expenses were $1,435 thousand for the three months ended March 31, 2026, compared to $1,779 thousand for the same period in 2025 . Selling, general and administrative expenses were $18,159 thousand for the three months ended March 31, 2026, compared to $21,986 thousand for the same period in 2025 . #### Operating Loss Operating loss was - $901 thousand for the three months ended March 31, 2026, compared to - $3,508 thousand for the same period in 2025 . #### Operating Cash Flow Operating Cash Flow was negative $0.7 million, compared to negative $6.9 million in the same period last year . Net cash used in operating activities was - $683 thousand for the three months ended March 31, 2026, compared to - $6,872 thousand for the same period in 2025 . #### Cash, Cash Equivalents, and Restricted Cash 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 . Specifically, cash, cash equivalents and restricted cash at the end of the period were $10,427 thousand as of March 31, 2026, compared to $11,792 thousand at the beginning of the period . #### Debt Grove Collaborative Holdings, Inc. had outstanding debt of $7.5 million ABL and ABL availability of $1.7 million . #### Direct to Consumer (DTC) Metrics DTC Total Orders were 502,000, a decline of 19.2% year-over-year . DTC Active Customers totaled 553,000 as of March 31, 2026, a decrease of 18.5% year-over-year . DTC Net Revenue Per Order was $67.79, an increase of 2.0% year-over-year . #### Plastic Intensity Plastic Intensity was 0.84 pounds in the first quarter of 2026, an improvement from 0.99 pounds in the first quarter of 2025 . #### Outlook / Guidance For the full-year 2026, Grove Collaborative Holdings, Inc. is raising its net revenue guidance to approximately $142.5 million to $152.5 million, and Adjusted EBITDA guidance to breakeven to positive low single digit millions . This represents an increase from the prior net revenue range of $140 million to $150 million and the prior Adjusted EBITDA expectation of approximately breakeven . The company expects sequential net revenue improvement in each of the remaining three quarters of 2026, following the first quarter of 2026 which represented the expected trough for the year . ### Related Stocks - [GROV.US](https://longbridge.com/en/quote/GROV.US.md) ## Related News & Research - [Flexsteel Q4 2026 Earnings Preview](https://longbridge.com/en/news/296031749.md) - [Algorhythm Holdings Reports Second Quarter 2026 Financial Results](https://longbridge.com/en/news/296124832.md) - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296129742.md) - [2Invest AG schedules release of half-year 2026 report](https://longbridge.com/en/news/295943641.md) - [ZTO Express Q2 2026 Earnings Preview](https://longbridge.com/en/news/296149351.md)