--- title: "Grove Collaborative | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 36.22 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285622495.md" datetime: "2026-05-07T21:20:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285622495.md) - [en](https://longbridge.com/en/news/285622495.md) - [zh-HK](https://longbridge.com/zh-HK/news/285622495.md) generator: "portal-rs" --- # Grove Collaborative | 10-Q: 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. #### Segment Revenue Grove Collaborative Holdings, Inc. operates in one segment, generating revenue from the sale of both third-party and Grove Brands products through its direct-to-consumer (DTC) platform . **Total Revenue, Net**: Three months ended March 31, 2026: $36,224 thousand . Three months ended March 31, 2025: $43,547 thousand . Year-over-year decrease: -$7,323 thousand, or -17% . **Grove Brands Revenue**: Three months ended March 31, 2026: $16,500 thousand . Three months ended March 31, 2025: $17,613 thousand . Year-over-year decrease: -$1,113 thousand, or -6% . **Third-party Products Revenue**: Three months ended March 31, 2026: $19,724 thousand . Three months ended March 31, 2025: $25,934 thousand . Year-over-year decrease: -$6,210 thousand, or -24% . #### Operational Metrics - **Cost of Goods Sold**: - Three months ended March 31, 2026: $16,369 thousand . - Three months ended March 31, 2025: $20,483 thousand . - Year-over-year decrease: -$4,114 thousand, or -20% . - **Gross Profit**: - Three months ended March 31, 2026: $19,855 thousand . - Three months ended March 31, 2025: $23,064 thousand . - Year-over-year decrease: -$3,209 thousand, or -14% . - **Gross Margin**: - Three months ended March 31, 2026: 55% . - Three months ended March 31, 2025: 53% . - Year-over-year increase: 180 basis points . - **Operating Expenses**: - **Advertising**: - Three months ended March 31, 2026: $1,162 thousand . - Three months ended March 31, 2025: $2,807 thousand . - Year-over-year decrease: -$1,645 thousand, or -59% . - **Product Development**: - Three months ended March 31, 2026: $1,435 thousand . - Three months ended March 31, 2025: $1,779 thousand . - Year-over-year decrease: -$344 thousand, or -19% . - **Selling, General and Administrative**: - Three months ended March 31, 2026: $18,159 thousand . - Three months ended March 31, 2025: $21,986 thousand . - Year-over-year decrease: -$3,827 thousand, or -17% . - **Operating Loss**: - Three months ended March 31, 2026: -$901 thousand . - Three months ended March 31, 2025: -$3,508 thousand . - **Net Loss**: - Three months ended March 31, 2026: -$1,009 thousand . - Three months ended March 31, 2025: -$3,547 thousand . #### Cash Flow - **Net Cash Used in Operating Activities**: - Three months ended March 31, 2026: -$683 thousand . - Three months ended March 31, 2025: -$6,872 thousand . - **Net Cash Used in Investing Activities**: - Three months ended March 31, 2026: -$294 thousand . - Three months ended March 31, 2025: -$3,389 thousand . - **Net Cash Used in Financing Activities**: - Three months ended March 31, 2026: -$388 thousand . - Three months ended March 31, 2025: -$536 thousand . - **Net Decrease in Cash, Cash Equivalents and Restricted Cash**: - Three months ended March 31, 2026: -$1,365 thousand . - Three months ended March 31, 2025: -$10,797 thousand . - **Cash, Cash Equivalents and Restricted Cash at End of Period**: - March 31, 2026: $10,427 thousand . - March 31, 2025: $13,507 thousand . #### Unique Metrics - **DTC Total Orders**: - Three months ended March 31, 2026: 502 thousand . - Three months ended March 31, 2025: 622 thousand . - **DTC Active Customers**: - Three months ended March 31, 2026: 553 thousand . - Three months ended March 31, 2025: 678 thousand . - **DTC Net Revenue Per Order**: - Three months ended March 31, 2026: $67.79 . - Three months ended March 31, 2025: $66.49 . - **Adjusted EBITDA**: - Three months ended March 31, 2026: $296 thousand . - Three months ended March 31, 2025: -$1,598 thousand . - **Adjusted EBITDA Margin**: - Three months ended March 31, 2026: 0.8% . - Three months ended March 31, 2025: -3.7% . #### Future Outlook and Strategy Grove Collaborative Holdings, Inc. anticipates its current cash and cash equivalents will cover operations for at least one year from the report’s issuance date . The company plans to secure additional capital through debt or equity financing to sustain operations until achieving positive cash flows . Strategic initiatives focus on expanding the DTC business, enhancing brand awareness and customer acquisition/retention, and optimizing operational leverage and order fulfillment . ### Related Stocks - [GROV.US](https://longbridge.com/en/quote/GROV.US.md) ## Related News & Research - [Grove Collaborative Releases 2025 Annual Sustainability Report, Advancing Leadership in Plastic Reduction and Human Health Standards | GROV Stock News](https://longbridge.com/en/news/286285685.md) - [Grove Collaborative forecasts FY2026 net revenue of $142.5 million-$152.5 million](https://longbridge.com/en/news/295149839.md) - [Costco Wholesale (COST) Following AI Shopping Traffic Growth And Refunds, Is It Fully Valued?](https://longbridge.com/en/news/296843919.md) - [The Biggest Players in a $500 Billion Market Are Exiting. Here’s Why Costco Just Entered.](https://longbridge.com/en/news/296526358.md) - [Why Is the Stock Market Down Today, 8/20/26?](https://longbridge.com/en/news/296508282.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**