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 .