Revenue: As of FY2026 Q2, the actual value is USD 36.57 M.

EPS: As of FY2026 Q2, the actual value is USD -0.03.

EBIT: As of FY2026 Q2, the actual value is USD -582 K.

Net Revenue

Total Net Revenue for the second quarter of 2026 was $36.6 million, representing a 16.9% decrease year-over-year but a 1.0% increase sequentially compared to the first quarter of 2026.

Net Loss

Net Loss for the second quarter of 2026 was - $0.9 million (or - $920 thousand), an improvement from a Net Loss of - $3.6 million (or - $3,626 thousand) in the prior-year period. The Net Loss margin was -2.5%, compared to -8.2% in the prior-year period.

Adjusted EBITDA

Adjusted EBITDA was $0.5 million in the second quarter of 2026, compared to - $0.9 million in the same period last year, marking the third consecutive quarter of positive Adjusted EBITDA. The Adjusted EBITDA margin was 1.3%, up from -2.1% in the prior-year period. Adjusted EBITDA increased by $1.4 million, or 340 basis points, year-over-year. The trailing 12 months Adjusted EBITDA as of Q2 2026 was $1.1 million.

Gross Margin

Gross Margin was 53.6% in the second quarter of 2026, a decrease of 190 basis points compared to 55.4% in the second quarter of 2025.

Operating Expenses

Operating Expenses were $20.4 million in the second quarter of 2026, a decrease of 27.0% compared to $27.9 million in the prior-year period.

Operating Cash Flow

Operating Cash Flow was $1.3 million in the second quarter of 2026, compared to $1.0 million in the same period last year, representing a $0.3 million increase year-over-year.

Cash, Cash Equivalents, and Restricted Cash

Cash, Cash Equivalents, and Restricted Cash totaled $11.4 million as of June 30, 2026, an increase from $10.4 million as of March 31, 2026. This compares to $11.8 million as of December 31, 2025.

Outstanding Debt

Outstanding debt as of June 30, 2026, was $7.5 million ABL.

ABL Availability

ABL availability was $0.4 million as of June 30, 2026.

DTC Total Orders

DTC Total Orders were 489,000 in the second quarter of 2026, a decline of 23.6% year-over-year compared to 640,000.

DTC Active Customers

DTC Active Customers totaled 509,000 as of June 30, 2026, a decrease of 23.3% year-over-year compared to 664,000. The company has 5.5 million lifetime customers.

DTC Net Revenue Per Order

DTC Net Revenue Per Order was $69.19 in the second quarter of 2026, an increase of 6.1% year-over-year compared to $65.23.

Plastic Intensity

Plastic Intensity was 0.84 pounds in the second quarter of 2026, an improvement from 0.93 pounds in the second quarter of 2025.

Average Fulfillment Cost per Unit

Average fulfillment cost per unit was $2.00 in the second quarter of 2026.

Subscription Orders

Over 80% of orders, specifically 81%, included one or more subscription items in the second quarter of 2026, with 48% of orders being autoshipped and an average of 4+ subscription units per order.

Owned Brands Revenue

Owned Brands accounted for 54% of net revenue in the second quarter of 2026.

Loyalty Program

The company has over 350,000 Paid VIP Members as of June 30, 2026, with a 76% monthly average renewal rate for Paid VIPs. Paid VIPs order 2.5 times more often and have an 8% higher average order value compared to non-VIPs.

2026 Financial Outlook

Grove Collaborative Holdings, Inc. reaffirmed its full-year guidance for 2026, expecting net revenue to be approximately $142.5 million to $152.5 million. The company anticipates sequential net revenue improvement in each of the remaining quarters of 2026. Full-year 2026 Adjusted EBITDA is projected to range from breakeven to positive low single-digit millions.