{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-038265","form_type":"8-K","ticker":"GROV","cik":"0001841761","company_name":"Grove Collaborative Holdings, Inc.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.959874+00:00","generated_at":"2026-06-08T07:36:57.505500+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Grove reports first Adjusted EBITDA profitable quarter; Q3 revenue $61.8M, down 20.6% YoY","bullets":["First Adjusted EBITDA positive quarter: $0.2M (0.3% margin); record gross margin 53.8%.","Net revenue $61.8M, down 20.6% YoY; DTC orders down 26.2% YoY due to lower advertising.","DTC Net Revenue per Order hit record $65.2, up 7.6% YoY; Active Customers fell 30.2% to 1.0M.","Guidance: FY2023 revenue lowered to $257.5-262.5M; Adj. EBITDA margin guidance improved to (4.5)%-(5.5)%.","Retail expansion to >7,500 doors with new partners Wegmans and KeHE."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-038265","json":"https://secwatch.observer/filing/0001628280-23-038265.json","markdown":"https://secwatch.observer/filing/0001628280-23-038265.md","text":"https://secwatch.observer/filing/0001628280-23-038265.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841761/000162828023038265/0001628280-23-038265-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841761/000162828023038265/grov-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:36:57.505500+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e96cfb8eea5aa0b11be6686e514ded26f9024c1e","claim":"Grove Collaborative Holdings, Inc. reported fiscal third quarter ended September 30, 2023 results: revenue Net revenue of $61.8 million. Guidance raised.","evidence_excerpt":"of 2022. Our Q3 results directly reflect the decisions we have made in prior quarters to set Grove up well for profitable growth in the second half of 2024. ● Net revenue of $61.8 million, down 6.6% from the second quarter of 2023, and down 20.6% year-over-year ● Gross margin of 53.8%, a record for the Company, improving 190 basis points from the second quarter of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000162828023038265/0001628280-23-038265-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal third quarter ended September 30, 2023"},{"label":"Revenue","value":"Net revenue of $61.8 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}