---
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"
generated_at: "2026-06-08T07:36:57.505500+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grove reports first Adjusted EBITDA profitable quarter; Q3 revenue $61.8M, down 20.6% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-038265
- JSON: https://secwatch.observer/filing/0001628280-23-038265.json
- Plain text: https://secwatch.observer/filing/0001628280-23-038265.txt

## Key facts
- Earnings Releases
  Grove Collaborative Holdings, Inc. reported fiscal third quarter ended September 30, 2023 results: revenue Net revenue of $61.8 million. Guidance raised.
  - Period: fiscal third quarter ended September 30, 2023
  - Revenue: Net revenue of $61.8 million
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1841761/000162828023038265/0001628280-23-038265-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.