---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-009415"
form_type: "8-K"
ticker: "GROV"
cik: "0001841761"
company_name: "Grove Collaborative Holdings, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:55:03.861064+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Grove Q4 2023 adjusted EBITDA positive; full-year revenue $259.3M, down 19.4%; guides FY2024 $215-225M

## Summary
- Q4 net revenue $59.9M (-19.2% YoY); gross margin 54.4% (+740 bps YoY).
- Q4 adjusted EBITDA $0.1M, positive second consecutive quarter; operating cash flow $1.1M.
- Full-year 2023 net revenue $259.3M, down 19.4% YoY; net loss margin improved to (16.7%).
- FY2024 guidance: net revenue $215-225M; adjusted EBITDA margin 0.0% to 1.0%.
- DTC active customers down 33.2% YoY to 0.9M; net revenue per order record $66.83.

## SEC filing metadata
- accession: 0001628280-24-009415
- form_type: 8-K
- ticker: GROV
- cik: 0001841761
- company_name: Grove Collaborative Holdings, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841761/000162828024009415/0001628280-24-009415-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841761/000162828024009415/grov-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-009415
- JSON: https://secwatch.observer/filing/0001628280-24-009415.json
- Plain text: https://secwatch.observer/filing/0001628280-24-009415.txt

## Key facts
- Earnings Releases
  Grove Collaborative Holdings, Inc. reported fourth quarter and full year 2023 results: revenue $59.9 million. Guidance reaffirmed.
  - Period: fourth quarter and full year 2023
  - Revenue: $59.9 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: full year and expect the momentum to continue into 2025 where we plan to be growing and profitable for the entire year.” Fourth Quarter 2023 Financial Results Revenue, Net was $59.9 million, down 3.1% from the third quarter of 2023, and down 19.2% year-over-year. The sequential and year-over-year declines were driven by a decrease in Direct to Consumer (“DTC”) 1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841761/000162828024009415/0001628280-24-009415-index.htm

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