{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-023242","form_type":"8-K","ticker":"GROV","cik":"0001841761","company_name":"Grove Collaborative Holdings, Inc.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.683279+00:00","generated_at":"2026-06-02T01:13:25.007572+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Grove Q1 2024: Revenue $53.5M (-25.2%); Adj. EBITDA $1.9M positive, maintains FY guidance","bullets":["Revenue $53.5M, down 25.2% YoY; net loss $3.4M vs $13.1M YoY loss.","Adjusted EBITDA positive $1.9M (3.5% margin) vs negative $6.9M prior year.","Cash and equivalents $81.6M; lease restructuring saves >$5M through May 2027.","Maintains FY2024 guidance: revenue $215-225M, Adj. EBITDA margin 0-1%.","DTC orders fell 29.5% YoY to 0.8M; active customers down 35% to 807K."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-023242","json":"https://secwatch.observer/filing/0001628280-24-023242.json","markdown":"https://secwatch.observer/filing/0001628280-24-023242.md","text":"https://secwatch.observer/filing/0001628280-24-023242.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/0001628280-24-023242-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/grov-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:13:25.007572+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":"45a3710ceb863a76c16965f7f682e0f38ab8d90d","claim":"Grove Collaborative Holdings, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).","evidence_excerpt":"customers’ individual sustainability journeys and transform the industry into a force for human and environmental health.” First Quarter 2024 Financial Results Revenue , Net was $53.5 million, down 10.5% from the fourth quarter of 2023, and down 25.2% year-over-year. The sequential and year-over-year declines continue to be driven by a decrease in Direct to Consumer","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/0001628280-24-023242-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"45a3710ceb863a76c16965f7f682e0f38ab8d90d","claim":"Grove Collaborative Holdings, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).","evidence_excerpt":"On May 14, 2024 , Grove Collaborative Holdings, Inc. (the \"Company\") issued a press release announcing its earnings for the quarter ended March 31, 2024. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/0001628280-24-023242-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Guidance","value":"reaffirmed"},{"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"}