---
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"
generated_at: "2026-06-02T01:13:25.007572+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Grove Q1 2024: Revenue $53.5M (-25.2%); Adj. EBITDA $1.9M positive, maintains FY guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023242
- JSON: https://secwatch.observer/filing/0001628280-24-023242.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023242.txt

## Key facts
- Earnings Releases
  Grove Collaborative Holdings, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).
  - Period: first quarter ended March 31, 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/0001628280-24-023242-index.htm
- Earnings Releases
  Grove Collaborative Holdings, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).
  - Period: first quarter ended March 31, 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/0001628280-24-023242-index.htm

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