Grove Q2 revenue $52.1M (-21% YoY); positive adj EBITDA $1.1M, debt paydown $42M

Grove Collaborative Holdings, Inc.

2024-Q2 EPS reported -$0.38 revenue$105,644,000

Revenue of $52.1M, down 21.2% YoY; net loss $10.1M vs $10.9M loss YoY.
Adjusted EBITDA positive $1.1M (2% margin), fourth consecutive positive quarter.
Operating cash flow positive $1.0M in Q2; cash & restricted cash $82.6M at quarter end.
Completed voluntary $42M term debt paydown after quarter end; principal payments deferred to Jan 2026.
Revised FY24 guidance; expects sequential revenue growth in Q4 2024.

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