Grove Q4 revenue $49.5M, sequential growth; first full-year positive EBITDA of $1.3M

Grove Collaborative Holdings, Inc.

Q4 2024 revenue $49.5M, up 2.5% QoQ but down 17.4% YoY; net loss $12.6M vs $9.5M loss YoY, includes debt extinguishment loss.
Full-year 2024 revenue $203.4M (-21.5% YoY); Adjusted EBITDA positive $1.3M (first in history), improving $10.5M YoY.
Completed $72M voluntary term debt repayment in Q4; cash $24.3M at Dec 31, 2024.
Acquired Grab Green and 8Greens in Q1 2025; expects contributions to 2025 outlook.
2025 outlook: revenue flat to down mid-single digit YoY; Adjusted EBITDA breakeven to positive low-single digit millions.

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