Grove Q1 revenue falls 18.7% YoY to $43.5M; FY2025 guidance lowered

Grove Collaborative Holdings, Inc.

2025-Q1 EPS reported -$0.10 revenue$43,547,000

Revenue $43.5M, down 18.7% YoY; net loss $3.5M vs $3.4M; adjusted EBITDA -$1.6M vs +$1.9M.
eCommerce platform migration hurt Q1 revenue by $2-3M; DTC orders down 20%, active customers down 16%.
Full-year 2025 guidance: revenue decline mid-single-digit to low double-digit %; adjusted EBITDA negative to positive low single-digit $M.
ABL facility amended: maturity extended to April 2028, minimum liquidity covenant removed, availability increased.
Cash $13.5M at March 31, down from $24.3M at Dec 31, 2024 due to operating cash flow and acquisitions.

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