secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001628280-25-025524
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000162828025025524/0001628280-25-025524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000162828025025524/grov-20250514.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-025524

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer