secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001841761-22-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grove Q3 net revenue $77.7M, down 18% YoY; raises full-year guidance
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- Net revenue $77.7M, down 18% YoY and 2% sequentially.
- Gross margin 49.1%, down 130 bps YoY but flat sequentially.
- Net income margin 9.9% (includes gains on derivative remeasurement), improved from net loss margins in prior quarters.
- Adjusted EBITDA margin (12.4)%, improvement from (26.6)% in Q2 2022 and (32.8)% in Q3 2021.
- Company raises full-year guidance; targets profitability in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000184176122000068/0001841761-22-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000184176122000068/grov-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001841761-22-000068

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