{"schema_version":"secwatch.filing_event.v1","accession":"0001841761-23-000003","form_type":"8-K","ticker":"GROV","cik":"0001841761","company_name":"Grove Collaborative Holdings, Inc.","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.055038+00:00","generated_at":"2026-06-18T03:53:43.566093+00:00","sec_items":["1.01","2.02","2.03","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Grove Q4 net revenue $74M (-15% YoY), net loss margin (17.1%); secures $35M credit facility","bullets":["Q4 2022 net revenue $74.0M, down 15% YoY; gross margin 47.0% vs 45.0% prior year.","Full year 2022 net revenue $321.5M, down 16% YoY; net loss margin improved to (27.3%) from (35.4%).","Adjusted EBITDA margin Q4 (12.9%) improved 1,610 bps YoY; full year (24.8%) improved 350 bps.","Entered $35.0M asset-based revolving credit facility with Siena Lending Group, maturing March 2026.","Targeting profitability in 2024; DTC stabilization, health/wellness expansion, retail growth at Amazon and Walmart."],"urls":{"canonical":"https://secwatch.observer/filing/0001841761-23-000003","json":"https://secwatch.observer/filing/0001841761-23-000003.json","markdown":"https://secwatch.observer/filing/0001841761-23-000003.md","text":"https://secwatch.observer/filing/0001841761-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000003/0001841761-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000003/grov-20230310.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T03:53:43.566093+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"da6f6b6b813e035a158fc5bff10064dd1abf728b","claim":"Grove Collaborative Holdings, Inc. incurred revolving credit of $35.0 million with Siena Lending Group LLC at base rate, plus an applicable margin, or Term SOFR rate then in effect, plus 0.1 maturing March 10, 2026.","evidence_excerpt":"the Loan Agreement provides for a senior secured asset-based revolving credit facility with an initial commitment of $35.0 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000003/0001841761-23-000003-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$35.0 million"},{"label":"Counterparty","value":"Siena Lending Group LLC"},{"label":"Rate","value":"base rate, plus an applicable margin, or Term SOFR rate then in effect, plus 0.1"},{"label":"Maturity","value":"March 10, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0ad3bffd78581e5839efe627238d7e828a642122","claim":"Grove Collaborative Holdings, Inc. reported fourth quarter ended December 31, 2022 results: revenue $74.0 million.","evidence_excerpt":"Net revenue of $74.0 million, down 5% from the third quarter of 2022, and down 15% year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000003/0001841761-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$74.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7b262f6f0d76385bba71e86e398f5f0ae9163e49","claim":"Grove Collaborative Holdings, Inc. reported fiscal year ended December 31, 2022 results: revenue $321.5 million.","evidence_excerpt":"Net revenue of $321.5 million, down 16% year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000003/0001841761-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$321.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4007244ee3e5e266e3e4d0d47c795f698d399096","claim":"Grove Collaborative Holdings, Inc. entered into Loan and Security Agreement with Siena Lending Group LLC valued at $35,000,000 (effective 2023-03-10).","evidence_excerpt":"On March 10, 2023, Grove Collaborative Holdings, Inc., a Delaware public benefit corporation (“Holdings” or “the Company”) and Grove Collaborative, Inc., a Delaware public benefit corporation (“Grove”), as borrowers (Holdings and Grove, collectively, the “Borrowers”) entered into that certain Loan and Security Agreement (the “Loan Agreement”), among the Borrowers, each of the Subsidiaries of the Borrowers signatory thereto from time to time as guarantors and Siena Lending Group LLC, a Delaware limited liability company, as lender (in such capacity, the “Lender”). Among other things, the Loan Agreement provides for a senior secured asset-based revolving credit facility with an initial commitment of $35.0 million (the “Revolving Credit Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000003/0001841761-23-000003-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Siena Lending Group LLC"},{"label":"Value","value":"$35,000,000"},{"label":"Effective","value":"2023-03-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}