{"schema_version":"secwatch.filing_event.v1","accession":"0001841761-23-000045","form_type":"8-K","ticker":"GROV","cik":"0001841761","company_name":"Grove Collaborative Holdings, Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.092580+00:00","generated_at":"2026-06-15T04:49:46.207763+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Grove Collaborative Q1 net revenue $71.6M, record gross margin 52.1%, raises FY adjusted EBITDA margin guidance","bullets":["Net revenue $71.6M, down 20.9% YoY; gross margin record 52.1%, up 480 bps YoY.","Adjusted EBITDA margin (9.6%), improved 330 bps QoQ and 3,420 bps YoY; expects near break-even in Q3.","Raises FY 2023 adjusted EBITDA margin guidance to (5.5%)-(7.5%) from (9%)-(11%); revenue guidance unchanged at $260-270M.","Secured $35M asset-based revolving credit facility to support working capital and strategic initiatives.","DTC active customers 1.24M, down 25% YoY; DTC net revenue per order $61.64, up 12% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001841761-23-000045","json":"https://secwatch.observer/filing/0001841761-23-000045.json","markdown":"https://secwatch.observer/filing/0001841761-23-000045.md","text":"https://secwatch.observer/filing/0001841761-23-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000045/0001841761-23-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000045/grov-20230511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T04:49:46.207763+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":"b71c7d29359b9d3526d4ca6c97dfb0d58ba00bff","claim":"Grove Collaborative Holdings, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue $71.6 million. Guidance raised.","evidence_excerpt":"focus on profitability in the second half of 2022, we believe that our sequential quarterly results are the best indicator of our current financial performance. ● Net revenue of $71.6 million, down 3.3% from the fourth quarter of 2022, and down 20.9% year-over-year, largely due to reductions in advertising spend as we focus on profitability. ● Gross margin of 52.1%, a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841761/000184176123000045/0001841761-23-000045-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$71.6 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}