Grove Q4 revenue $42.4M (-14%), Adj EBITDA positive $1.6M; guides FY26 revenue $140-150M

Total Revenue was $42.4 million, down 14.3% year-over-year ● Adjusted EBITDA was $1.6 million, compared to a loss of $1.6 million in the prior-year period ● Net Loss was $1.6 million, compared to Net Loss of $12.6 million in the prior-year period

Full Year 2025 Financial Results Revenue totaled $173.7 million, landing within the Company’s previously announced revised full-year guidance. This represents a 14.6% year-over-year decline, primarily due to a decrease in DTC orders. Net Revenue per Order was flat year-over-year. Gross Margin was 53.7%, a slight decrease from 53.8% year-over-year, driven by the removal of certain customer fees and a non-recurring benefit in the prior-year period related to the sell-through of previously reserved inventory, mostly offset by optimized discounting and higher allowances from vendors. Operating Expenses totaled $104.6 million, representing a 20.7% year-over-year decline due to reduced depreciation and amortization, lower stock-based compensation, ongoing cost optimization initiatives, and lower fulfillment costs. Net Loss was $11.7 million improving by $15.7 million year-over-year.

2026 Financial Outlook : For the 12-month period ending December 31st, 2026, Grove is providing the following guidance: For full-year 2026, the Company expects net revenue to be approximately $140 million to $150 million and Adjusted EBITDA to be approximately breakeven.