Grove Collaborative Q1 revenue down 16.8% but posts positive adjusted EBITDA; raises full-year guidance

Grove Collaborative Holdings, Inc.

2026-Q1 EPS reported -$0.03 revenue$36,224,000

Net revenue $36.2M (-16.8% YoY); net loss narrowed to $1.0M from $3.5M.
Adjusted EBITDA positive $0.3M (0.8% margin) vs -$1.6M in prior year; second consecutive positive quarter.
Full-year 2026 revenue guidance raised to $142.5-152.5M; adjusted EBITDA guided to breakeven to positive low single digits.
DTC active customers 553k (-18.5% YoY); DTC orders 502k (-19.2%); net revenue per order up 2.0% to $67.79.
Gross margin improved 180bps to 54.8%; operating expenses down 21.9%. Cash $10.4M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Grove Collaborative Holdings, Inc. reported first quarter ended March 31, 2026 results: revenue $36.2 million, net income Net Loss was $1.0 million. Guidance raised.

Period: first quarter ended March 31, 2026
Revenue: $36.2 million
Net income: Net Loss was $1.0 million
Guidance: raised
Result: reported results

Exact text from the filing

Benefit Corporation, today reported financial results for its fiscal first quarter ended March 31, 2026. Key First Quarter 2026 Financial Highlights: ● Total Net Revenue was $36.2 million, down 16.8% year-over-year ● Adjusted EBITDA was positive $0.3 million, compared to a loss of $1.6 million in the same period last year ● Net Loss was $1.0 million, compared to a

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Grove Collaborative Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001841761-26-000033

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