Grove Q2 revenue $36.6M (-16.9% YoY); third straight positive EBITDA $0.5M

Grove Collaborative Holdings, Inc.

Net revenue $36.6M, down 16.9% YoY but up 1.0% sequentially; net loss narrowed to $0.9M from $3.6M.
Adjusted EBITDA positive $0.5M (1.3% margin) vs -$0.9M a year ago; third consecutive quarter of positive EBITDA.
DTC active customers 509K (-23.3% YoY); DTC orders 489K (-23.6% YoY); DTC net revenue per order $69.19 (+6.1% YoY).
Gross margin 53.6% (down 190 bps YoY) due to one-time disposals and prior-year inventory sell-through not recurring.
Reaffirmed FY2026 guidance: net revenue $142.5M-$152.5M, Adjusted EBITDA breakeven to positive low single-digit millions.

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