Highest-materiality recent filing
Grove Collaborative board changes: director Sramek resigns, Jason Karp appointed
Naytri Shroff Sramek resigned from board effective Aug 27, 2026; no disagreements cited.
Grove receives NYSE non-compliance notice for market cap/equity below $50M
On Aug 7, 2026, NYSE notified Grove it failed Section 802.01B: average market cap <$50M over 30 trading days and stockholders' equity <$50M.
Grove Q2 revenue $36.6M (-16.9% YoY); third straight positive EBITDA $0.5M
Net revenue $36.6M, down 16.9% YoY but up 1.0% sequentially; net loss narrowed to $0.9M from $3.6M.
Grove Collaborative CFO Tom Siragusa resigns effective Aug 16; successor search underway
CFO Tom Siragusa will depart on August 16, 2026 to pursue another opportunity; not due to any disagreement with the company.
Net revenue $36.2M (-16.8% YoY); net loss narrowed to $1.0M from $3.5M.
Grove Collaborative regains NYSE compliance for continued listing
Received NYSE notice on March 17, 2026 confirming compliance with minimum market cap and stockholders' equity requirements.
Grove Q4 revenue $42.4M (-14%), Adj EBITDA positive $1.6M; guides FY26 revenue $140-150M
Q4 revenue $42.4M, down 14.3% YoY; net loss $1.6M vs $12.6M loss prior year.
Grove Collaborative Q3 revenue down 9.4% YoY to $43.7M; net loss widens to $3.0M; reduces workforce
Net loss of $3.0M vs $1.3M loss in Q3 2024; adjusted EBITDA loss of $1.2M vs breakeven prior year.
Grove Collaborative appoints Tom Siragusa as permanent CFO, effective Oct 1, 2025
Tom Siragusa, previously Interim CFO since Feb 16, 2025, appointed as permanent CFO effective Oct 1, 2025.
Grove Collaborative amends ABL loan agreement to include credit card receivables in borrowing base
Amendment No. 4 to Loan and Security Agreement with Siena Lending Group LLC effective Sep 26, 2025.
David Glazer resigned from the Board effective August 22, 2025; no disagreement cited.
Grove Collaborative Q2 revenue falls 15.5% to $44M; net loss improves to $3.6M
Revenue $44.0M, down 15.5% YoY but up 1.1% sequentially; DTC orders 640k (-12.6% YoY).
Amended Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (Yorkville) on July 8, 2025.
David Glazer re-elected with 25,831,613 votes for, 56,433 withheld; broker non-votes: 25,888,046.
Grove Collaborative's auditor Moss Adams merges into Baker Tilly; no disagreements reported
Moss Adams resigned as auditor after merging with Baker Tilly US, LLP effective June 3, 2025.
Grove receives NYSE notice of non-compliance with $50M market cap and equity standards
NYSE notified Grove on May 15, 2025 that average market cap over 30 days and stockholders' equity each fell below $50M.
Grove Q1 revenue falls 18.7% YoY to $43.5M; FY2025 guidance lowered
Revenue $43.5M, down 18.7% YoY; net loss $3.5M vs $3.4M; adjusted EBITDA -$1.6M vs +$1.9M.
Grove Collaborative extends ABL loan maturity to April 2028, removes minimum liquidity covenant
Maturity extended by approximately 3 years to April 10, 2028.
Grove Collaborative retires Class B common stock, reduces authorized shares to 700M
Certificate of Retirement filed April 15, 2025 to retire all Class B common shares after their conversion to Class A on Feb 14, 2025.
Grove Q4 revenue $49.5M, sequential growth; first full-year positive EBITDA of $1.3M
Q4 2024 revenue $49.5M, up 2.5% QoQ but down 17.4% YoY; net loss $12.6M vs $9.5M loss YoY, includes debt extinguishment loss.
Grove Collaborative CFO Sergio Cervantes terminated; Tom Siragusa named interim CFO
CFO Sergio Cervantes terminated effective Feb 16, 2025.
CFO Sergio Cervantes to depart Feb 16; Tom Siragusa named interim CFO
Sergio Cervantes will depart as CFO effective Feb 16, 2025; departure not due to any disagreement with the company.
Grove Collaborative announces departure of Executive Chair and CTO
Stuart Landesberg steps down as Executive Chair effective Feb 17, 2025, becomes non-employee Board Chair.
Grove Collaborative repays $30.35M term loan, amends ABL facility to reduce liquidity hurdles
Repaid and terminated Term Loan Agreement in full; paid $30,349,672.50 to discharge all obligations.
Grove Q3 revenue $48.3M, net loss $1.3M; exits brick & mortar, revises FY guide to $200-205M
Revenue $48.3M, down 22% YoY; net loss $1.3M vs $9.8M loss YoY; Adj. EBITDA breakeven (0.1% margin).
Grove Collaborative dismisses EY, appoints Moss Adams as auditor for FY 2024
Audit Committee dismissed Ernst & Young LLP effective October 9, 2024; no disagreements or reportable events.
Grove Collaborative receives $15M PIPE from Volition Capital; plans to repay term debt
Volition Capital invests $15M in Series A' Convertible Preferred Stock at $1,000/share liquidation preference.
Grove Q2 revenue $52.1M (-21% YoY); positive adj EBITDA $1.1M, debt paydown $42M
Revenue of $52.1M, down 21.2% YoY; net loss $10.1M vs $10.9M loss YoY.
Grove Collaborative prepays $42M term loan, eases debt covenants and extends maturity to 2026
Prepaid $42M of principal on Term Loan Agreement dated Dec 2022.
Grove Collaborative stockholders elect directors and ratify Ernst & Young as auditor
John Replogle elected as Class II director with 53,150,664 votes for, 2,826,407 withheld.
Grove Q1 2024: Revenue $53.5M (-25.2%); Adj. EBITDA $1.9M positive, maintains FY guidance
Revenue $53.5M, down 25.2% YoY; net loss $3.4M vs $13.1M YoY loss.
Q4 net revenue $59.9M (-19.2% YoY); gross margin 54.4% (+740 bps YoY).
Additional disclosure and procedural requirements for stockholder nominations and proposals per Rule 14a-19.
Grove reports first Adjusted EBITDA profitable quarter; Q3 revenue $61.8M, down 20.6% YoY
First Adjusted EBITDA positive quarter: $0.2M (0.3% margin); record gross margin 53.8%.
Grove Collaborative appoints Jeff Yurcisin as CEO, receives $10M from Volition Capital
Jeff Yurcisin (former Zulily CEO) named CEO effective Aug 16; Stuart Landesberg becomes Executive Chair, John Replogle Lead Independent Director.
Grove Collaborative warrants to be delisted from NYSE due to abnormally low price; to trade OTC
NYSE halted trading in GROV.WS warrants on June 8, 2023, citing low trading price.
Grove Collaborative effects 1-for-5 reverse stock split
Effective June 5, 2023; every 5 outstanding shares converted into 1 share.
Board approves 1-for-5 reverse split after stockholder authorization for ratio between 1-for-5 and 1-for-25.
Grove Collaborative posts investor presentation; no specific disclosures provided
Investor presentation posted on IR website on May 12, 2023.
Net revenue $71.6M, down 20.9% YoY; gross margin record 52.1%, up 480 bps YoY.
Director Fumbi Chima resigns from Grove Collaborative board
Fumbi Chima resigned from the Board of Directors effective April 10, 2023.
Investor presentation posted on IR website on March 20, 2023; extracted text contains only cover slide and legal disclaimers.
Grove Q4 net revenue $74M (-15% YoY), net loss margin (17.1%); secures $35M credit facility
Q4 2022 net revenue $74.0M, down 15% YoY; gross margin 47.0% vs 45.0% prior year.
Grove Collaborative secures $72M term loan, issues ~4.95M shares to lenders
Four-year $72M term loan replaces existing SVB credit facilities; interest at greater of 15% or prime+7.5%.
Grove receives NYSE notice of non-compliance with $1.00 minimum share price; 6-month cure
Average closing price below $1.00 over 30 consecutive trading days triggered NYSE notice on Dec. 14, 2022.
Grove Q3 net revenue $77.7M, down 18% YoY; raises full-year guidance
Net revenue $77.7M, down 18% YoY and 2% sequentially.
Grove Collaborative elects Kevin Cleary to Board; former Clif Bar CEO
Kevin Cleary elected as Class II director effective October 20, 2022; term expires at 2024 Annual Meeting.
Grove Collaborative's Chief Legal and People Officer Delida Costin to depart Oct 28
Costin steps down as Chief Legal and People Officer and Secretary, effective October 28, 2022.
Grove Collaborative approves stock option exchange for underwater options, granting new RSUs
Holders of options with exercise price ≥$1.92 may exchange for new RSUs at ratios of 1.20:1 to 1.95:1 depending on price range.
Grove Collaborative to cut ~18% of corporate workforce (~55 employees) in reorganization
Workforce reduction of approximately 18% of corporate workforce, or about 55 employees.
Naytri Shroff Sramek, a member of the Board of Directors (the “Board”) of Grove Collaborative Holdings, Inc. (the “Company”), resigned from the Board, effective as of August 27, 2026.
On August 27, 2026, the Board appointed Jason Karp to serve on the Board as a member of Class III of the Board for a term expiring at the Company’s annual meeting of shareholders in 2028.
The Company previously announced the appointment of Tom Siragusa as interim chief financial officer, interim principal financial officer and interim principal accounting officer effective February 16, 2025.
the Company and Sergio Cervantes, the Chief Financial Officer of the Company agreed that Mr. Cervantes’ employment would be terminated, effective February 16, 2025
the Company and Sergio Cervantes, the Chief Financial Officer of the Company agreed that Mr. Cervantes’ would depart the Company, effective February 16, 2025
On January 6, 2025, the Company appointed Tom Siragusa the Company’s interim Chief Financial Officer effective February 16, 2025
The Board also appointed John Replogle as its lead independent director.
Stuart Landesberg, who will step down from his position as Chief Executive Officer of the Company and will assume the role of Executive Chair of the Company.
On August 11, 2023, the Board appointed Jeffrey Yurcisin as President and Chief Executive Officer of the Company, effective August 16, 2023
On April 10, 2023, Fumbi Chima notified Grove Collaborative Holdings, Inc. (the "Company") of her intent to resign from the Board of Directors (the "Board") of the Company, effective immediately.
On October 20, 2022, the Board of Directors (the "Board") of Grove Collaborative Holdings, Inc. (the "Company") elected Kevin Cleary as a director, effective immediately.
On October 13, 2022, Grove Collaborative Holdings, Inc. (the “Company”) and Delida A. Costin agreed that Ms. Costin would step down from her position as Chief Legal and People Officer and as Secretary of the Company, effective October 28, 2022.
Max materiality 0.85 · Median 0.60 · Most common event earnings