Grove Collaborative Holdings, Inc. — fact timeline

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.

“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”

Grove Collaborative Holdings, Inc. reported the 12-month period ending December 31, 2026 results: revenue approximately $140 million to $150 million. Guidance initiated.

“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.”

Grove Collaborative Holdings, Inc. reported the year ended December 31, 2025 results: revenue $173.7 million, net income $11.7 million.

“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.”

Grove Collaborative Holdings, Inc. reported the quarter ended December 31, 2025 results: revenue $42.4 million, net income $1.6 million.

“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”

Grove Collaborative Holdings, Inc. engaged Baker Tilly US, LLP as its auditor.

“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm”

Moss Adams LLP resigned as auditor of Grove Collaborative Holdings, Inc..

“☐ Item 4.01 Changes in Registrant’s Certifying Accountant On June 3, 2025, Grove Collaborative Holdings, Inc., (the "Company") was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025.”

Grove Collaborative Holdings, Inc. received a nyse noncompliance notice notice regarding market value (rules 802.01B).

“May 15, 2025, Grove Collaborative Holdings, Inc. (the “Company”) received notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with the requirement of Section 802.01B of the New York Stock Exchange Listed Company Manual (the “NYSE Manual”) that the Company have an average market capitalization of not less than $50.0 million over a consecutive 30 trading-day period and stockholders’ equity of not less than $50.0 million (the “NYSE Notice”). Pursuant to the NYSE Notice, the Company is subject to the procedures set forth in Sections 801 and 802 of the NYSE Manual and”

Grove Collaborative Holdings, Inc.: Certificate of Incorporation amended via Certificate of Retirement to reduce total authorized shares from original amount to 700,000,000 following conversion of Class B Common Stock (effective 2025-04-15).

“Effective upon the filing, the Certificate of Retirement amended the Certificate of Incorporation to reduce the total authorized number of shares of capital stock of the Company.”

Tom Siragusa was appointed as interim chief financial officer at Grove Collaborative Holdings, Inc..

“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.”

Sergio Cervantes was terminated as Chief Financial Officer at Grove Collaborative Holdings, Inc..

“the Company and Sergio Cervantes, the Chief Financial Officer of the Company agreed that Mr. Cervantes’ employment would be terminated, effective February 16, 2025”

Tom Siragusa was appointed as interim Chief Financial Officer at Grove Collaborative Holdings, Inc..

“On January 6, 2025, the Company appointed Tom Siragusa the Company’s interim Chief Financial Officer effective February 16, 2025”

Sergio Cervantes departed as Chief Financial Officer at Grove Collaborative Holdings, Inc..

“the Company and Sergio Cervantes, the Chief Financial Officer of the Company agreed that Mr. Cervantes’ would depart the Company, effective February 16, 2025”

Grove Collaborative Holdings, Inc. engaged Moss Adams LLP as its auditor.

“On October 9, 2024 the Audit Committee of the Board of Directors (“Audit Committee”) of Grove Collaborative Holdings, Inc. (the “Company”) appointed Moss Adams LLP (“Moss Adams”) to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2024.”

Grove Collaborative Holdings, Inc. dismissed Ernst & Young LLP as its auditor.

“On October 9, 2024, the Company, with the approval of the Audit Committee, notified Ernst & Young LLP (“EY”) that EY was being dismissed as the Company’s independent registered public accounting firm, effective October 9, 2024.”

Grove Collaborative Holdings, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

“customers’ individual sustainability journeys and transform the industry into a force for human and environmental health.” First Quarter 2024 Financial Results Revenue , Net was $53.5 million, down 10.5% from the fourth quarter of 2023, and down 25.2% year-over-year. The sequential and year-over-year declines continue to be driven by a decrease in Direct to Consumer”

Grove Collaborative Holdings, Inc. reported fourth quarter and full year 2023 results: revenue $59.9 million. Guidance reaffirmed.

“full year and expect the momentum to continue into 2025 where we plan to be growing and profitable for the entire year.” Fourth Quarter 2023 Financial Results Revenue, Net was $59.9 million, down 3.1% from the third quarter of 2023, and down 19.2% year-over-year. The sequential and year-over-year declines were driven by a decrease in Direct to Consumer (“DTC”) 1”

Grove Collaborative Holdings, Inc.: The Board approved amendments and restatements of the Bylaws, including new procedural requirements for stockholder nominations, modifications to meeting conduct, conforming changes to Delaware law, and removal of certain lock-up provisions (effective 2023-11-27).

“On November 27, 2023, the Board of Directors (the “Board”) of Grove Collaborative Holdings, Inc.., a Delaware public corporation (the “Company”), approved an amendment and restatement of the Bylaws of the Company (as amended and restated, the “Amended and Restated Bylaws”).”

Grove Collaborative Holdings, Inc. reported fiscal third quarter ended September 30, 2023 results: revenue Net revenue of $61.8 million. Guidance raised.

“of 2022. Our Q3 results directly reflect the decisions we have made in prior quarters to set Grove up well for profitable growth in the second half of 2024. ● Net revenue of $61.8 million, down 6.6% from the second quarter of 2023, and down 20.6% year-over-year ● Gross margin of 53.8%, a record for the Company, improving 190 basis points from the second quarter of”

Grove Collaborative Holdings, Inc. reported fiscal second quarter ended June 30, 2023 results: revenue $66.1 million, net income Net loss margin of (16.4%). Guidance raised.

“rather than top line growth. Therefore, we believe that our sequential quarterly results are the best indicator of our current financial performance. ● Net revenue of $66.1 million, down 7.6% from the first quarter of 2023, and down 16.6% year-over-year, largely due to reductions in advertising spend as we focus on profitability. ● Gross margin of 51.9%,”

Grove Collaborative Holdings, Inc.: Filed Certificate of Designation establishing Series A Preferred Stock terms in connection with a private placement.

“the Company filed the Certificate of Designation with the Secretary of State of the State of Delaware on the Closing Date setting forth the terms, rights, obligations and preferences of the Series A Preferred Stock.”

Grove Collaborative Holdings, Inc. entered into Subscription Agreement with Volition Capital Fund IV, L.P. (effective 2023-08-11).

“On August 11, 2023 (the “Closing Date”), Grove Collaborative Holdings, Inc. (the “Company”) entered into a Subscription Agreement (the “Subscription Agreement”) with Volition Capital Fund IV, L.P. (the “Investor”)”

John Replogle was appointed as Lead Independent Director at Grove Collaborative Holdings, Inc..

“The Board also appointed John Replogle as its lead independent director.”

Stuart Landesberg changed role as Executive Chair at Grove Collaborative Holdings, Inc..

“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.”

Jeffrey Yurcisin was appointed as President and Chief Executive Officer at Grove Collaborative Holdings, Inc..

“On August 11, 2023, the Board appointed Jeffrey Yurcisin as President and Chief Executive Officer of the Company, effective August 16, 2023”

Grove Collaborative Holdings, Inc. received a nyse delisting notice notice regarding other (rules 802.01D).

“e Warrants. On June 9, 2023, the NYSE provided written notice to the Company and publicly announced that NYSE Regulation has determined to commence proceedings to delist the Warrants and that the Warrants are no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual. To effect the delisting, the NYSE will apply to the Securities and Exchange Commission to delist the Warrants pending completion of applicable procedures. The Company will not appeal the NYSE’s determination. As of June 12, 2023, the Warrants that previousl”

Grove Collaborative Holdings, Inc.: Filed a certificate of amendment to effect a 1-for-5 reverse stock split of common stock (effective 2023-06-05).

“On June 5, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment (the “Certificate of Amendment”) to amend the Company’s Certificate of Incorporation to effect the Reverse Stock Split as of 5:00 p.m., Eastern Time on June 5, 2023 (the "Effective Time").”

Grove Collaborative Holdings, Inc. shareholders approved Approval of an amendment to the Company's certificate of incorporation to effect a reverse stock split at the 2023-05-24 meeting.

“Votes For Votes Against Abstentions 481,599,189 2,268,268 218,922”

Grove Collaborative Holdings, Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023 at the 2023-05-24 meeting.

“Votes For Votes Against Abstentions 483,812,313 55,439 218,627”

Grove Collaborative Holdings, Inc. shareholders approved Election of two Class I directors to hold office until the 2026 annual meeting at the 2023-05-24 meeting.

“Director Votes For Votes Withheld Broker Non-Votes Stuart Landesberg 462,133,208 498,645 21,454,526 Kristine Miller 459,626,629 3,005,224 21,454,526”

Grove Collaborative Holdings, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue $71.6 million. Guidance raised.

“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”

Fumbi Chima resigned as Director at Grove Collaborative Holdings, Inc..

“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.”

Grove Collaborative Holdings, Inc. reported fiscal year ended December 31, 2022 results: revenue $321.5 million.

“Net revenue of $321.5 million, down 16% year-over-year”

Grove Collaborative Holdings, Inc. reported fourth quarter ended December 31, 2022 results: revenue $74.0 million.

“Net revenue of $74.0 million, down 5% from the third quarter of 2022, and down 15% year-over-year”

Grove Collaborative Holdings, Inc. incurred revolving credit of $35.0 million with Siena Lending Group LLC at base rate, plus an applicable margin, or Term SOFR rate then in effect, plus 0.1 maturing March 10, 2026.

“the Loan Agreement provides for a senior secured asset-based revolving credit facility with an initial commitment of $35.0 million”

Grove Collaborative Holdings, Inc. entered into Loan and Security Agreement with Siena Lending Group LLC valued at $35,000,000 (effective 2023-03-10).

“On March 10, 2023, Grove Collaborative Holdings, Inc., a Delaware public benefit corporation (“Holdings” or “the Company”) and Grove Collaborative, Inc., a Delaware public benefit corporation (“Grove”), as borrowers (Holdings and Grove, collectively, the “Borrowers”) entered into that certain Loan and Security Agreement (the “Loan Agreement”), among the Borrowers, each of the Subsidiaries of the Borrowers signatory thereto from time to time as guarantors and Siena Lending Group LLC, a Delaware limited liability company, as lender (in such capacity, the “Lender”). Among other things, the Loan Agreement provides for a senior secured asset-based revolving credit facility with an initial commitment of $35.0 million (the “Revolving Credit Facility”).”

Grove Collaborative Holdings, Inc. entered into Issuance Agreements with Structural Capital Investments III, LP and certain of its affiliates and Avenue Sustainable Solutions Fund, L.P. (effective 2022-12-21).

“On December 21, 2022, in connection with the Loan Agreement, the Company entered into two Security Issuance Agreements (the “Issuance Agreements”), one with Structural Capital Investments III, LP and certain of its affiliates (the “Structural Investors”) and one with Avenue Sustainable Solutions Fund, L.P. (the “Avenue Investor” and, together with the Structural Investors, the “Investors”).”

Grove Collaborative Holdings, Inc. entered into Loan Agreement with Ocean II PLO LLC and the lending institutions party thereto valued at $72.0 million (effective 2022-12-21).

“On December 21, 2022, Grove Collaborative Holdings, Inc., a Delaware public benefit corporation (“Holdings”), and Grove Collaborative, Inc., a Delaware public benefit corporation (“Grove”), as borrowers (Holdings and Grove, collectively, the “Borrowers”) entered into that certain Loan and Security Agreement, dated as of December 21, 2022 (the “Loan Agreement”), among Holdings, Grove, Ocean II PLO LLC, a California limited liability company, as administrative and collateral agent (the “Agent”), and the lending institutions party thereto.”

Grove Collaborative Holdings, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“December 14, 2022, Grove Collaborative Holdings, Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the average per share trading price of its common stock (the “Common Stock”) was below the NYSE’s continued listing standard rule relating to minimum average share price. Rule 802.01C of the NYSE’s Listed Company Manual requires that a company’s common stock trade at a minimum average closing price of $1.00 over a consecutive 30 trading-day period. Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the”

Grove Collaborative Holdings, Inc. reported third quarter of fiscal 2022 ended September 30, 2022 results: revenue $77.7 million. Guidance raised.

“Net revenue of $77.7 million, down 2% from the second quarter of 2022, and down 18% year-over-year”

Kevin Cleary was elected as director at Grove Collaborative Holdings, Inc..

“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.”

Delida A. Costin departed as Chief Legal and People Officer at Grove Collaborative Holdings, Inc..

“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.”

Fumbi Chima was elected as director at Grove Collaborative Holdings, Inc..

“On June 16, 2022, the Board elected Fumbi Chima as a director, effective immediately.”