Grove Collaborative (NYSE:GROV) Releases Quarterly Earnings Results

Grove Collaborative (NYSE:GROV) posted its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03, FiscalAI reports. The business had revenue of $36.57 million during the quarter, compared to analysts’ expectations of $36.70 million.

Here are the key takeaways from Grove Collaborative’s conference call:

• Profitability and cash flow improved: Adjusted EBITDA was positive $0.5 million for the third consecutive quarter, while operating cash flow reached $1.3 million. Operating expenses fell 27% year over year.
• Revenue stabilized sequentially but remained under pressure: Second-quarter net revenue rose 1% quarter over quarter to $36.6 million, while declining 16.9% year over year; active customers and DTC orders fell roughly 23% year over year.
• Management is investing in future growth: Grove launched an improved subscription experience and drop-ship capabilities, plans to expand on Amazon, and expects disciplined increases in advertising and broader full-funnel customer acquisition.
• Full-year guidance was reaffirmed: Grove continues to expect 2026 revenue of $142.5 million to $152.5 million and adjusted EBITDA ranging from break-even to positive low single-digit millions, with sequential revenue improvement expected in each remaining quarter.
• CFO transition adds execution risk: CFO Tom Siragusa will leave on August 16 to pursue another opportunity, and the company is searching for his successor.

Grove Collaborative Stock Up 0.5%

NYSE:GROV traded up $0.01 during trading hours on Thursday, hitting $1.11. 19,262 shares of the company’s stock traded hands, compared to its average volume of 61,939. Grove Collaborative has a 52 week low of $1.04 and a 52 week high of $1.59. The firm has a market cap of $46.86 million, a P/E ratio of -4.29 and a beta of 1.04. The business’s fifty day simple moving average is $1.17 and its two-hundred day simple moving average is $1.27.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Grove Collaborative stock. Susquehanna International Group LLP raised its holdings in Grove Collaborative Holdings, Inc. (NYSE:GROV) by 371.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,637 shares of the company’s stock after buying an additional 53,283 shares during the quarter. Susquehanna International Group LLP owned about 0.16% of Grove Collaborative worth $101,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Grove Collaborative in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.00.

About Grove Collaborative

Grove Collaborative is a direct-to-consumer digital marketplace offering a broad assortment of sustainable home and personal care products. Operating as a public benefit corporation, the company provides an online platform designed to simplify the shopping experience for eco-friendly essentials, including cleaning supplies, personal care items, baby and family products, wellness goods and pet care.

The company’s business model centers on a subscription-based delivery service that enables members to schedule regular shipments of both third-party and private-label products.