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GROV

Grove Collaborative Holdings, Inc.

GROV

Grove Collaborative Holdings, Inc. • NYSE
$1.37 ▲ 2.24% (+0.03)
Market Cap $56.70 M
52w High $1.95
52w Low $1.02
Dividend Yield 0%
P/E -2.14
Volume 147.44K
Outstanding Shares 41.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $43.734M ▼ $26.053M ▼ $-2.96M ▲ -6.768% ▲ $-0.08 ▲ $-2.241M ▲
Q2-2025 $44.026M ▲ $27.885M ▲ $-3.626M ▼ -8.236% ▼ $-0.1 $-2.823M ▼
Q1-2025 $43.547M ▼ $26.572M ▼ $-3.547M ▲ -8.145% ▲ $-0.1 ▲ $-2.814M ▲
Q4-2024 $49.501M ▲ $34.275M ▲ $-12.635M ▼ -25.525% ▼ $-0.34 ▼ $-8.617M ▼
Q3-2024 $48.28M $32.348M $-1.336M -2.767% $-0.04 $4.391M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.907M ▼ $54.647M ▼ $46.023M ▼ $8.624M ▼
Q2-2025 $10.049M ▲ $57.826M ▼ $47.062M ▲ $10.764M ▼
Q1-2025 $9.605M ▼ $59.838M ▼ $46.714M ▼ $13.124M ▼
Q4-2024 $19.627M ▼ $65.01M ▼ $48.787M ▼ $16.223M ▼
Q3-2024 $50.762M $105.193M $78.831M $26.362M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.96M ▲ $-1.04M ▼ $-148K ▲ $-454K ▼ $-1.642M ▼ $-1.201M ▼
Q2-2025 $-3.626M ▼ $987K ▲ $-431K ▲ $-112K ▲ $444K ▲ $556K ▲
Q1-2025 $-3.547M ▲ $-6.872M ▼ $-3.389M ▼ $-536K ▲ $-10.797M ▲ $-7.413M ▼
Q4-2024 $-12.635M ▼ $270K ▼ $-322K ▲ $-31.233M ▼ $-31.285M ▼ $-95K ▼
Q3-2024 $-1.336M $750K $-393K $-27.402M $-27.045M $264K

Five-Year Company Overview

Income Statement

Income Statement Grove’s business is still in “turnaround” mode. Sales have been drifting down over the last few years instead of growing, which is unusual for a young consumer brand. On the positive side, the company has been steadily shrinking its operating losses and moving closer to break-even on an operating cash basis. Gross profit has held up reasonably well, but the company remains clearly unprofitable, so the path to sustainable profit is still a work in progress rather than a done deal.

Balance Sheet

Balance Sheet The balance sheet looks thin and somewhat fragile. Total assets and shareholder equity have both come down meaningfully from earlier levels, suggesting past losses and a reduced financial cushion. Cash is modest, and while debt has been trimmed back, there is not a lot of room for big mistakes or aggressive investment without fresh capital. The prior reverse stock split and SPAC history also hint at past market pressure and potential dilution risk if more funding is needed.

Cash Flow

Cash Flow Grove continues to use cash rather than generate it. Operating and free cash flow have been negative for several years, though the cash burn appears to be moderating as costs are tightened and the business is reshaped. Capital spending is low, which helps, but the company still depends on careful working capital management and, potentially, outside financing to support operations until it can consistently generate cash on its own.

Competitive Edge

Competitive Edge Grove has carved out a clear niche: sustainable, health- and eco-focused home and personal products aimed at “conscious consumers.” Its strengths are brand trust around ingredient standards, a curated marketplace, and a direct-to-consumer model that gives rich data on customer behavior. At the same time, it operates in a crowded space dominated by very large consumer brands and retailers that are also leaning into sustainability messaging. Grove’s choice to refocus on direct-to-consumer and step back from physical retail sharpens its strategy, but it also concentrates execution risk in a single primary channel where marketing and fulfillment costs can be high.

Innovation and R&D

Innovation and R&D Innovation is a real bright spot. Grove is not just selling “green” products; it is experimenting with new packaging formats, plastic reduction, refill systems, and even open-source tools to measure the carbon impact of its own AI usage. The Beyond Plastic Impact Tracker and the move toward aluminum packaging give the brand a distinctive story and tangible proof points around sustainability. Migrating its tech stack to established e-commerce and subscription platforms should free resources to focus more on product and customer experience. Future moves into health and wellness broaden the opportunity, but also add execution complexity and the need to prove that the brand can stretch credibly beyond home care.

Summary

Overall, Grove looks like a mission-driven, innovation-heavy consumer brand that is still trying to find stable financial footing. The company has a differentiated position with environmentally conscious customers and a strong narrative around plastic reduction and transparency. At the same time, sales have been shrinking rather than growing, the balance sheet is relatively lean, and the business has yet to demonstrate durable profits or positive cash generation. The story from here is mainly about execution: can management stabilize and then grow revenue in its direct-to-consumer model, maintain its brand edge as larger players pile into “green” offerings, and turn operational improvements into consistent profitability and cash flow, all without overextending a limited financial base?

NEWS

November 13, 2025 · 4:10 PM UTC

Grove Announces Third Quarter 2025 Financial Results

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October 30, 2025 · 4:10 PM UTC

Grove to Report Third Quarter 2025 Financial Results on November 13, 2025

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September 22, 2025 · 8:00 AM UTC

Grove Launches New Open-Source Approach to Sustainable AI Measurement

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