Grove Collaborative (NYSE:GROV) Releases Quarterly Earnings Results

Grove Collaborative (NYSE:GROV) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03, FiscalAI reports. The company had revenue of $36.57 million for 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 Trading Down 3.1%

Shares of Grove Collaborative stock traded down $0.04 during trading on Friday, reaching $1.08. The company’s stock had a trading volume of 21,160 shares, compared to its average volume of 61,667. The firm has a market cap of $45.59 million, a PE ratio of -4.17 and a beta of 1.04. Grove Collaborative has a fifty-two week low of $1.01 and a fifty-two week high of $1.59. The company has a 50-day moving average price of $1.17 and a two-hundred day moving average price of $1.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Grove Collaborative stock. Susquehanna International Group LLP lifted its holdings in Grove Collaborative Holdings, Inc. (NYSE:GROV) by 371.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,637 shares of the company’s stock after buying an additional 53,283 shares during the period. Susquehanna International Group LLP owned about 0.16% of Grove Collaborative worth $101,000 as of its most recent SEC filing. Institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grove Collaborative in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.00.

Grove Collaborative Company Profile

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.