Grove Collaborative's Q3 revenue down 9.4% on reduced advertising

Grove Collaborative Holdings

13/11/2025 21:35

Overview

Grove Collaborative Q3 revenue falls 9.4% yr/yr due to reduced advertising and platform issues

Net loss widens to $3.0 mln from $1.3 mln in prior year

Company executes reduction in force, expects $5 mln in annual savings

Outlook

Company expects full-year 2025 revenue at $172.5 - $175 mln

Company anticipates fourth-quarter revenue to remain roughly flat sequentially

Company expects fourth-quarter Adjusted EBITDA to be positive

Result Drivers

REDUCED ADVERTISING - Lower advertising spend in prior years led to fewer active subscribers and orders, impacting revenue

ECOMMERCE PLATFORM ISSUES - Disruptions from eCommerce platform migration negatively affected revenue

GROSS MARGIN IMPROVEMENT - Improved promotional efficiency and favorable product mix increased gross margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.08
Q3 Net Income
-$2.96 mln
Q3 Gross Profit
$23.32 mln
Q3 Operating Income
-$2.73 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Grove Collaborative Holdings Inc is $1.50, about 4.7% above its November 12 closing price of $1.43

Press Release: ID:nBw59Qywla

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)