Grove Collaborative Q4 revenue falls due to fewer orders

Grove Collaborative Holdings

05/03/2026 21:34

Overview

Sustainable consumer products firm's Q4 revenue fell 14.3% yr/yr due to fewer orders

Adjusted EBITDA turned positive at $1.6 mln, improving from a loss last year

Net loss narrowed to $1.6 mln, down from $12.6 mln last year

Outlook

Grove expects 2026 revenue between $140 mln and $150 mln

Company forecasts breakeven Adjusted EBITDA for 2026

Result Drivers

ECOMMERCE MIGRATION - Revenue decline attributed to fewer orders due to ecommerce platform migration disruptions and reduced advertising investment

COST OPTIMIZATION - Operating expenses decreased 29.7% due to cost optimization initiatives, including a reduction in force and lower advertising expenses

8GREENS CONTRIBUTION - QVC revenue from 8Greens acquisition partially offset revenue decline

Company press release: ID:nBw159L0Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$42.40 mln
Q4 EPS
-$0.05
Q4 Net Income
-$1.58 mln
Q4 Gross Profit
$22.49 mln
Q4 Operating Income
-$1.59 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 $2.00, about 51.5% above its March 4 closing price of $1.32

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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.)