Earnings summaries and quarterly performance for Grove Collaborative Holdings.
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Grove Collaborative Holdings Reports Q3 2025 Results and Updates Full-Year Guidance
GROV
Earnings
Guidance Update
Layoffs
- Grove Collaborative Holdings reported Q3 2025 revenue of $43.7 million, a 0.7% sequential decline and 9.4% year-over-year decrease, marking its smallest year-over-year decline since Q4 2021.
- The company's adjusted EBITDA for Q3 2025 was negative $1.2 million, or a negative 2.7% margin.
- Full-year 2025 revenue guidance was updated to $172.5 million-$175 million, at the lower end of the previous range, with no anticipated year-over-year growth in Q4. However, Q4 adjusted EBITDA is expected to be positive, contributing to a full-year adjusted EBITDA guidance of negative low single-digit millions to breakeven.
- The revised outlook is primarily attributed to an intentional pullback in advertising spend and customer experience challenges related to the mobile app, subscriptions, and payments following the e-commerce platform migration.
- In November, Grove executed a headcount reduction anticipated to deliver approximately $5 million in annualized savings, and Tom Siragusa was formally appointed as permanent CFO effective October.
Nov 13, 2025, 10:00 PM
Grove Co. Reports Q3 2025 Results and Provides 2025 Guidance
GROV
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Grove Co. reported Q3 2025 revenue of $43.7 million, representing a 9.4% year-over-year decline, which is the smallest decline since Q4 2021. The company achieved a gross margin of 53.3% for the quarter.
- For Q3 2025, Grove Co.'s Adjusted EBITDA was -$1.2 million and Operating Cash Flow was -$1.0 million.
- The company anticipates positive Adjusted EBITDA in Q4 2025 and expects Q4 revenue to remain roughly flat sequentially.
- Grove Co.'s full year 2025 guidance projects revenue between $172.5 million and $175 million, with Adjusted EBITDA expected to be in the negative low-single-digit millions to breakeven range.
- The company has significantly reduced its gross debt to $7.5 million as of Q3 2025, having fully repaid its term debt in Q4 2022.
Nov 13, 2025, 10:00 PM
Grove Collaborative Holdings, Inc. Reports Q3 2025 Financial Results and Updates Guidance
GROV
Earnings
Guidance Update
Layoffs
- Grove Collaborative Holdings, Inc. reported Q3 2025 revenue of $43.7 million, representing a 9.4% year-over-year decrease, and a net loss of $3.0 million. The company's Adjusted EBITDA loss for the quarter was $1.2 million.
- The company implemented a reduction in force in November, which is expected to result in approximately $5 million of annualized savings.
- Grove continues to evaluate strategic options to accelerate scale, strengthen its competitive position, and enhance shareholder value.
- For the full year 2025, revenue is now anticipated to be at the lower end of the $172.5 million to $175 million guidance range. Fourth-quarter revenue is expected to remain roughly flat sequentially, and Adjusted EBITDA is projected to be positive.
Nov 13, 2025, 9:08 PM
Grove Collaborative Amends Loan Agreement
GROV
Debt Issuance
- On September 26, 2025, Grove Collaborative Holdings, Inc. and Grove Collaborative, Inc. (as borrowers) entered into Amendment No. 4 to their Loan and Security Agreement with Siena Lending Group LLC.
- This amendment includes certain credit card receivables in the borrowing base, subject to specified eligibility criteria, which could enhance the company's borrowing capacity.
- The underlying ABL Loan Agreement has a Maximum Revolving Facility Amount of $35,000,000 and a Scheduled Maturity Date of April 10, 2028.
Sep 30, 2025, 8:21 PM
Quarterly earnings call transcripts for Grove Collaborative Holdings.
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