Grove Collaborative Holdings (GROV) Company Report

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.