Grove Collaborative (NYSE:GROV) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Grove Collaborative (NYSE:GROV) announced its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03, FiscalAI reports. The firm had revenue of $36.57 million during the quarter, compared to the consensus estimate 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 Stock Performance

Shares of GROV traded up $0.01 during mid-day trading on Thursday, reaching $1.11. 19,262 shares of the company were exchanged, compared to its average volume of 38,152. The business has a 50 day simple moving average of $1.17 and a two-hundred day simple moving average of $1.27. The stock has a market capitalization of $46.85 million, a PE ratio of -4.29 and a beta of 1.04. Grove Collaborative has a 52 week low of $1.04 and a 52 week high of $1.59.

Analysts Set New Price Targets

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

Institutional Trading of Grove Collaborative

A hedge fund recently raised its position in Grove Collaborative stock. Susquehanna International Group LLP grew its position in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) by 371.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,637 shares of the company’s stock after purchasing an additional 53,283 shares during the quarter. Susquehanna International Group LLP owned about 0.16% of Grove Collaborative worth $101,000 as of its most recent SEC filing. 91.64% of the stock is owned by hedge funds and other institutional investors.

About Grove Collaborative

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.