Grove Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net revenue $36.8 million, down 15.8% year-over-year
- ➤Adjusted EBITDA positive $1.4 million, fourth consecutive quarter of profitability
- ➤Net income $0.1 million versus prior-year $3.0 million net loss
- ➤Full-year revenue guidance narrowed to approximately $144 million-$146 million
- ➤Fourth-quarter revenue expected modestly below Q3, with no comparable $1.2 million QVC program
Expert Statements
Jeff Yurcisin, Chief Executive Officer of Grove Collaborative
“Third quarter results reflect the operating discipline we have built over the past several quarters. Net Revenue grew sequentially for the second consecutive quarter to $36.8 million. We also delivered positive Adjusted EBITDA for the fourth consecutive quarter, and delivered positive Adjusted EBITDA and net income in the same quarter for the first time since becoming a publicly-traded company.”
Jeff Yurcisin, Chief Executive Officer of Grove Collaborative
“Our focus remains on returning Grove to revenue growth while building a durable, profitable business grounded in customer trust that rests on curation, ingredient standards, and product vetting that no ecommerce player rivals.”
Jeff Yurcisin, Chief Executive Officer of Grove Collaborative
“We have delivered a meaningfully improved customer experience, a new subscription experience, and a larger curated offering of healthier-home categories through our dropship capabilities.”
Jeff Yurcisin, Chief Executive Officer of Grove Collaborative
“We are doing this with human health at the center, building the trusted destination for families who care about what comes into their home while maintaining the expense discipline we have demonstrated in prior quarters.”
Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or the “Company”), the world’s first plastic neutral retailer and a leading sustainable consumer products company, certified B Corporation, and Public Benefit Corporation, today reported financial results for its fiscal third quarter ended September 30, 2026.
* Total Net Revenue was $36.8 million, down 15.8% year-over-year, but up 0.7% sequentially — the second consecutive quarter of sequential Net Revenue growth.
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