Grove Collaborative Q2 Revenue Drops 17% on Shrinking Customer Base
GROV is trading near its 52-week low of $1.04 (7.7% above the low).
Summary
Grove Collaborative's Q2 revenue fell 16.9% year-over-year to $36.6 million, driven by a smaller active customer base from reduced ad spending and lingering attrition from 2025 platform issues. The company posted a net loss of $920,000, or $0.03 per share, but achieved positive Adjusted EBITDA for the third consecutive quarter, helped by a 27% drop in operating expenses. Management reaffirmed full-year revenue guidance of $142.5 million to $152.5 million and expects sequential revenue improvement in the remaining quarters. The results highlight a trade-off between profitability and growth as the company scales back marketing to preserve cash. With a market cap around $47 million and shares near $1.12, the sustained EBITDA progress offers some offset to the top-line contraction.
At the time of this announcement, GROV was trading at $1.12 on NYSE in the Trade & Services sector, with a market capitalization of approximately $47.1M. The 52-week trading range was $1.04 to $1.60. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.