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

Grove Collaborative (NYSE:GROV) posted its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03, FiscalAI reports. The company 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 Up 0.5%

GROV traded up $0.01 on Thursday, hitting $1.11. The company had a trading volume of 19,262 shares, compared to its average volume of 61,939. The business’s fifty day simple moving average is $1.17 and its 200 day simple moving average is $1.27. The company has a market cap of $46.86 million, a PE ratio of -4.29 and a beta of 1.04. Grove Collaborative has a 12-month low of $1.04 and a 12-month high of $1.59.

Hedge Funds Weigh In On Grove Collaborative

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 MarketBeat.com, Grove Collaborative currently has an average rating of “Hold” and a consensus price target of $2.00.

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.