Grove Collaborative Holdings (GROV) Financial Statements & Analysis

Grove Collaborative Holdings (GROV) Income Statement

Grove Collaborative Holdings reported revenue of $173.72M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 14.6% from $203.43M a year earlier. Grove Collaborative Holdings posted a net loss of $13.22M, compared with a net loss of $27.42M a year earlier. Gross margin was 53.7% and operating margin -6.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $36.57M, down 16.9% from the same quarter a year earlier.

Grove Collaborative Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Grove Collaborative Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	173.72	203.43	259.28	321.53	383.69	364.27	233.12
Cost of Revenue	80.44	94.08	121.92	166.88	195.18	188.27	149.68
Gross Profit	93.27	109.35	137.36	154.65	188.50	176.00	83.44
Operating Expenses
Research & Development	7.48	18.46	16.40	22.50	23.41	18.66	13.60
Selling, General & Administrative	97.11	103.17	156.22	273.13	293.95	223.84	233.00
Operating Expenses	104.59	121.63	172.62	295.64	317.36	242.50	246.60
Operating Income	-11.32	-12.28	-35.26	-140.98	-128.86	-66.49	-163.17
Other Income/Expense
Interest Income	0.00	0.00	3.77	0.00	0.00	0.00	0.00
Interest Expense	1.23	12.78	-16.08	-9.69	-5.20	-5.61	2.05
Other Income/Expense	-0.37	-15.10	-7.93	53.32	-6.99	-0.12	1.71
Income
Income Before Tax	-11.68	-27.38	-43.19	-87.66	-135.84	-72.22	-161.46
Income Tax Expense	0.03	0.04	0.04	0.05	0.05	0.04	0.01
Net Income	-13.22	-27.42	-44.42	-87.72	-135.90	-72.26	-161.47
Net Income - Continuous Operations	-11.72	-27.42	-43.23	-87.72	-135.90	-72.26	-161.47
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-10.14	-4.79	-33.54	-138.87	-126.36	-64.08	-157.05
EBIT	-11.32	-14.61	-35.26	-140.98	-128.86	-66.49	-
Depreciation & Amortization	1.68	9.82	1.72	2.12	2.49	2.42	2.36
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-5.00	-79.00	-67.00	-5.00
Diluted EPS	-	-1.00	-1.00	-5.00	-79.00	-67.00	-5.00
Basic Shares Outstanding	39.05	37.04	34.80	18.10	1.71	1.07	11.80
Diluted Shares Outstanding	39.05	37.04	34.80	18.10	1.71	1.07	11.80

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Grove Collaborative Holdings Financial Statements

What was Grove Collaborative Holdings's revenue in fiscal 2025?

Grove Collaborative Holdings reported revenue of $173.72M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 14.6% from $203.43M a year earlier.

Is Grove Collaborative Holdings profitable?

No. Grove Collaborative Holdings reported a net loss of $13.22M in fiscal 2025. In fiscal 2024 it lost $27.42M.

What is Grove Collaborative Holdings's operating margin?

Grove Collaborative Holdings's operating income was −$11.32M on revenue of $173.72M in fiscal 2025, an operating margin of -6.5%, compared with -6.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition