Earnings Releases·Nov 10, 2026, 4:05 PM ET

Grove Collaborative Holdings, Inc. — Third Quarter 2026 Earnings Summary

Total net revenue decreased 15.8% year-over-year to $36.8 million (up 0.7% sequentially), while Adjusted EBITDA turned positive $1.4 million (3.7% margin) and Net Income reached $0.1 million, marking the fourth consecutive quarter of positive Adjusted EBITDA.
Full-year 2026 guidance was narrowed to $144–$146 million in net revenue and $1–$2 million in Adjusted EBITDA, down from previous ranges, as the company anticipates Q4 revenue to be modestly below Q3 levels due to the absence of a comparable QVC program.
Gross margin improved 250 basis points to 55.8% and operating expenses fell 22.1% to $20.3 million, though DTC active customers and total orders declined 30.6% and 23.6% respectively year-over-year due to reduced advertising spend and prior platform disruptions.
A $1.2 million tariff refund contributed to profitability figures, while the company maintained a debt-free current position with $11.1 million in cash and deferred revenue rising to $6.578 million.