Grove Collaborative Q2 revenue falls on smaller active customer base
GROV•Key quarterly details
| Metric | Actual |
|---|---|
| Q2 Loss Per Share | $0.03 |
| Q2 Net Loss | $920,000 |
| Q2 Gross Profit | $19.59 million |
| Q2 Operating Loss | $783,000 |
The one available analyst rating on the shares is "buy." The average consensus recommendation for the online services peer group is "buy." Wall Street's median 12-month price target for Grove Collaborative Holdings Inc is $2.00, about 80.2% above its August 5 closing price of $1.11.
Outlook and operating trends
- Grove reaffirms 2026 net revenue guidance of $142.5 million to $152.5 million.
- Company maintains 2026 Adjusted EBITDA guidance of breakeven to positive low single-digit millions.
- Grove expects sequential net revenue improvement in each remaining 2026 quarter.
Sequential revenue growth was driven by gains in non-DTC channels, mainly QVC and Amazon, partially offset by a slight decline in DTC revenue. Operating expenses fell 27% year over year due to reduced headcount, lower fulfillment costs, and decreased advertising spend.
Q2 revenue declines as active customer base shrinks
- US sustainable consumer goods retailer's fiscal Q2 revenue fell 16.9% year over year.
- Adjusted EBITDA was positive for the third straight quarter, reflecting operating discipline.
- Company reaffirmed full-year net revenue and Adjusted EBITDA guidance.
