Grove Collaborative Holdings Inc (NYSE:GROV)

Q2 2026 Grove Collaborative Holdings Inc Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $1.12 (+0.90%)

Transcript 10-Q8-K

Key Points

Positve

Grove Collaborative Holdings Inc (GROV) delivered its third consecutive quarter of positive adjusted EBITDA, with Q2 2026 reaching $0.5 million, or a 1.3% margin.
The company achieved positive operating cash flow of $1.3 million in Q2 2026, increasing its cash position to $11.4 million from $10.4 million in Q1.
Net revenue grew 1% sequentially to $36.6 million, and D2C net revenue per order increased 6.1% year-over-year to $69.19, driven by category expansion and a more targeted promotional strategy.
Grove Collaborative Holdings Inc (GROV) launched an updated subscription experience and new dropship capabilities, which are expected to expand product selection into new categories like mattresses and air filtration without significant inventory costs.
The company is planning to increase advertising investment with a full-funnel approach in the second half of 2026, supported by improved customer experience and retention metrics, and reaffirmed its full-year 2026 guidance for revenue and adjusted EBITDA.

Negative

Net revenue declined 16.9% year-over-year to $36.6 million, reflecting a smaller active customer base and the lingering effects of reduced advertising investment and e-commerce platform disruptions.
Active customers fell 23.3% year-over-year to 509,000, and D2C total orders decreased 23.6% to 489,000, indicating continued customer attrition.
Gross margin contracted by 190 basis points year-over-year to 53.6%, due to one-time inventory disposals and the sell-through of previously reserved inventory that did not reoccur.
Advertising investment was slashed by 54.6% year-over-year to $1.2 million, which, while strategic, has contributed to the significant decline in customer acquisition and revenue.
The company is undergoing a CFO transition, with Tom Siragusa departing on August 16, 2026, which could introduce leadership uncertainty during a critical growth phase.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GROV.N - Grove Collaborative Holdings Inc
Q2 2026 Grove Collaborative Holdings Inc Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. And thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s second quarter 2026 earnings conference call. At this time, all lines have been placed on listen-only mode to prevent any background noise. Following the speaker's remarks, we will open up your lines for questions. As a reminder, this conference call is being recorded.

Hosting today's call are Grove's CEO, Jeff Yerkeson and CFO, Tom Siragusa.

Some of the statements made today about future prospects, financial results, business strategies, industry trends, and Grove's ability to successfully respond to business risks may be considered forward-looking, including statements relating to moving to

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