Earnings ·
Grove Collaborative reports Q3 net revenue of $36.8M and positive Adjusted EBITDA of $1.4M
GROVGrove Collaborative Holdings, Inc.
Grove Collaborative Holdings reported third-quarter 2026 net revenue of $36.8 million, a 15.8% decline year-over-year but a 0.7% sequential increase driven by QVC sales. The company posted positive Adjusted EBITDA of $1.4 million for the fourth consecutive quarter and returned to net income of $0.1 million, aided by a $1.2 million tariff refund. Operating expenses fell 22.1% year-over-year to $20.3 million due to reduced headcount and advertising spend. The company narrowed its full-year 2026 revenue guidance to approximately $144 million–$146 million and expects fourth-quarter net revenue to be modestly below the third quarter. Grove Collaborative Holdings operates as an online retailer of sustainable household, personal care, and health products.