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Grove Collaborative Holdings (GROV) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Grove Collaborative Holdings (GROV) Q2 2026 earnings results →
Q2 2026 Revenue down 17% year over year to $36.6M · 3¢ of every $1 of revenue lost · operating margin -2.1%
Grove Collaborative Holdings made $36.6M in Q2 2026 (-17% Y/Y): Third-party products $19.9M, Grove Brands $16.7M. Operating margin -2.1%, net loss $920K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $36.6M in Q2 2026, down 17% year over year and up 1% from the previous quarter. Third-party products was the largest line at 54% of revenue. Third-party products lost $6.3M year over year (down 24%), 85% of the total change.
Gross margin was 53.6%, down 1.9 points from Q2 2025. Operating costs exceeded revenue by $783K, an operating margin of -2.1%. Operating expenses fell 27% while revenue fell 17%. The quarter ended with a net loss of $920K, narrower than the previous quarter's $1.0M loss.
Operating cash flow was $1.3M (up 29% year over year). Non-cash charges added back $399K of depreciation and amortization and $845K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $157K left free cash flow of $1.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $36.6M | -17% | -2.1% | −$920K | $1.3M |
| Q1 2026 | 10-Q | May 7, 2026 | $36.2M | -17% | -2.5% | −$1.0M | −$683K |
| Q4 2025 | 10-K | Mar 5, 2026 | $42.4M | -14% | -3.7% | −$1.6M | −$29K |
| Q3 2025 | 10-Q | Nov 13, 2025 | $43.7M | -9% | -6.2% | −$3.0M | −$1.0M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $44.0M | -16% | -7.9% | −$3.6M | $987K |
| Q1 2025 | 10-Q | May 14, 2025 | $43.5M | -19% | -8.1% | −$3.5M | −$6.9M |
| Q4 2024 | 10-K | Mar 19, 2025 | $49.5M | -17% | -16.8% | −$12.6M | $270K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Grove Collaborative Holdings
Unless the context otherwise requires, all references in this subsection to the “Company,” “Grove,” “we,” “us” or “our” refer to Grove Collaborative Holdings, Inc. and its consolidated subsidiary following the Business Combination (as defined below), other than certain historical information that refers to the business of Grove Collaborative, Inc. prior to the consummation of the merger with Virgin Group Acquisition Corp. II. Such merger is referred to herein as the “Business Combination”. “Legacy Grove” refers to the Company prior to the Business Combination.
In its own words, from its 10-K, filed Mar 5, 2026.
Grove Collaborative Holdings against its Retail-Catalog & Mail-Order Houses peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -17% against the peers' median +8%. Operating margin: -2.1% against the peers' median 2.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GROV Grove Collaborative Holdings | Q2 2026 | $36.6M | -17% | -2.1% |
| AMZN Amazon.com | Q3 2026 | $201.9B | +12% | 13.9% |
| CPNG Coupang | Q3 2026 | $10.0B | +8% | -4.5% |
| CDW CDW | Q3 2026 | $6.8B | +18% | 7.2% |
| W Wayfair | Q3 2026 | $3.4B | +10% | 3.1% |
| CHWY Chewy | Q2 FY27 | $3.3B | +7% | 2.8% |
| NSIT Insight Enterprises | Q3 2026 | $2.4B | +22% | 2.8% |
| Old QVC Group | Q2 2026 | $2.0B | -11% | 2.6% |
| QVCG QVC Group | Q2 2026 | $1.8B | -11% | 3.5% |
Source: Grove Collaborative Holdings 10-Q on SEC EDGAR · CIK 1841761 · Retail-Catalog & Mail-Order Houses
13F: who owns GROV and who is buying
More on GROV
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results