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Grove Collaborative Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.1M in Q2 2026 · −$1.1M over twelve months

Operating cash flow$1.3M
Capital spending−$157K
Free cash flow+$1.1M
Cash conversion cycle71 days

Analysis

In Q2 2026, Grove Collaborative Holdings generated $1.3M of operating cash flow and spent $157K on capital projects, leaving free cash flow of $1.1M. That is $562K more than in Q2 2025 ($556K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$477K; the largest uses were taxes on employees’ shares ($863K), other financing ($793K), capital spending ($645K); besides operations, cash came from shares issued ($224K), other investing ($15K); the cash balance fell by $2.5M.

Operating cash flow was $1.3M against net income of −$920K. The largest differences: payables −$2.4M, inventory +$2.0M, accrued liabilities +$1.4M.

Its cash conversion cycle was 71 days (receivables 1 + inventory 110 − payables 40).

Free cash flow

Grove Collaborative Holdings: free cash flow by quarterGrove Collaborative Holdings: free cash flow by quarter$264KQ3 2024−$95KQ4 2024−$7.4MQ1 2025$556KQ2 2025−$1.2MQ3 2025−$62KQ4 2025−$977KQ1 2026$1.1MQ2 2026
Operating cash flow less capital spending.
Grove Collaborative Holdings: operating cash flow against capital spendingGrove Collaborative Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$750K$486KQ3 2024$270K$365KQ4 2024−$6.9M$541KQ1 2025$987K$431KQ2 2025−$1.0M$161KQ3 2025−$29K$33KQ4 2025−$683K$294KQ1 2026$1.3M$157KQ2 2026
Latest (Q2 2026): Operating cash flow $1.3M, Capital spending $157K.

Capital allocation, year by year

Grove Collaborative Holdings: where the cash came from (up) and went (down), by fiscal yearGrove Collaborative Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$127MFY2021: Net borrowing $38.1MFY2021: Capital spending −$5.8MFY2021: Buybacks −$297K$38.1MFY2021FY2022: Operating cash flow −$96.3MFY2022: Net borrowing $65.6MFY2022: Shares issued $4.9MFY2022: Capital spending −$4.2MFY2022: Buybacks −$32K$70.6MFY2022FY2023: Operating cash flow −$8.0MFY2023: Net borrowing $6.9MFY2023: Shares issued $482KFY2023: Capital spending −$3.0M$7.4MFY2023FY2024: Operating cash flow −$9.7MFY2024: Shares issued $363KFY2024: Asset sales $136KFY2024: Capital spending −$1.8M$499KFY2024FY2025: Operating cash flow −$7.0MFY2025: Shares issued $248KFY2025: Asset sales $15KFY2025: Capital spending −$1.2MFY2025: Acquisitions −$2.8M$263KFY2025
Over these 5 years operating cash flow totalled −$248M; the largest uses were operating cash flow ($248M) and capital spending ($15.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$8.3M
Debt$7.5M
Net cash$845K
Cash runway7.4 years

Grove Collaborative Holdings is burning cash: its operations consume cash, a free cash flow of −$1.1M a year at the current rate against $8.3M of cash and investments: a runway of about 7.4 years before any new financing.

Where the cash came from and went

Grove Collaborative Holdings: sources (+) and uses (−) of cash, Q2 2026Grove Collaborative Holdings: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$1.3MCash drawn (+) / kept (−)−$985KTaxes on employees’ shares−$175KCapital spending−$157KOther financing$42K
Grove Collaborative Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Grove Collaborative Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Cash drawn (+) / kept (−)$2.5MTaxes on employees’ shares−$863KOther financing−$793KCapital spending−$645KOperating cash flow−$477KShares issued$224KOther investing$15K

From profit to cash

Grove Collaborative Holdings: net income to operating cash flow, Q2 2026Grove Collaborative Holdings: net income to operating cash flow, Q2 2026Net income−$920KDepreciation & amortization$399KStock-based pay$845KInventory$2.0MPayables−$2.4MAccrued liabilities$1.4MDeferred revenue$1.0MPrepaid and other assets−$816KOther liabilities−$105KOperating cash flow$1.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202611104071
Q1 202651104866

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$1.3M−$157K———−$985K$1.1M
Q1 2026−$683K−$294K———$1.4M−$977K
Q4 2025−$29K−$33K——$107K$517K−$62K
Q3 2025−$1.0M−$161K———$1.6M−$1.2M
Q2 2025$987K−$431K———−$444K$556K
Q1 2025−$6.9M−$541K−$2.8M——$10.8M−$7.4M
Q4 2024$270K−$365K——$128K$31.3M−$95K
Q3 2024$750K−$486K—−$42.0M—$27.0M$264K

Grove Collaborative Holdings: income statement and cash flow

Grove Collaborative Holdings, Q2 2026: revenue $36.6M (-17% year over year), operating margin -2.1%. The chart follows the revenue to costs, profit and cash.

Grove Collaborative Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.