Filing Flows › Grove Collaborative Holdings (GROV) › Q1 2025
Grove Collaborative Holdings (GROV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Grove Collaborative Holdings (GROV) reported revenue of $43.5M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -12% from the quarter before. Operating margin was -8.1%, net loss $3.5M (8.1% of revenue).
Grove Collaborative Holdings, Q1 2025: revenue $43.5M (-19% year over year), operating margin -8.1%, net loss $3.5M, operating cash flow −$6.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.5M | -12% | -19% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$6.9M | -2645% | — |
What changed
Revenue was $43.5M in Q1 2025, down 19% year over year and down 12% from the previous quarter. Third-party products was the largest line at 60% of revenue. Grove Brands lost $5.4M year over year (down 24%), 54% of the total change.
Gross margin was 53.0%, down 2.6 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -8.1%. Operating expenses fell 12% while revenue fell 19%. The fastest-growing cost line was Other operating costs (+37%). The quarter ended with a net loss of $3.5M, narrower than the previous quarter's $12.6M loss.
Operating cash flow was −$6.9M. Non-cash charges added back $378K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $4.7M. Capital expenditures of $541K exceeded it, leaving free cash flow of −$7.4M.
Questions
What was Grove Collaborative Holdings' revenue in the first quarter 2025?
Grove Collaborative Holdings (GROV) reported revenue of $43.5M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -12% from the quarter before.
Was Grove Collaborative Holdings profitable in the first quarter 2025?
Operating loss was $3.5M (-8.1% of revenue) and net loss $3.5M.