Filing Flows › Grove Collaborative Holdings (GROV) › Q1 2026
Grove Collaborative Holdings (GROV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Grove Collaborative Holdings (GROV) reported revenue of $36.2M for the first quarter 2026 (Q1 2026), -17% from a year earlier and -15% from the quarter before. Operating margin was -2.5%, net loss $1.0M (2.8% of revenue).
Grove Collaborative Holdings, Q1 2026: revenue $36.2M (-17% year over year), operating margin -2.5%, net loss $1.0M, operating cash flow −$683K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.2M | -15% | -17% |
| Operating profit | −$901K | — | — |
| Net earnings | −$1.0M | — | — |
| Operating cash flow | −$683K | — | — |
What changed
Revenue was $36.2M in Q1 2026, down 17% year over year and down 15% from the previous quarter. Third-party products was the largest line at 54% of revenue. Third-party products lost $6.2M year over year (down 24%), 85% of the total change.
Gross margin was 54.8%, up 1.8 points from Q1 2025. Operating costs exceeded revenue by $901K, an operating margin of -2.5%. Operating expenses fell 22% while revenue fell 17%. The quarter ended with a net loss of $1.0M, narrower than the previous quarter's $1.6M loss.
Operating cash flow was −$683K. Non-cash charges added back $391K of depreciation and amortization and $806K of share-based compensation. Working capital and other items used $871K. Capital expenditures of $294K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Grove Collaborative Holdings' revenue in the first quarter 2026?
Grove Collaborative Holdings (GROV) reported revenue of $36.2M for the first quarter 2026 (Q1 2026), -17% from a year earlier and -15% from the quarter before.
Was Grove Collaborative Holdings profitable in the first quarter 2026?
Operating loss was $901K (-2.5% of revenue) and net loss $1.0M.