Filing Flows › Grove Collaborative Holdings (GROV) › Q2 2026 › vs Q2 2025
Grove Collaborative Holdings (GROV) Q2 2026 vs Q2 2025 (year over year)
Grove Collaborative Holdings's revenue fell $7.5M (-17%) from $44.0M in Q2 2025 to $36.6M in Q2 2026. The biggest changes: Third-party products −$6.3M (-24%); Grove Brands −$1.1M (-6%).
Grove Collaborative Holdings, Q2 2026: revenue $36.6M (-17% year over year), operating margin -2.1%, net loss $920K, operating cash flow $1.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 3.1% | 1.3% | +1.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Third-party products | $19.9M | $26.2M | −$6.3M | -24% |
| Grove Brands | $16.7M | $17.8M | −$1.1M | -6% |
| Revenue | $36.6M | $44.0M | −$7.5M | -17% |
| Net loss | $920K | $3.6M | −$2.7M | -75% |
| Costs & expenses | $37.5M | $47.7M | −$10.2M | -21% |
| Operating costs | $37.4M | $47.5M | −$10.2M | -21% |
| Interest & other, net | $129K | $126K | $3K | +2% |
| Income tax | $8K | $10K | −$2K | -20% |
| Cost of revenue | $17.0M | $19.6M | −$2.6M | -13% |
| Research & development | $1.5M | $2.2M | −$694K | -31% |
| SG&A | $17.6M | $23.0M | −$5.3M | -23% |
| Other operating costs | $1.2M | $2.7M | −$1.5M | -55% |
| Operating cash sources | $2.2M | $4.6M | −$2.4M | -52% |
| Depreciation & amortization | $399K | $488K | −$89K | -18% |
| Share-based compensation | $845K | $1.4M | −$533K | -39% |
| Working capital & other | $951K | $2.7M | −$1.8M | -65% |
| Net loss absorbed | $920K | $3.6M | −$2.7M | -75% |
| Operating cash flow | $1.3M | $987K | $288K | +29% |
| Free cash flow (OCF − capex) | $1.1M | $556K | $562K | +101% |
| Capital expenditures | $157K | $431K | −$274K | -64% |
Questions
How much did Grove Collaborative Holdings's revenue grow year over year in Q2 2026?
Grove Collaborative Holdings's revenue fell $7.5M (-17%) from $44.0M in Q2 2025 to $36.6M in Q2 2026.
What drove Grove Collaborative Holdings's revenue change in Q2 2026?
Third-party products −$6.3M (-24%); Grove Brands −$1.1M (-6%).