Filing Flows › Grove Collaborative Holdings (GROV) › Q4 2024
Grove Collaborative Holdings (GROV) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 19, 2025
Grove Collaborative Holdings (GROV) reported revenue of $49.5M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +3% from the quarter before. Operating margin was -16.8%, net loss $12.6M (25.5% of revenue).
Grove Collaborative Holdings, Q4 2024: revenue $49.5M (-17% year over year), operating margin -16.8%, net loss $12.6M, operating cash flow $270K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.5M | +3% | -17% |
| Operating profit | −$8.3M | — | — |
| Net earnings | −$12.6M | — | — |
| Operating cash flow | $270K | -64% | -76% |
What changed
Revenue was $49.5M in Q4 2024, down 17% year over year and up 3% from the previous quarter. Third-party products was the largest line at 60% of revenue.
Gross margin was 52.4%, down 2.0 points from a year earlier. Operating costs exceeded revenue by $8.3M, an operating margin of -16.8%. Operating expenses fell 15% while revenue fell 17%. The quarter ended with a net loss of $12.6M, wider than the previous quarter's $1.3M loss.
Operating cash flow was $270K (down 76% year over year). Non-cash charges added back $2.4M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $7.8M. Capital expenditures of $365K exceeded it, leaving free cash flow of −$95K.
Questions
What was Grove Collaborative Holdings' revenue in the fourth quarter 2024?
Grove Collaborative Holdings (GROV) reported revenue of $49.5M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +3% from the quarter before.
Was Grove Collaborative Holdings profitable in the fourth quarter 2024?
Operating loss was $8.3M (-16.8% of revenue) and net loss $12.6M.