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How Grove Collaborative Holdings (GROV) makes money

Grove Collaborative Holdings (GROV) made $36.6M of revenue in the second quarter 2026 (Q2 2026), -17% from a year earlier. Third-party products brought in $19.9M (54%); Grove Brands brought in $16.7M (46%).

Drawing the Sankey…

Grove Collaborative Holdings revenue by segment, Q2 2026Grove Collaborative Holdings revenue by segment, Q2 2026Third-party products$19.9MGrove Brands$16.7M
Grove Collaborative Holdings: revenue by line, Q4 2024 to Q2 2026Grove Collaborative Holdings: revenue by line, Q4 2024 to Q2 2026Third-party productsGrove BrandsThird-party products: $19.9M latest$19.9MGrove Brands: $16.7M latest$16.7MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Grove Brands went from 40% of revenue in Q4 2024 to 46% in Q2 2026, the largest shift in the mix.
Grove Collaborative Holdings revenue by quarterGrove Collaborative Holdings revenue by quarter$49.5MQ4 2024$43.5MQ1 2025$44.0MQ2 2025$43.7MQ3 2025$42.4MQ4 2025$36.2MQ1 2026$36.6MQ2 2026
Grove Collaborative Holdings: where each dollar of revenue goesGrove Collaborative Holdings: where each dollar of revenue goesIncome tax0¢Operating cash flow3¢Free cash flow3¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Third-party products$19.9M54.4%+0.8%-24%
Grove Brands$16.7M45.6%+1%-6%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$36.6M100.0%
Income tax$8K0.0%
Operating cash flow$1.3M3.5%
Free cash flow$1.1M3.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$36.6M-17%
Q1 2026$36.2M-17%
Q4 2025$42.4M-14%
Q3 2025$43.7M-9%
Q2 2025$44.0M-16%
Q1 2025$43.5M-19%
Q4 2024$49.5M-17%

From Grove Collaborative Holdings' 10-Q filed Aug 6, 2026 (on EDGAR).

Questions

How does Grove Collaborative Holdings make money?

Grove Collaborative Holdings (GROV) made $36.6M of revenue in the second quarter 2026 (Q2 2026), -17% from a year earlier. Third-party products brought in $19.9M (54%); Grove Brands brought in $16.7M (46%).

What is Grove Collaborative Holdings' biggest business?

Third-party products: $19.9M in the second quarter 2026, 54% of revenue, -24% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.