Grove Collaborative Holdings, Inc. (GROV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 36.22M | 42.41M | 43.73M | 44.03M | 43.55M | 49.5M | 48.28M | 52.1M | 53.55M | 59.86M | 61.75M | 66.11M | 71.56M | 74.04M | 77.73M | 79.28M | 90.48M | 87.26M | 95.18M | 99.02M |
| Revenue Growth % | -16.83% | -14.33% | -9.42% | -15.5% | -18.67% | -17.3% | -21.81% | -21.19% | -25.18% | -19.15% | -20.56% | -16.62% | -20.9% | -15.16% | -18.33% | -19.94% | -11.49% | -6.21% | - | - |
| Cost of Goods Sold | 16.37M | 19.92M | 20.41M | 19.63M | 20.48M | 23.56M | 22.68M | 24.04M | 23.8M | 27.3M | 28.52M | 31.8M | 34.31M | 39.24M | 39.57M | 40.32M | 47.74M | 48M | 47.19M | 49.96M |
| COGS % of Revenue | 45.2% | 46.96% | 46.67% | 44.59% | 47.04% | 47.59% | 46.97% | 46.14% | 44.46% | 45.6% | 46.18% | 48.1% | 47.94% | 53.01% | 50.9% | 50.86% | 52.77% | 55.01% | 49.59% | 50.45% |
| Gross Profit | 19.85M | 22.49M | 23.32M | 24.39M | 23.06M | 25.94M | 25.6M | 28.06M | 29.74M | 32.56M | 33.23M | 34.31M | 37.26M | 34.79M | 38.17M | 38.96M | 42.74M | 39.26M | 47.98M | 49.07M |
| Gross Margin % | 54.8% | 53.04% | 53.33% | 55.41% | 52.96% | 52.41% | 53.03% | 53.86% | 55.54% | 54.4% | 53.82% | 51.9% | 52.06% | 46.99% | 49.1% | 49.14% | 47.23% | 44.99% | 50.41% | 49.55% |
| Gross Profit Growth % | -13.95% | -13.3% | -8.91% | -13.07% | -22.45% | -20.33% | -22.96% | -18.2% | -20.17% | -6.41% | -12.92% | -11.93% | -12.83% | -11.39% | -20.46% | -20.6% | -18.12% | -15.48% | - | - |
| Operating Expenses | 20.83M | 24.08M | 26.05M | 27.89M | 26.57M | 34.27M | 32.35M | 35M | 30.27M | 40.51M | 37.34M | 43.87M | 50.91M | 63.19M | 60.73M | 81.72M | 90M | 69.7M | 84.14M | 75.17M |
| OpEx % of Revenue | 57.51% | 56.78% | 59.57% | 63.34% | 61.02% | 69.24% | 67% | 67.18% | 56.54% | 67.67% | 60.47% | 66.36% | 71.14% | 85.35% | 78.12% | 103.07% | 99.47% | 79.88% | 88.41% | 75.92% |
| Selling, General & Admin | 18.93M | 22.21M | 24.43M | 25.68M | 24.79M | 29.68M | 27.55M | 29.56M | 26.65M | 35.95M | 33.76M | 39.82M | 46.69M | 58.61M | 54.96M | 75.79M | 83.76M | 62.73M | 78.56M | 69.49M |
| SG&A % of Revenue | 52.27% | 52.37% | 55.85% | 58.32% | 56.93% | 59.96% | 57.05% | 56.74% | 49.77% | 60.06% | 54.67% | 60.23% | 65.25% | 79.17% | 70.71% | 95.6% | 92.58% | 71.89% | 82.54% | 70.17% |
| Research & Development | 1.9M | 1.87M | 1.63M | 2.21M | 1.78M | 4.59M | 4.8M | 5.44M | 3.63M | 4.55M | 3.58M | 4.05M | 4.22M | 4.58M | 5.76M | 5.92M | 6.24M | 6.97M | 5.59M | 5.69M |
| R&D % of Revenue | 5.25% | 4.41% | 3.72% | 5.01% | 4.09% | 9.28% | 9.95% | 10.43% | 6.77% | 7.61% | 5.79% | 6.13% | 5.89% | 6.18% | 7.42% | 7.47% | 6.9% | 7.99% | 5.87% | 5.74% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -983K | -1.59M | -2.73M | -3.49M | -3.51M | -8.33M | -6.75M | -6.94M | -533K | -7.94M | -4.11M | -9.56M | -13.65M | -28.4M | -22.56M | -42.76M | -47.27M | -30.44M | -36.16M | -26.11M |
| Operating Margin % | -2.71% | -3.74% | -6.24% | -7.93% | -8.06% | -16.83% | -13.97% | -13.31% | -1% | -13.27% | -6.65% | -14.46% | -19.08% | -38.36% | -29.02% | -53.93% | -52.24% | -34.88% | -37.99% | -26.37% |
| Operating Income Growth % | 71.98% | 80.94% | 59.52% | 49.68% | -558.16% | -4.9% | -64.34% | 27.45% | 96.1% | 72.03% | 81.8% | 77.64% | 71.11% | 6.71% | 37.61% | -63.77% | -30.77% | -154.84% | - | - |
| EBITDA | -583K | -1.2M | -2.31M | -3M | -3.13M | -5.91M | -3.97M | -4.51M | 1.67M | -6.48M | -2.64M | -8.11M | -12.21M | -26.97M | -21.13M | -41.3M | -45.86M | -29.08M | -34.87M | -27.4M |
| EBITDA Margin % | -1.61% | -2.82% | -5.28% | -6.82% | -7.19% | -11.94% | -8.23% | -8.66% | 3.12% | -10.82% | -4.28% | -12.27% | -17.06% | -36.43% | -27.19% | -52.1% | -50.68% | -33.33% | -36.63% | -27.67% |
| EBITDA Growth % | 81.37% | 79.79% | 41.84% | 33.44% | -287.65% | 8.74% | -50.28% | 44.4% | 113.66% | 75.98% | 87.49% | 80.36% | 73.38% | 7.25% | 39.38% | -50.72% | -30.96% | -156.43% | - | - |
| D&A (Non-Cash Add-back) | 400K | 393K | 421K | 488K | 378K | 2.42M | 2.77M | 2.43M | 2.2M | 1.47M | 1.46M | 1.45M | 1.45M | 1.43M | 1.43M | 1.45M | 1.41M | 1.36M | 1.3M | 0 |
| EBIT | -983K | -1.29M | -2.66M | -3.31M | -3.19M | -11.04M | 1.62M | -5.93M | 748K | -5.32M | -5.66M | -6.81M | -9.33M | -9.9M | 10.22M | -33.02M | -47.27M | -30.04M | -36.27M | -27.4M |
| Net Interest Income | -150K | -282K | -292K | -305K | -346K | -1.59M | -2.94M | -4.12M | -4.13M | -4.16M | -4.14M | -4.04M | -3.73M | -2.77M | -2.55M | -2.29M | -2.09M | -1.93M | -1.21M | -1.1M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 150K | 282K | 292K | 305K | 346K | 1.59M | 2.94M | 4.12M | 4.13M | 4.16M | 4.14M | 4.04M | 3.73M | 2.77M | 2.55M | 2.29M | 2.09M | 1.93M | 1.21M | 1.1M |
| Other Income/Expense | -27K | 13K | -223K | -126K | -30K | -4.29M | 5.42M | -3.12M | -2.85M | -1.53M | -5.7M | -1.3M | 596K | 15.73M | 30.23M | 7.45M | -95K | -1.53M | -1.33M | -2.39M |
| Pretax Income | -1.01M | -1.57M | -2.95M | -3.62M | -3.54M | -12.63M | -1.32M | -10.05M | -3.38M | -9.47M | -9.8M | -10.86M | -13.06M | -12.66M | 7.67M | -35.31M | -47.36M | -31.97M | -37.49M | -28.5M |
| Pretax Margin % | -2.79% | -3.71% | -6.75% | -8.21% | -8.12% | -25.51% | -2.74% | -19.29% | -6.31% | -15.83% | -15.88% | -16.42% | -18.25% | -17.11% | 9.87% | -44.54% | -52.34% | -36.64% | -39.39% | -28.78% |
| Income Tax | 0 | 8K | 6K | 10K | 9K | 9K | 11K | 10K | 10K | 10K | 7K | 11K | 10K | 19K | 10K | 2K | 23K | 13K | 11K | 16K |
| Effective Tax Rate % | 0% | -0.51% | -0.2% | -0.28% | -0.25% | -0.07% | -0.83% | -0.1% | -0.3% | -0.11% | -0.07% | -0.1% | -0.08% | -0.15% | 0.13% | -0.01% | -0.05% | -0.04% | -0.03% | -0.06% |
| Net Income | -1.01M | -1.58M | -2.96M | -3.63M | -3.55M | -12.63M | -1.34M | -10.06M | -3.39M | -9.48M | -9.81M | -10.87M | -13.07M | -12.68M | 7.66M | -35.31M | -47.38M | -31.99M | -37.5M | -28.52M |
| Net Margin % | -2.79% | -3.73% | -6.77% | -8.24% | -8.15% | -25.52% | -2.77% | -19.31% | -6.33% | -15.85% | -15.89% | -16.44% | -18.26% | -17.13% | 9.86% | -44.54% | -52.37% | -36.66% | -39.4% | -28.8% |
| Net Income Growth % | 71.53% | 87.47% | -121.56% | 63.96% | -4.6% | -33.21% | 86.38% | 7.42% | 74.05% | 25.21% | -228.05% | 69.22% | 72.42% | 60.35% | 120.43% | -23.83% | -25.04% | -140.2% | - | - |
| Net Income (Continuing) | -1.01M | -1.58M | -2.96M | -3.63M | -3.55M | -12.63M | -1.34M | -10.06M | -3.39M | -9.48M | -9.81M | -10.87M | -13.07M | -12.68M | 7.66M | -35.31M | -47.38M | -31.99M | -37.5M | -28.52M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03 | -0.05 | -0.08 | -0.10 | -0.10 | -0.34 | -0.04 | -0.28 | -0.10 | -0.27 | -0.31 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.03 | -0.02 | -0.02 | -0.02 |
| EPS Growth % | 70% | 85.53% | -109.65% | 64.29% | -2.46% | -25.93% | 86.97% | - | - | - | - | - | 98.41% | 97.7% | 100.94% | 89.95% | - | -53.98% | - | - |
| EPS (Basic) | -0.03 | -0.05 | -0.08 | -0.10 | -0.10 | -0.34 | -0.04 | -0.28 | -0.10 | -0.27 | -0.31 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.03 | -0.02 | -0.02 | -0.02 |
| Diluted Shares Outstanding | 40.09M | 39.77M | 39.38M | 38.81M | 37.04M | 37.75M | 37.34M | 36.77M | 36.26M | 35.89M | 35.25M | 34.28M | 33.75M | 32.41M | 33.22M | 17.55M | 18.77M | 18.37M | 17.67M | 14.36M |
| Basic Shares Outstanding | 40.09M | 39.77M | 39.38M | 38.81M | 37.04M | 37.75M | 37.34M | 36.77M | 36.26M | 35.89M | 35.25M | 34.28M | 33.75M | 32.41M | 33.22M | 17.55M | 18.77M | 18.37M | 17.67M | 14.36M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |