Grove Collaborative Holdings, Inc. GROV
Grove Collaborative Holdings, Inc.'s mission is to transform the consumer products industry into a force for environmental and human good by creating and curating planet-first, high-performance brands and products.
Grove was incorporated in 2012 under the name "ePantry" as an online retailer for third-party natural household, beauty and personal care brands. We leveraged our ecommerce platform to learn about the industry, gain significant insight into consumer preferences and determine how we might drive change. Early on, it became clear that the current carbon, plastic, and ingredient footprint of our industry is unsustainable, and that there will be massive share shift to products that perform while supporting human and environmental health.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $173.7M | $203.4M | $259.3M | $321.5M | $383.7M | $364.3M | — |
| Cost of revenue | $80.4M | $94.1M | $121.9M | $166.9M | $195.2M | $188.3M | — |
| Gross profit | $93.3M | $109.3M | $137.4M | $154.7M | $188.5M | $176.0M | — |
| R&D | $7.5M | $18.5M | $16.4M | $22.5M | $23.4M | $18.7M | — |
| SG&A | $87.4M | $103.2M | $134.9M | $206.9M | $186.6M | $168.3M | — |
| Operating income | -$11.3M | -$22.5M | -$35.3M | -$141.0M | -$128.9M | -$66.5M | — |
| Interest expense | $1.2M | $12.8M | $16.1M | $9.7M | $5.2M | $5.6M | — |
| Pre-tax income | -$11.7M | -$27.4M | -$43.2M | -$87.7M | -$135.8M | -$72.2M | — |
| Income tax | $33.0K | $40.0K | $38.0K | $54.0K | $52.0K | $41.0K | — |
| Net income | -$11.7M | -$27.4M | -$43.2M | -$87.7M | -$135.9M | -$72.3M | — |
| EPS, basic | -0.34 | -0.76 | -1.28 | -4.85 | -79.28 | -13.45 | — |
| EPS, diluted | -0.34 | -0.76 | -1.28 | -4.85 | -79.28 | -13.45 | — |
| Shares, diluted (wtd. avg.) | $39.0M | $37.0M | $34.8M | $18.1M | $1.7M | $5.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.5M | $19.6M | $94.9M | $96.0M | $78.4M | $176.5M | $36.8M |
| Receivables | $3.1M | $439.0K | — | — | — | — | — |
| Inventory | $18.4M | $19.4M | $28.8M | $44.1M | $54.5M | — | — |
| Total current assets | $34.7M | $44.9M | $124.2M | $142.0M | $140.9M | — | — |
| Property, plant and equipment | $3.7M | $3.7M | $11.6M | $14.5M | $15.9M | — | — |
| Other intangibles | $2.3M | $712.0K | — | — | — | — | — |
| Total assets | $53.1M | $65.0M | $150.7M | $174.0M | $182.5M | — | — |
| Accounts payable | $8.8M | $6.8M | $8.1M | $10.7M | $21.3M | — | — |
| Short-term debt | $800.0K | $0 | $0 | $575.0K | $10.8M | — | — |
| Total current liabilities | $27.7M | $27.1M | $35.0M | $57.5M | $69.2M | — | — |
| Long-term debt | $6.7M | $7.5M | $71.7M | $60.6M | $56.2M | — | — |
| Total liabilities | $45.3M | $48.8M | $132.6M | $147.5M | $150.8M | — | — |
| Retained earnings | -$660.2M | -$648.5M | -$621.1M | -$577.9M | -$490.1M | — | — |
| Total equity | -$17.0M | -$8.5M | $8.1M | $26.5M | -$456.3M | -$339.6M | -$276.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.0M | -$9.7M | -$8.0M | -$96.3M | -$127.1M | -$83.7M | — |
| Depreciation and amortisation | $1.7M | $9.8M | $5.8M | $5.7M | $5.0M | $4.1M | — |
| Stock-based compensation | $4.3M | $12.0M | $15.5M | $45.7M | $14.6M | $7.8M | — |
| Capital expenditure | $1.2M | $1.8M | $3.0M | $4.2M | $5.8M | $4.8M | — |
| Investing cash flow | -$4.0M | -$1.6M | -$3.0M | -$4.2M | -$5.8M | -$4.8M | — |
| Financing cash flow | -$1.6M | -$59.2M | $9.9M | $118.1M | $34.7M | $228.2M | — |
| Buybacks | — | — | — | $32.0K | $297.0K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001841761-26-000010.
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