Grove Collaborative Holdings, Inc. income statement

In fiscal 2025, Grove Collaborative Holdings, Inc. reported revenue of $174m, down 14.6% on the year before, operating income of −$11.3m (a -6.5% margin) and net income of −$11.7m, or −$0.34 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Grove Collaborative Holdings, Inc.: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	364	384	322	259	203	174	159
Cost of revenue	188	195	167	122	94	80	74
Gross profit	176	189	155	137	109	93	85
Research and development	19	23	23	16	18	7	6
Selling, general and administrative	168	187	207	135	103	87	78
Operating income	−66	−129	−141	−35	−23	−11	−6
Interest expense	6	5	10	16	13	1	1
Income before tax	−72	−136	−88	−43	−27	−12	−6
Income tax	0	0	0	0	0	0	0
Net income	−72	−136	−88	−43	−27	−12	−6
Diluted EPS	−$3.36	−$3.96	−$2.42	−$1.28	−$0.76	−$0.34	−$0.16
Diluted shares (average)	21m	34m	36m	35m	37m	39m	40m
EBITDA	−62	−124	−135	−29	−13	−10	−4

US$ millions unless shown otherwise. Fiscal quarters.

Grove Collaborative Holdings, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	48	50	44	44	44	42	36	37
Cost of revenue	23	24	20	20	20	20	16	17
Gross profit	26	26	23	24	23	22	20	20
Research and development	5	5	2	2	2	2	1	2
Selling, general and administrative	25	27	22	23	21	21	18	18
Operating income	−7	−8	−4	−3	−3	−2	−1	−1
Interest expense	3	2	0	0	0	0	0	0
Income before tax	−1	−13	−4	−4	−3	−2	−1	−1
Income tax	0	0	0	0	0	0	0	0
Net income	−1	−13	−4	−4	−3	−2	−1	−1
Diluted EPS	−$0.04	−$0.35	−$0.10	−$0.10	−$0.08	−$0.05	−$0.03	−$0.03
EBITDA	−4	−6	−3	−3	−2	−1	−1	−0

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Grove Collaborative Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Grove Collaborative Holdings, Inc.