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Grove Collaborative Holdings ( (GROV) ) has shared an announcement.
On May 7, 2026, Grove Collaborative reported first-quarter 2026 results showing net revenue fell 16.8% year-on-year to $36.2 million as a smaller active customer base, lower advertising in 2024–2025, and prior e-commerce disruptions weighed on orders. Despite the top-line decline, the company delivered its second consecutive quarter of positive adjusted EBITDA at $0.3 million, narrowed its net loss to $1.0 million, improved operating cash flow, and expanded gross margin to 54.8% through tighter promotions and cost discipline.
Management highlighted a redesigned, internally built mobile app, stronger repeat behavior in recent customer cohorts, and expanded ingredient standards banning or restricting more than 10,000 ingredients as key milestones underpinning its strategic focus on profitability and customer trust. Grove raised its full-year 2026 net revenue outlook to $142.5 million–$152.5 million and now targets breakeven to low single-digit million adjusted EBITDA, while expecting first-quarter revenue to represent the year’s trough and forecasting sequential net revenue growth in each remaining quarter of 2026.
The most recent analyst rating on (GROV) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Grove Collaborative Holdings stock, see the GROV Stock Forecast page.
Spark’s Take on GROV Stock
According to Spark, TipRanks’ AI Analyst, GROV is a Neutral.
The score is held down primarily by weak financial performance (continued losses and negative cash flow despite improvement) and mixed forward outlook (lower 2026 revenue guide with execution risk). Technicals are modestly supportive with price above key moving averages and neutral RSI, while valuation lacks support due to negative earnings; NYSE compliance is a small positive risk-reduction factor.
To see Spark’s full report on GROV stock, click here.
More about Grove Collaborative Holdings
Grove Collaborative Holdings, Inc. is a San Francisco-based sustainable consumer products company and the world’s first plastic neutral retailer, operating as a certified B Corporation and Public Benefit Corporation. The NYSE-listed group runs an online platform offering thousands of vetted, higher-standard household, personal care, wellness, baby, pet, and other everyday essentials focused on health, sustainability, and performance.
Every order placed through Grove’s one-stop digital destination is carbon neutral and supports plastic waste cleanup initiatives, allowing customers to track the positive impact of their purchases. The company positions itself as a trusted curator that bans or restricts a wide range of ingredients and promotes mission-driven consumption, targeting environmentally conscious consumers seeking value without compromising their values.
Average Trading Volume: 76,960
Technical Sentiment Signal: Strong Sell
Current Market Cap: $50.85M
For detailed information about GROV stock, go to TipRanks’ Stock Analysis page.