GROV Q1 2023 Earnings — Grove Collaborative Holdings, Inc. Revenue & Financial Results | Market Cap Arena

GROVGrove Collaborative Holdings, Inc.

$54M

Q1 2023 Earnings

Consumer Defensive Household & Personal Products

Income Statement

Revenue

$72M-20.9% YoY

Gross Profit

$37M52.1% margin

Operating Income

-$14M-19.1% margin

Net Income

-$13M-18.3% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$8M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$166M

Total Liabilities

$138M

Stockholders' Equity

$28M

Cash & Equivalents

$82M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$72M	$90M	-20.9%
Gross Profit	$37M	$43M	-12.8%
Operating Income	-$14M	-$47M	+71.1%
Net Income	-$13M	-$47M	+72.4%