GROVGrove Collaborative Holdings, Inc.

$54M

Q1 2024 Earnings

Consumer Defensive Household & Personal Products

Income Statement

Revenue

$54M-25.2% YoY

Gross Profit

$30M55.5% margin

Operating Income

-$533,000-1.0% margin

Net Income

-$3M-6.3% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

-10.5%

Cash Flow

Operating Cash Flow

-$12M

Free Cash Flow

-$13M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$138M

Total Liabilities

$120M

Stockholders' Equity

$18M

Cash & Equivalents

$78M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$54M	$72M	-25.2%
Gross Profit	$30M	$37M	-20.2%
Operating Income	-$533,000	-$14M	+96.1%
Net Income	-$3M	-$13M	+74.1%

GROV Q1 2024 Earnings — Grove Collaborative Holdings, Inc. Revenue & Financial Results | Market Cap Arena