GROV Q2 2023 Earnings — Grove Collaborative Holdings, Inc. Revenue & Financial Results | Market Cap Arena

GROVGrove Collaborative Holdings, Inc.

$54M

Q2 2023 Earnings

Consumer Defensive Household & Personal Products

Income Statement

Revenue

$66M-16.6% YoY

Gross Profit

$34M51.9% margin

Operating Income

-$10M-14.5% margin

Net Income

-$11M-16.4% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

-7.6%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$410,000

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$158M

Total Liabilities

$137M

Stockholders' Equity

$21M

Cash & Equivalents

$81M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$66M	$79M	-16.6%
Gross Profit	$34M	$39M	-11.9%
Operating Income	-$10M	-$43M	+77.6%
Net Income	-$11M	-$35M	+69.2%