A Business at a Glance
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Unless the context otherwise requires, all references in this subsection to the “Company,” “Grove,” “we,” “us” or “our” refer to Grove Collaborative Holdings, Inc. and its consolidated subsidiary following the Business Combination (as defined below), other than certain historical information that refers to the business of Grove Collaborative, Inc. prior to the consummation of the merger with Virgin Group Acquisition Corp. II. Such merger is referred to herein as the “Business Combination”. “Legacy Grove” refers to the Company prior to the Business Combination Our Vision Grove Collaborative Holdings, Inc.’s mission is to transform the consumer products industry into a force for environmental and human good by creating and curating planet-first, high-performance brands and products. Grove was incorporated in 2012 under the name “ePantry” as an online retailer for third-party natural household, beauty and personal care brands.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 181M | 203M | 259M | 322M | 384M |
| Net Income | -23M | -28M | -44M | -88M | -136M |
| EPS | $-0.64 | $-0.76 | $-1.28 | $-4.85 | $-79.30 |
| Free Cash Flow | -8.2M | -12M | -11M | -100M | -133M |
| ROIC | -26.1% | -27.4% | -55.7% | -1676.3% | -55.8% |
| Gross Margin | 53.5% | 53.8% | 53.0% | 48.1% | 49.1% |
| Debt/Equity | 0.00 | -0.88 | 8.82 | 2.31 | -0.12 |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | -18M | -23M | -35M | -141M | -129M |
| Operating Margin | -10.0% | -11.1% | -13.6% | -43.8% | -33.6% |
| ROE | 0.0% | - | -546.9% | -330.6% | - |
| Shares Outstanding | 41M | 37M | 35M | 18M | 36M |
| Metric | 2021 | 2022 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 384M | 322M | 259M | 203M | 181M |
| Gross Margin | 49.1% | 48.1% | 53.0% | 53.8% | 53.5% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -129M | -141M | -35M | -23M | -18M |
| Op. Margin | -33.6% | -43.8% | -13.6% | -11.1% | -10.0% |
| Net Income | -136M | -88M | -44M | -28M | -23M |
| Net Margin | -35.4% | -27.3% | -17.1% | -13.9% | -12.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | -55.8% | N/M | -55.7% | -27.4% | -26.1% |
| ROE | N/A | -330.6% | -546.9% | N/A | 0.0% |
| ROA | -74.5% | -50.4% | -29.5% | -26.2% | -41.7% |
| Cash Flow | |||||
| Op. Cash Flow | -127M | -96M | -8.0M | -9.7M | -6.7M |
| Free Cash Flow | -133M | -100M | -11M | -12M | -8.2M |
| Owner Earnings | -147M | -148M | -29M | -32M | -28M |
| CapEx | 5.8M | 4.2M | 3.0M | 1.8M | 1.5M |
| Maint. CapEx | 5.0M | 5.7M | 5.8M | 9.8M | 9.8M |
| Growth CapEx | 776K | 0 | 0 | 0 | 0 |
| D&A | 5.0M | 5.7M | 5.8M | 9.8M | 9.8M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 297K | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 15M | 46M | 16M | 12M | 12M |
| Debt Repayment | 22M | 5.2M | 575K | 72M | 72M |
| Balance Sheet | |||||
| Net Debt | -11M | -20M | -15M | -12M | -2.3M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 8.9M |
| Long-Term Debt | 56M | 61M | 72M | 7.5M | 7.5M |
| Debt/Equity | -0.12 | 2.31 | 8.82 | -0.88 | 0.00 |
| Interest Coverage | -24.8 | -14.6 | -2.2 | -1.8 | -1.8 |
| Equity | -456M | 27M | 8.1M | -8.5M | -16M |
| Total Assets | 182M | 174M | 151M | 65M | 55M |
| Total Liabilities | 151M | 148M | 133M | 49M | 46M |
| Intangibles | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -490M | -578M | -621M | -649M | -649M |
| Working Capital | 72M | 85M | 89M | 18M | 18M |
| Current Assets | 141M | 142M | 124M | 45M | 45M |
| Current Liabilities | 69M | 57M | 35M | 27M | 27M |
| Per Share Data | |||||
| EPS | -79.30 | -4.85 | -1.28 | -0.76 | -0.64 |
| Owner EPS | -4.08 | -8.16 | -0.85 | -0.85 | -0.69 |
| Book Value | -12.71 | 1.47 | 0.23 | -0.23 | -0.39 |
| Cash Flow/Share | -3.54 | -5.32 | -0.23 | -0.26 | -0.31 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 35.9M | 18.1M | 34.7M | 37.2M | 41.4M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -2.1 |
| P/FCF | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 0.9 | 8.2 | N/A | N/A |
| Price/Sales | 4.6 | 1.8 | 0.3 | 0.3 | 0.3 |
| FCF Yield | -7.5% | -401.2% | -16.5% | -21.5% | -14.9% |
| Market Cap | 1.8B | 25M | 67M | 54M | 55M |
| Avg. Price | 48.89 | 31.54 | 2.24 | 1.56 | 1.32 |
| Year-End Price | 49.20 | 1.38 | 1.92 | 1.44 | 1.32 |
Grove Collaborative Holdings, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 51.0%.
Grove Collaborative Holdings, Inc. (GROV) has a 5-year average return on invested capital (ROIC) of -46.3%. This is below average and may indicate limited pricing power.
Grove Collaborative Holdings, Inc. (GROV) has a market capitalization of $55M. It is classified as a small-cap stock.
Grove Collaborative Holdings, Inc. (GROV) does not currently pay a regular dividend.
Grove Collaborative Holdings, Inc. (GROV) operates in the Retail-Catalog & Mail-Order Houses industry, within the Consumer Cyclical sector.
Grove Collaborative Holdings, Inc. (GROV) reported annual revenue of $203 million in its most recent fiscal year, based on SEC EDGAR filings.
Grove Collaborative Holdings, Inc. (GROV) has a net profit margin of -13.9%. The company is currently unprofitable.
Grove Collaborative Holdings, Inc. (GROV) generated $-12 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Grove Collaborative Holdings, Inc. (GROV) reported earnings per share (EPS) of $-0.76 in its most recent fiscal year.
Grove Collaborative Holdings, Inc. (GROV) has a 5-year average gross margin of 51.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 4 years of financial data for Grove Collaborative Holdings, Inc. (GROV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Grove Collaborative Holdings, Inc. (GROV) has a book value per share of $-0.23, based on its most recent annual SEC filing.