Grove Collaborative Holdings, Inc. (GROV) 10-Year Financial Performance & Capital Metrics

GROV • • Industrial / General

Consumer DefensiveHousehold ProductsBeauty Services & RetailBeauty Retailers

AboutGrove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States. It provides household cleaning, personal care, laundry, clean beauty, baby, and pet care products for households. The company is based in San Francisco, California.Show more

Revenue $203M -21.5%
EBITDA -$2M +91.6%
Net Income -$27M +36.6%
EPS (Diluted) -0.76 +40.6%
Gross Margin 53.75% +1.5%
EBITDA Margin -1.21% +89.3%
Operating Margin -6.04% +55.6%
Net Margin -13.48% +19.2%
ROE -159.69% +17.5%
ROIC -46.12% +58.3%
Debt/Equity 1.36 -72.5%
Interest Coverage -0.96 +56.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 3.1x turnover

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-2.69%

3Y-19.06%

TTM-15.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM6.2%

EPS CAGR

10Y-

5Y-

3Y-

TTM9.88%

ROCE

10Y Avg-804.63%

5Y Avg-62.58%

3Y Avg-56.35%

Latest-15.99%

Peer Comparison

Beauty Retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
PTNMPitanium Limited	206.99M	10.39	24.74	9.87%	11.87%	81.29%	1.59
TKLFTokyo Lifestyle Co., Ltd.	13.06M	3.09	0.00	159.68%	3.16%	15.55%	1.66
GROVGrove Collaborative Holdings, Inc.	53.39M	1.29	-1.70	-21.54%	-12.59%	-264.01%	1.36

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	233.12M	364.27M	383.69M	321.53M	259.28M	203.43M
Revenue Growth %	-	0.56%	0.05%	-0.16%	-0.19%	-0.22%
Cost of Goods Sold+	149.68M	188.27M	195.18M	166.88M	121.92M	94.08M
COGS % of Revenue	0.64%	0.52%	0.51%	0.52%	0.47%	0.46%
Gross Profit+	83.44M	176M	188.5M	154.65M	137.36M	109.35M
Gross Margin %	0.36%	0.48%	0.49%	0.48%	0.53%	0.54%
Gross Profit Growth %	-	1.11%	0.07%	-0.18%	-0.11%	-0.2%
Operating Expenses+	246.6M	242.5M	317.36M	295.63M	172.62M	121.63M
OpEx % of Revenue	1.06%	0.67%	0.83%	0.92%	0.67%	0.6%
Selling, General & Admin	233M	223.84M	293.95M	273.13M	156.22M	103.17M
SG&A % of Revenue	1%	0.61%	0.77%	0.85%	0.6%	0.51%
Research & Development	13.6M	18.66M	23.41M	22.5M	16.4M	18.46M
R&D % of Revenue	0.06%	0.05%	0.06%	0.07%	0.06%	0.09%
Other Operating Expenses	0	0	0	0	0	0
Operating Income+	-163.17M	-66.49M	-128.85M	-140.98M	-35.26M	-12.28M
Operating Margin %	-0.7%	-0.18%	-0.34%	-0.44%	-0.14%	-0.06%
Operating Income Growth %	-	0.59%	-0.94%	-0.09%	0.75%	0.65%
EBITDA+	-160.81M	-62.38M	-123.86M	-135.27M	-29.44M	-2.46M
EBITDA Margin %	-0.69%	-0.17%	-0.32%	-0.42%	-0.11%	-0.01%
EBITDA Growth %	-	0.61%	-0.99%	-0.09%	0.78%	0.92%
D&A (Non-Cash Add-back)	2.36M	4.12M	4.99M	5.72M	5.82M	9.82M
EBIT	-159.41M	-66.61M	-130.64M	-77.98M	-27.12M	-14.61M
Net Interest Income+	-2.05M	-5.61M	-5.2M	-9.69M	-16.08M	-12.78M
Interest Income	0	0	0	0	0	0
Interest Expense	2.05M	5.61M	5.2M	9.69M	16.08M	12.78M
Other Income/Expense	1.71M	-5.73M	-6.99M	53.32M	-7.93M	-15.1M
Pretax Income+	-161.46M	-72.22M	-135.84M	-87.66M	-43.19M	-27.38M
Pretax Margin %	-0.69%	-0.2%	-0.35%	-0.27%	-0.17%	-0.13%
Income Tax+	12K	41K	52K	54K	38K	40K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%
Net Income+	-161.47M	-72.26M	-135.9M	-87.72M	-43.23M	-27.42M
Net Margin %	-0.69%	-0.2%	-0.35%	-0.27%	-0.17%	-0.13%
Net Income Growth %	-	0.55%	-0.88%	0.35%	0.51%	0.37%
Net Income (Continuing)	-161.47M	-72.26M	-135.9M	-87.72M	-43.23M	-27.42M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-0.14	-2.22	-4.17	-4.85	-1.28	-0.76
EPS Growth %	-	-14.86%	-0.88%	-0.16%	0.74%	0.41%
EPS (Basic)	-0.14	-2.22	-4.17	-4.85	-1.28	-0.76
Diluted Shares Outstanding	11.8M	10.75M	17.14M	33.08M	34.8M	37.04M
Basic Shares Outstanding	11.8M	10.75M	17.14M	33.08M	34.8M	37.04M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	69.74M	227.93M	140.93M	142.01M	124.2M	44.94M
Cash & Short-Term Investments	36.83M	176.52M	78.38M	81.08M	86.41M	19.63M
Cash Only	36.83M	176.52M	78.38M	81.08M	86.41M	19.63M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	0	0	0	0	0	0
Days Sales Outstanding	-	-	-	-	-	-
Inventory	29.72M	46.58M	54.45M	44.13M	28.78M	19.35M
Days Inventory Outstanding	72.48	90.31	101.83	96.53	86.15	75.08
Other Current Assets	0	0	0	16.79M	9.01M	5.96M
Total Non-Current Assets+	17.96M	41.79M	41.54M	32.03M	26.55M	20.07M
Property, Plant & Equipment	14.71M	39.33M	37.15M	26.89M	21.24M	16.21M
Fixed Asset Turnover	15.85x	9.26x	10.33x	11.96x	12.21x	12.55x
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
Long-Term Investments	0	0	0	2.95M	0	0
Other Non-Current Assets	3.25M	2.45M	4.39M	2.19M	5.31M	3.86M
Total Assets+	87.7M	269.72M	182.47M	174.04M	150.74M	65.01M
Asset Turnover	2.66x	1.35x	2.10x	1.85x	1.72x	3.13x
Asset Growth %	-	2.08%	-0.32%	-0.05%	-0.13%	-0.57%
Total Current Liabilities+	84.09M	63.14M	69.21M	57.47M	35.04M	27.06M
Accounts Payable	40.27M	23.81M	21.35M	10.71M	8.07M	6.8M
Days Payables Outstanding	98.2	46.17	39.92	23.43	24.17	26.38
Short-Term Debt	18.8M	1.92M	10.75M	575K	0	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	10.96M	3.52M	3.72M	1.96M	5.38M	4.89M
Current Ratio	0.83x	3.61x	2.04x	2.47x	3.54x	1.66x
Quick Ratio	0.48x	2.87x	1.25x	1.70x	2.72x	0.95x
Cash Conversion Cycle	-	-	-	-	-	-
Total Non-Current Liabilities+	4.49M	58.3M	81.62M	90.04M	97.58M	21.72M
Long-Term Debt	2.46M	29.78M	56.18M	60.62M	71.66M	7.5M
Capital Lease Obligations	0	23.58M	20.03M	16.19M	14.4M	12.95M
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	2.02M	4.94M	5.41M	13.23M	11.51M	1.27M
Total Liabilities	88.58M	121.44M	150.83M	147.51M	132.62M	48.79M
Total Debt+	21.26M	58.23M	90.51M	81.09M	89.56M	22.09M
Net Debt	-15.57M	-118.29M	12.14M	8K	3.14M	2.46M
Debt / Equity	-	0.39x	2.86x	3.06x	4.94x	1.36x
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-79.52x	-11.86x	-24.77x	-14.56x	-2.19x	-0.96x
Total Equity+	-874K	148.28M	31.64M	26.53M	18.12M	16.22M
Equity Growth %	-	170.65%	-0.79%	-0.16%	-0.32%	-0.1%
Book Value per Share	-0.07	13.80	1.85	0.80	0.52	0.44
Total Shareholders' Equity	-874K	148.28M	31.64M	26.53M	18.12M	16.22M
Common Stock	0	1K	1K	18K	4K	4K
Retained Earnings	-281.99M	-354.25M	-490.14M	-577.86M	-621.09M	-648.51M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-124.81M	-83.66M	-127.09M	-96.26M	-7.99M	-9.75M
Operating CF Margin %	-0.54%	-0.23%	-0.33%	-0.3%	-0.03%	-0.05%
Operating CF Growth %	-	0.33%	-0.52%	0.24%	0.92%	-0.22%
Net Income	-161.47M	-72.26M	-135.9M	-87.72M	-43.23M	-27.42M
Depreciation & Amortization	2.36M	4.12M	4.99M	5.72M	5.82M	9.82M
Stock-Based Compensation	11.96M	7.76M	14.61M	45.66M	15.51M	11.99M
Deferred Taxes	779K	2.78M	6.99M	0	0	0
Other Non-Cash Items	-1.61M	1.32M	1.98M	-48.42M	2.87M	-6.58M
Working Capital Changes	23.17M	-27.38M	-19.76M	-11.51M	11.03M	2.44M
Change in Receivables	944K	5.11M	-4.88M	0	0	0
Change in Inventory	-1.66M	-18.61M	-12.6M	3.29M	14.98M	12.49M
Change in Payables	19.29M	-16.25M	-2.49M	-10.52M	-2.57M	-1.27M
Cash from Investing+	-12.31M	-4.82M	-5.77M	-4.22M	-2.98M	-1.62M
Capital Expenditures	-11.62M	-4.82M	-5.77M	-4.22M	-2.98M	-1.76M
CapEx % of Revenue	0.05%	0.01%	0.02%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	136K
Cash from Financing+	107.45M	228.17M	34.71M	118.09M	9.86M	-59.19M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	-225K	2.77M	-4.27M	-77.07M	-7.07M	-1.84M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-136.42M	-88.48M	-132.86M	-100.48M	-10.98M	-11.51M
FCF Margin %	-0.59%	-0.24%	-0.35%	-0.31%	-0.04%	-0.06%
FCF Growth %	-	0.35%	-0.5%	0.24%	0.89%	-0.05%
FCF per Share	-11.57	-8.23	-7.75	-3.04	-0.32	-0.31
FCF Conversion (FCF/Net Income)	0.77x	1.16x	0.94x	1.10x	0.18x	0.36x
Interest Paid	1.15M	3.89M	4.47M	10.14M	12.14M	9.42M
Taxes Paid	1K	4K	52K	67K	43K	49K

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-98.04%	-151.07%	-301.57%	-193.63%	-159.69%
Return on Invested Capital (ROIC)	-	-736.19%	-262.03%	-300.75%	-110.64%	-46.12%
Gross Margin	35.79%	48.32%	49.13%	48.1%	52.98%	53.75%
Net Margin	-69.27%	-19.84%	-35.42%	-27.28%	-16.67%	-13.48%
Debt / Equity	-	0.39x	2.86x	3.06x	4.94x	1.36x
Interest Coverage	-79.52x	-11.86x	-24.77x	-14.56x	-2.19x	-0.96x
FCF Conversion	0.77x	1.16x	0.94x	1.10x	0.18x	0.36x
Revenue Growth	-	56.26%	5.33%	-16.2%	-19.36%	-21.54%

Frequently Asked Questions

Growth & Financials

Grove Collaborative Holdings, Inc. (GROV) reported $180.8M in revenue for fiscal year 2024. This represents a 22% decrease from $233.1M in 2019.

Grove Collaborative Holdings, Inc. (GROV) saw revenue decline by 21.5% over the past year.

Grove Collaborative Holdings, Inc. (GROV) reported a net loss of $22.8M for fiscal year 2024.

Dividend & Returns

Grove Collaborative Holdings, Inc. (GROV) has a return on equity (ROE) of -159.7%. Negative ROE indicates the company is unprofitable.

Grove Collaborative Holdings, Inc. (GROV) had negative free cash flow of $8.2M in fiscal year 2024, likely due to heavy capital investments.

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