Slide 1: Investor Presentation Q1 2026
Investor Presentation Q1 2026 As of May 7, 2026
Slide 2: Safe Harbor Statement/Non-GAAP Measures
Safe Harbor Statement/Non-GAAP Measures All information in this presentation is as of May 7, 2026. Forward-Looking Statements Certain statements included in this presentation are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigati
Slide 3: Your home, family, planet, healthier.
Your home, family, planet, healthier.
Slide 4: Grove's transformation fuels momentum for future growth
Grove’s transformation fuels momentum for future growth Strategic Pillars - First Quarter Summary Sustainable Profitability ➔ Delivered $0.3M Adjusted EBITDA at the expected revenue trough, second consecutive quarter of positive Adjusted EBITDA, demonstrating structural cost improvements are holding
Slide 5: Q1 2026 Financial results
MEASURING OUR IMPACT Q1 2026 Financial results
Slide 6: Q1 2026 Financial Results
Q1 2026 Financial Results -16.8% vs. LY Net Revenue decline driven by smaller active NET REVENUE $36.2M customer base associated with ecommerce platform -14.6% vs. Q4 25 migration issues in 2025 and lower advertising spend Gross Margin expansion driven by targeted GROSS MARGIN 54.8% +180 bps vs. LY
Slide 7: Cost Discipline and Structural Changes are Driving Sustainable Profitability
Cost Discipline and Structural Changes are Driving Sustainable Profitability Adjusted EBITDA ($M) Delivered second straight quarter of positive Adjusted EBITDA, even at expected revenue trough
Slide 8: Cash Flow Improvements Reflecting Continued Operational Discipline
Cash Flow Improvements Reflecting Continued Operational Discipline Larger net loss and Operating Cash Flow ($M) one-time items that did not reoccur Lease termination (one-time) and interest payments
Slide 9: Sustained Structural Gross Margin Improvements vs 2022
Sustained Structural Gross Margin Improvements vs 2022 GAAP Gross Margin Structural margin improvements continue to flow through P&L
Slide 10: Q1 Marks the Expected Revenue Trough with Sequential Improvement Expected Through 2026
Q1 Marks the Expected Revenue Trough with Sequential Improvement Expected Through 2026 Quarterly Net Revenue ($M) Reflects measured increase Q4-2025 includes $2.9M in Measured advertisingincrease in investment, advertising investment, and expected and sustained revenue from one-time Advertising pullb
Slide 11: Financial outlook: 2026 Guidance
Financial outlook 2026 Guidance The Company now expects full-year Net Net ➔ Revenue of approximately $142.5 million to Revenue $152.5 million, raised from the prior range of $140 million to $150 million. ➔ First quarter 2026 net revenue represented the expected trough for the year. Grove expects seq
Slide 12: Supplemental
Qo Supplemental CONFIDENTIAL
Slide 13: Balance Sheet and Cash
Balance Sheet and Cash Balance Sheet Cash & Debt Mar 31, Dec 31, 2026 2025 Ending Cash, Cash Equivalents & $10.4 million $11.8 million Restricted Cash $7.5 million $7.5 million Outstanding Debt ABL ABL ABL Availability $1.7 million $1.1 million
Slide 14: Leadership Team With Depth of Ecommerce Experience to Execute
Leadership Team With Depth of Ecommerce Experience to Execute Jeff Yurcisin Tom Siragusa Scott Giesler CEO CFO Chief Legal Officer Jason Buursma Jennifer Pann Terrance Underwood Keith Davey VP, Marketing VP, Merchandising & E-Commerce VP, Fulfillment Operations CTO 14
Slide 15: Appendix
Qos Appendix
Slide 16: Adjusted EBITDA Reconciliation - Quarterly
Adjusted EBITDA Reconciliation - Quarterly Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Reconciliation of Net (Loss) Income to Adjusted EBITDA(1) Net Loss ($47.4) ($35.3) $7.7 ($12.7) ($13.1) ($10.9) ($9.8) ($
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