Grove Collaborative Holdings, Inc. (GROV) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and thank you for standing by. Welcome to Grove Collaborative Holdings' fourth quarter and full year 2025 earnings conference call. At this time, all lines have been placed on listen-only mode to prevent any background noise. Following the speaker's remarks, we will open up your lines for questions. As a reminder, this conference call is being recorded. Hosting today's call are Grove's CEO, Jeff Yerkeson, and CFO, Tom Siragusa. Some of the statements made today about future prospects, financial results, business strategies, industry trends, and Grove's ability to successfully respond to business risk may be considered forward-looking, including statements relating to reactivation of lapsed customers, future increases in advertising spend, stabilization of our e-commerce platform, sequential revenue growth throughout the year while maintaining profitability discipline, increased capacity to execute additional growth initiatives, savings from reduction in force, and improved subscription experience, feature increases in product development, guidance for 2026, including guidance related to revenue and adjusted EBITDA, net revenue reaching a low point in the first quarter of 2026, seasonality and advertising investment in the first quarter of 2026, sequential improvement in revenue, and acceleration of advertising investment. Such statements are based on current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including those risks discussed in GROVE's filings with the Securities and Exchange Commission. All of these statements are based on GROVE's views today, and GROVE assumes no obligation to update any forward-looking statement, whether as a result of new information, ...