Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 116

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 116
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Item 1. Financial Statements

 Grove Collaborative Holdings, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands, except share and per share amounts)September 30,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents $8,907 $19,627 Restricted cash, current2,400 3,675 Inventory19,984 19,351 Prepaid expenses and other current assets3,224 2,288 Total current assets34,515 44,941 Restricted cash, noncurrent1,002 1,002 Property and equipment, net3,779 3,677 Intangible assets, net2,408 712 Operating lease right-of-use assets10,956 12,532 Other long-term assets1,987 2,146 Total assets$54,647 $65,010 Liabilities and Stockholders’ DeficitCurrent liabilities:Accounts payable$8,768 $6,800 Accrued expenses8,811 11,546 Deferred revenue5,133 6,340 Debt, current900 — Operating lease liabilities, current2,748 1,636 Other current liabilities1,138 742 Total current liabilities27,498 27,064 Debt, noncurrent6,600 7,500 Operating lease liabilities, noncurrent10,840 12,949 Derivative liabilities1,085 1,274 Total liabilities46,023 48,787 Commitments and contingencies (Note 7)Redeemable convertible preferred stock, $0.0001 par value — 100,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 25,000 shares issued and outstanding as of September 30, 2025 and December 31, 202424,772 24,772 Stockholders’ deficit:Common stock, $0.0001 par value — 600,000,000 Class A shares authorized as of September 30, 2025 and December 31, 2024; 41,387,655 and 35,871,574 Class A shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively; No shares and 200,000,000 Class B shares authorized as of September 30, 2025 and December