Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 299

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 299
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Net cash used in investing activities(3,968)(1,299)205.5 %Net cash used in financing activities(1,102)(27,956)(96.1)%Net decrease in cash, cash equivalents and restricted cash$(11,995)$(39,274)

Operating Activities 

Net cash used in operating activities of $6.9 million for the nine months ended September 30, 2025 was primarily attributable to our net loss of $10.1 million, non-cash adjustments of $4.3 million, and a net increase in our operating assets and liabilities of $1.0 million. Non-cash adjustments consisted primarily of a $3.5 million stock-based compensation expense, $1.3 million in depreciation and amortization and $0.3 million in non-cash interest expense, offset by $0.6 million of inventory write-downs and a $0.2 million of change in fair value of derivative liabilities. The change in operating assets and liabilities primarily resulted from a $3.2 million decrease in accrued expenses and accounts payable, a $1.2 million decrease in deferred revenue and a $0.2 million decrease in other liabilities, offset by a $2.0 million decrease in inventory, a $1.0 million decrease in prepaid expenses and other assets and a $0.6 million net decrease in operating lease right-of-use assets and liabilities.

Net cash used in operating activities of $10.0 million for the nine months ended September 30, 2024 was primarily attributable to our net loss of $14.8 million, non-cash adjustments of $7.0 million, and net increase in our operating assets and liabilities of $2.2 million. Non-cash adjustments consisted primarily of a $9.3 million stock-based compensation expense, $7.4 million in depreciation and amortization activity, $2.8 million non-cash interest expense, partially offset by a $3.1 million gain on lease modification and $1.9 million of inventory write-downs. The change in operating assets and liabilities primarily resulted from a $4.7 million net decrease in operating lease right-of-use assets and liabilities, a $3.7 million net decrease in accounts payable and accrued expenses, and a $0.4 million decrease in deferred revenue and other liabilities, partially offset by a $6.1 million decrease in inventory.

Investing Activities

Net cash used in investing activities of $4.0 million for the nine months ended September