Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 275

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 275
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. As of June 30, 2025, the total unrecognized compensation expense related to unvested options and RSUs was $6.5 million, which the Company expects to recognize over an estimated weighted average period of 2.3 years.

11.    Segments

The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The Company has determined that it operates in one operating segment as it only reports operating results on an aggregate basis to the CODM. Segment revenues are described in Note 2, Significant Accounting Policies. All company assets are located within the United States and all revenues are generated within the United States. All business activities are managed on a consolidated basis.

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Table of ContentsGrove Collaborative Holdings, Inc.Notes to Condensed Consolidated Financial Statements (continued)(Unaudited)

The CODM uses net loss as reported in the consolidated statements of operations to evaluate the Company’s return on assets in deciding whether and how to invest into the Company’s consolidated operations, such as to expand its product offerings or increase advertising expenditures. The CODM reviews segment assets as presented on its consolidated balance sheets.The Company does not have intra-entity sales or transfers.The table below is segment information for the periods presented and a reconciliation of segment information, including significant expenses, to consolidated net loss (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Segment Revenue, Significant Expenses and Net Loss:Total revenue, net$44,026 $52,099 $87,573 $105,644 Cost of goods sold19,631 24,036 40,114 47,841 Gross profit24,395 28,063 47,459 57,803 Less significant expenses:Fulfillment costs10,147 11,132 20,026 23,135 Advertising2,722 2,439 5,529 4,492 Product development and other selling, general and administrative expenses(1)13,150 15,605 25,689 26,508 Less other segment items:Interest income(109)(993)(281)(2,079)Other segment items(2)2,111 9,941 3,669 19,199 Consolidated net loss$(3,626)$(10,061)$(7,173)$(13,452)(1)Includes all product development and selling, general and administrative expenses, excluding