Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 371

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 371
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)— (2)Total non-operating expenses (income), net— 6 — 6 Loss before provision for income taxes(8)(19)(8)(13)Provision for income taxes— — — — Net loss(8)%(19)%(8)%(13)%

Comparisons of the Three and Six Months Ended June 30, 2025 and 2024

Revenue, Net

Three Months EndedJune 30,Change Six Months EndedJune 30,Change20252024Amount %20252024Amount%(in thousands, except percentages)Revenue, net:Grove Brand$17,825 $21,438 $(3,613)(17)%$35,438 $44,484 $(9,046)(20)%Third-party product26,201 30,661 (4,460)(15)52,135 61,160 (9,025)(15)Total revenue, net$44,026 $52,099 $(8,073)(15)%$87,573 $105,644 $(18,071)(17)%

Revenue decreased by $8.1 million, or 15%, and $18.1 million, or 17%, for the three and six months ended June 30, 2025, respectively, as compared to the three and six months ended June 30, 2024. This decline was primarily driven by a decrease in DTC Total Orders from lower advertising expenses in previous periods, temporary disruptions related to the migration from our internally developed legacy ecommerce platform to third party service providers and decreases in DTC Net Revenue Per Order.

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Cost of Goods Sold and Gross Profit

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024Amount%20252024Amount%(in thousands, except percentages)Cost of goods sold$19,631$24,036$(4,405)(18)%$40,114$47,841$(7,727)(16)%Gross profit 24,39528,063(3,668)(13)%47,45957,803(10,344)(18)%Gross margin55 %54 %54 %55 %

Cost of goods sold decreased by $4.4 million, or 18%, for the three months ended June 30, 2025, respectively, as compared to the three months ended June 30, 2024, primarily due to