Company: GROVW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025541
Chunk: 160

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 160
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 unvested options and RSUs was $8.0 million, which the Company expects to recognize over an estimated weighted average period of 2.4 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.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.

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

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 EndedMarch 31,20252024Segment Revenue, Significant Expenses and Net Loss:Total revenue, net$43,547 $53,545 Cost of goods sold20,483 23,805 Gross profit23,064 29,740 Less significant expenses:Fulfillment costs9,879 12,002 Advertising2,807 2,053 Product development and other selling, general and administrative expenses(1)12,539 10,904 Less other segment items:Interest income(172)(1,086)Other segment items(2)1,558 9,258 Consolidated net loss$(3,547)$(3,391)(1)Includes all product development and selling, general and administrative expenses, excluding fulfillment costs, stock-based compensation and depreciation and amortization.

(2)Includes stock-based compensation, depreciation and amortization and all non-operating expenses, except interest income.

12.    Net Loss Per Share Attributable to Common Stockholders

The following potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive (on an as-converted basis):Three Months EndedMarch