Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 17

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
 Subsequent changes in fair value, until settlement, is recognized in the statement of operations.The following table provides a summary of changes in the estimated fair value of these liabilities (in thousands):Earn-Out SharesPublic WarrantsPrivate Placement WarrantsTotalBalance as of December 31, 2024$1,257 $9 $8 $1,274 Change in fair value(197)(9)(8)(214)Balances as of June 30, 2025$1,060 $— $— $1,060 

5.    Other Financial Statement Information

Accrued expenses consisted of the following (in thousands):June 30,2025December 31,2024Inventory purchases$4,504 $1,657 Compensation and benefits1,039 4,149 Advertising costs440 558 Fulfillment costs830 540 Sales taxes847 1,106 Other accrued expenses3,784 3,536 Total accrued expenses$11,444 $11,546 

16

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

Intangible assets net consisted of the following (in thousands): June 30, 2025December 31, 2024Weighted- Average remaining useful life (years)Gross Carrying AmountAccumulated AmortizationIntangible Assets, NetWeighted- Average remaining useful life (years)Gross Carrying AmountAccumulated AmortizationIntangible Assets, NetCustomer relationships4.7$1,101 $(74)$1,027 $— $— $— Trademarks4.41,251 (412)839 2.1374 (318)56 Grove.com domain nameN/A656 656 N/A656 — 656 Intangible Assets, net$3,008 $(486)$2,522 $1,030 $(318)$712 The estimated annual amortization of intangible assets for the next five years is shown below (in thousands):AmountRemainder of 2025$220 2026404 2027400 2028393 2029386 Thereafter63 Total$1,866 

17

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

6.    De