Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 3

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 stock upon settlement of restricted stock units, net of tax withholdings— — 274 — (381)— (381)Stock-based compensation— — — — 3,164 — 3,164 Net loss— — — — — (3,391)(3,391)Balances as of March 31, 202410 $10,000 38,182 $4 $631,991 $(624,481)$7,514 Issuance of common stock upon exercise of stock options— — 7 — 6 — 6 Shares issued in connection with the Employee Stock Purchase Plan— — 166 — 235 — 235 Issuance of common stock upon settlement of restricted stock units, net of tax withholdings— — 598 — (414)— (414)Stock-based compensation— — — — 3,406 — 3,406 Net loss— — — — — (10,061)(10,061)Balances as of June 30, 202410 $10,000 38,953 $4 $635,224 $(634,542)$686 

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

 Grove Collaborative Holdings, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

Six Months Ended June 30,20252024Cash Flows from Operating ActivitiesNet loss$(7,173)$(13,452)Adjustments to reconcile net loss to net cash used in operating activities:Gain on lease modification— (3,139)Stock-based compensation expense2,347 6,510 Depreciation and amortization866 4,627 Changes in fair value of derivative liabilities(214)(206)Non-cash interest expense219 1,922 Asset impairment charges— 700 Inventory write-down(351)(1,216)Changes in operating assets and liabilities:Inventory1,013 2,150 Prepaids and other assets409 99 Accounts payable(2,912)1,175 Accrued expenses(87)(4,700)Deferred revenue(349)(268)Operating lease right-of-use assets and liabilities625 (4,886)Other liabilities(278)(85)Net cash used in operating activities(5,