Company: GROVW
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001628280-25-013839
Chunk: 191

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8
Chunk 191
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 31, 2024 and December 31, 2023; 25,000 and 10,000 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively24,772 10,000 Stockholders’ equity (deficit):Common stock - Class A Common Stock, $0.0001 par value – 600,000,000 shares authorized at December 31, 2024 and December 31, 2023; 35,871,574 and 32,183,695 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively; Class B Common Stock, $0.0001 par value – 200,000,000 shares authorized at December 31, 2024 and December 31, 2023; 3,913,149 and 5,724,199 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively4 4 Additional paid-in capital639,960 629,208 Accumulated deficit(648,513)(621,090)Total stockholders’ equity (deficit)(8,549)8,122 Total liabilities, redeemable convertible preferred stock and stockholders’ equity$65,010 $150,742 

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

68

 Grove Collaborative Holdings, Inc.

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

Year ended December 31,20242023Revenue, net$203,425 $259,278 Cost of goods sold94,077 121,919 Gross profit109,348 137,359 Operating expenses:Advertising10,265 21,292 Product development18,456 16,401 Selling, general and administrative103,174 134,929 Operating loss(22,547)(35,263)Non-operating expenses:Interest expense 12,777 16,077 Loss on extinguishment of debt5,004 — Changes in fair value of derivative liabilities(9,888)(216)Other income, net (3,057)(7,930)Total non-operating expenses, net4,836 7,931 Loss before provision for income taxes(27,383)(43,194)Provision for income taxes40 38 Net loss$(27,