Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 134

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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 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(172)(9)(8)(189)Balances as of September 30, 2025$1,085 $— $— $1,085 

5.    Other Financial Statement Information

Accrued expenses consisted of the following (in thousands):September 30,2025December 31,2024Inventory purchases$2,805 $1,657 Compensation and benefits1,398 4,149 Advertising costs300 558 Fulfillment costs611 540 Sales taxes899 1,106 Other accrued expenses2,798 3,536 Total accrued expenses$8,811 $11,546 

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

Intangible assets net consisted of the following (in thousands): September 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 relationships4.5$1,101 $(130)$971 $— $— $— Trademarks4.31,251 (470)781 2.1374 (318)56 Grove.com domain nameN/A656 656 N/A656 — 656 Intangible Assets, net$3,008 $(600)$2,408 $1,030 $(318)$712 The estimated annual amortization of intangible assets for the next five years is shown below (in thousands):AmountRemainder of 2025$106 2026404 2027400 2028393 2029386 Thereafter63 Total$1,752 

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

6.    Debt 

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