Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 263

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 263
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257 Public Warrants— — 9 9 Private Placement Warrants— — 8 8 Total$— $— $1,274 $1,274 Earn-Out SharesCertain Earn-Out Shares are accounted for as a liability, refer to Note 8, Common Stock and Warrants. Subsequent changes in fair value, until settlement or until equity classification is met, is recognized in the statements of operations.Private Placement and Public Warrants LiabilitiesAs of September 30, 2025, the Company has Private Placement and Public Warrants defined and discussed in Note 8, Common Stock and Warrants. Such warrants are accounted for as a liability. 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(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