Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 117

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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 31, 2024, respectively; No shares and 3,913,149 Class B shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital642,494 639,960 Accumulated deficit(658,646)(648,513)Total stockholders’ deficit(16,148)(8,549)Total liabilities, redeemable convertible preferred stock and stockholders’ deficit$54,647 $65,010 

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

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Table of Contents

 Grove Collaborative Holdings, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

(In thousands, except share and per share amounts)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenue, net$43,734 $48,280 $131,307 $153,924 Cost of goods sold20,412 22,678 60,526 70,519 Gross profit23,322 25,602 70,781 83,405 Operating expenses:Advertising3,154 2,820 8,683 7,312 Product development1,626 4,802 5,612 13,864 Selling, general and administrative21,273 24,726 66,215 76,444 Operating loss(2,731)(6,746)(9,729)(14,215)Non-operating expenses (income):Interest expense 292 2,942 943 11,188 Changes in fair value of derivative liabilities25 (7,813)(189)(8,019)Other income, net (94)(550)(375)(2,627)Total non-operating expenses (income), net223 (5,421)379 542 Loss before provision for income taxes(2,954)(1,325)(10,108)(14,757)Provision for income taxes6 11 25 31 Net loss$(2,960)$(1,336)$(10,133)$(14,788)Less: Accumulated dividends on redeemable convertible preferred stock(375)(174)(1,125)(474)Net loss attributable to common stockholders, basic and diluted$(3,335)$(1,510)$(11,258)$(15,262)Net loss per share