Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 31

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 business activities are managed on a consolidated basis.

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

The CODM uses net loss as reported in the consolidated statements of operations to evaluate the Company’s return on assets in deciding whether and how to invest into the Company’s consolidated operations, such as to expand its product offerings or increase advertising expenditures. The CODM reviews segment assets as presented on its consolidated balance sheets.The Company does not have intra-entity sales or transfers.The table below is segment information for the periods presented and a reconciliation of segment information, including significant expenses, to consolidated net loss (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Segment Revenue, Significant Expenses and Net Loss:Total revenue, net$44,026 $52,099 $87,573 $105,644 Cost of goods sold19,631 24,036 40,114 47,841 Gross profit24,395 28,063 47,459 57,803 Less significant expenses:Fulfillment costs10,147 11,132 20,026 23,135 Advertising2,722 2,439 5,529 4,492 Product development and other selling, general and administrative expenses(1)13,150 15,605 25,689 26,508 Less other segment items:Interest income(109)(993)(281)(2,079)Other segment items(2)2,111 9,941 3,669 19,199 Consolidated net loss$(3,626)$(10,061)$(7,173)$(13,452)(1)Includes all product development and selling, general and administrative expenses, excluding fulfillment costs, stock-based compensation and depreciation and amortization.(2)Includes stock-based compensation, depreciation and amortization and all non-operating expenses, except interest income.

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

12.    Net Loss Per Share Attributable to Common Stockholders

The following potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive (on an as-converted basis):Three Months EndedJune 30,Six Months EndedJune