Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 284

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 284
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 EBITDA Margin as Adjusted EBITDA divided by net revenue. Because Adjusted EBITDA excludes these elements that are otherwise included in our GAAP financial results, this measure has limitations when compared to net loss determined in accordance with GAAP. Further, Adjusted EBITDA is not necessarily comparable to similarly titled measures used by other companies. For these reasons, investors should not consider Adjusted EBITDA in isolation from, or as a substitute for, net loss determined in accordance with GAAP.

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The following table presents a reconciliation of net loss, the most directly comparable financial measure stated in accordance with GAAP, to Adjusted EBITDA, for each of the periods presented.

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Reconciliation of Net Loss to Adjusted EBITDA(in thousands, except percentages)Net loss$(3,626)$(10,061)$(7,173)$(13,452)Stock-based compensation1,378 3,397 2,347 6,510 Depreciation and amortization488 2,426 866 4,627 Changes in fair value of derivative liabilities(70)(8)(214)(206)Interest income(109)(993)(281)(2,079)Interest expense305 4,117 651 8,246 Restructuring and severance related costs(1)— 2,170 — (715)Transaction related costs (2)712 — 1,275 — Provision for income taxes10 10 19 20 Total Adjusted EBITDA$(912)$1,058 $(2,510)$2,951 Net loss margin(8.2)%(19.3)%(8.2)%(12.7)%Adjusted EBITDA margin (loss)(2.1)%2.0 %(2.9)%2.8 %

(1)Restructuring expenses for the three months ended June 30, 2024 consisted of $1.2 million of severance-related charges, $0.7 million of asset impairment charges and $0.3 million of costs related to the closure of our facility in Missouri. Restructuring expenses for the six months ended June 30, 2024 consisted of a $3.1 million gain from the modification of our lease at our San Francisco headquarters offset by $1.5 million in severance-related charges, $0