Company: GROVW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025541
Chunk: 134

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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082)Deferred revenue(520)(585)Operating lease right-of-use assets and liabilities188 (4,872)Other liabilities(82)176 Net cash used in operating activities(6,872)(12,380)Cash Flows from Investing ActivitiesCash paid for acquisitions(2,848)— Purchase of property and equipment(541)(518)Net cash used in investing activities(3,389)(518)Cash Flows from Financing ActivitiesPayment of preferred stock issuance costs(15)— Payments related to stock-based award activities, net(521)(381)Net cash used in financing activities(536)(381)Net decrease in cash, cash equivalents and restricted cash(10,797)(13,279)Cash, cash equivalents and restricted cash at beginning of period24,304 94,863 Cash, cash equivalents and restricted cash at end of period $13,507 $81,584 

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 Grove Collaborative Holdings, Inc.

Condensed Consolidated Statements of Cash Flows - Continued

(Unaudited)

(In thousands)

Three Months Ended March 31,20252024Supplemental DisclosureCash paid for taxes$25 $10 Cash paid for interest$222 $3,192 Supplemental Disclosure of Non-Cash Investing and Financing ActivitiesPurchase of property and equipment in accounts payable and accrued liabilities$— $24 Debt issuance costs in accounts payable and accrued liabilities$45 $— Costs of debt extinguishment in accrued liabilities$78 $— 

Reconciliation of cash, cash equivalents, and restricted cash:Three Months Ended March 31,20252024Cash and cash equivalents $9,605 $77,757 Restricted cash, current2,900 3,325 Restricted cash, noncurrent1,002 502 Total cash, cash equivalents and restricted cash$13,507 $81,584 

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

7

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

1.    Description of Business

Grove Collaborative Holdings, Inc., a public benefit corporation, and its wholly owned subsidiaries (collectively, the “Company” or “Grove”) is a digital-first, sustainability-oriented consumer products innovator specializing in the development and sale of household, personal care, beauty and other consumer products with an environmental focus and headquartered in San Francisco, California. The Company does not have