Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 1

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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, 2024, respectively; No shares and 3,913,149 Class B shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital641,674 639,960 Accumulated deficit(655,686)(648,513)Total stockholders’ deficit(14,008)(8,549)Total liabilities, redeemable convertible preferred stock and stockholders’ deficit$57,826 $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 EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue, net$44,026 $52,099 $87,573 $105,644 Cost of goods sold19,631 24,036 40,114 47,841 Gross profit24,395 28,063 47,459 57,803 Operating expenses:Advertising2,722 2,439 5,529 4,492 Product development2,207 5,436 3,986 9,062 Selling, general and administrative22,956 27,124 44,942 51,718 Operating loss(3,490)(6,936)(6,998)(7,469)Non-operating expenses (income):Interest expense 305 4,117 651 8,246 Changes in fair value of derivative liabilities(70)(8)(214)(206)Other income, net (109)(994)(281)(2,077)Total non-operating expenses (income), net126 3,115 156 5,963 Loss before provision for income taxes(3,616)(10,051)(7,154)(13,432)Provision for income taxes10 10 19 20 Net loss$(3,626)$(10,061)$(7,173)$(13,452)Less: Accumulated dividends on redeemable convertible preferred stock(375)(150)(750)(300)Net loss attributable to common stockholders, basic and diluted$(4,001)$(10,211)$(7,923)$(13,752)Net loss per share attributable to common stockholders, basic