Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 367

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 367
---
 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, $0.7 million of asset impairment charges and $0.3 million of costs related to the closure of our facility in Missouri.

(2) Transaction related costs are costs and expenses primarily associated with the acquisition of Grab Green and the acquisition of 8Greens. These costs include costs of integrating the businesses and costs for third-party legal, accounting, consulting and other similar type professional services. These costs are considered incremental to our normal operating charges and were incurred solely as a result of the transactions.

Components of Results of Operations

Revenue, Net

We generate revenue primarily from the sale of both third-party and our Grove Brands products through our DTC platform. Customers purchase products through our website or mobile application through a combination of directly selecting items from the catalog, items that are