Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 120

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 120
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 — — — 2,758 — 2,758 Net loss— — — — — (1,336)(1,336)Balances as of September 30, 202425 $24,842 39,352 $4 $637,394 $(635,878)$1,520 

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

6

 Grove Collaborative Holdings, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

Nine Months Ended September 30,20252024Cash Flows from Operating ActivitiesNet loss$(10,133)$(14,788)Adjustments to reconcile net loss to net cash used in operating activities:Gain on lease modification— (3,139)Stock-based compensation expense3,456 9,268 Depreciation and amortization1,287 7,401 Changes in fair value of derivative liabilities(189)(8,019)Non-cash interest expense270 2,811 Asset impairment charges— 700 Inventory write-down(577)(1,883)Other non-cash expenses8 (133)Changes in operating assets and liabilities:Inventory1,989 6,113 Prepaids and other assets955 340 Accounts payable(436)1,318 Accrued expenses(2,720)(5,040)Deferred revenue(1,207)(384)Operating lease right-of-use assets and liabilities579 (4,671)Other liabilities(207)87 Net cash used in operating activities(6,925)(10,019)Cash Flows from Investing ActivitiesCash paid for acquisitions(2,848)— Proceeds from sale of property and equipment13 93 Purchase of property and equipment(1,133)(1,392)Net cash used in investing activities(3,968)(1,299)Cash Flows from Financing ActivitiesPayment of issuance costs related to preferred stock and SEPA(18)— Payment on finance agreement(118)— Payments related to stock-based award activities, net(1,063)(1,077)Payment of debt issuance costs— (114)Repayment of debt— (42,000)Proceeds from issuance of redeemable convertible preferred stock— 15,000 Proceeds from issuance under employee stock purchase plan141 235 Payment of debt modification costs(44)— Net cash used in financing activities(