Company: GROVW
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001628280-25-013839
Chunk: 193

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8
Chunk 193
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— 15,706 Net loss— — — — — (43,232)(43,232)Balances as of December 31, 202310$10,000 37,908$4 $629,208 $(621,090)$8,122 Issuance of Series A' Preferred Stock, net of issuance costs15 14,772 — — — — — Cancellation of Volition Warrants— — — — (300)— (300)Issuance of common stock upon exercise of stock options— — 7 — 6 — 6 Shares issued in connection with the Employee Stock Purchase Plan— — 279 — 363 — 363 Issuance of common stock upon settlement of restricted stock units, net of tax withholdings— — 1,591 — (1,372)— (1,372)Stock-based compensation— — — — 12,055 — 12,055 Net loss— — — — — (27,423)(27,423)Balances as of December 31, 202425$24,772 39,785$4 $639,960 $(648,513)$(8,549)

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

70

 Grove Collaborative Holdings, Inc.

Consolidated Statements of Cash Flows

(In thousands)

Year Ended December 31,20242023Cash Flows from Operating ActivitiesNet loss$(27,423)$(43,232)Adjustments to reconcile net loss to net cash used in operating activities:Gain on partial termination of lease$(3,139)$— Stock-based compensation11,995 15,513 Depreciation and amortization9,821 5,824 Changes in fair value of derivative liabilities(9,888)(216)Reduction of transaction costs allocated to derivative liabilities upon Business Combination— (3,745)Non-cash interest expense3,380 3,833 Asset impairment charges1,260 2,495 Inventory reserve(3,061)372 Loss on extinguishment of debt5,004 — Other non-cash expenses (income)(140)135 Changes in operating assets and liabilities:Inventory12,486 14,984 Prepaids and other assets569 1,672