Company: GROVW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025541
Chunk: 133

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 133
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 31, 202425 $24,772 39,785 $4 $639,960 $(648,513)$(8,549)Issuance of common stock upon settlement of restricted stock units, net of tax withholdings— — 470 — (521)— (521)Stock-based compensation— — — — 969 — 969 Net loss— — — — — (3,547)(3,547)Balances as of March 31, 202525 $24,772 40,255 $4 $640,408 $(652,060)$(11,648)

Redeemable Convertible Preferred StockCommon StockAdditionalPaid-InCapitalAccumulatedDeficitTotalStockholders’ EquitySharesAmountSharesAmountBalances as of December 31, 202310 $10,000 37,908 $4 $629,208 $(621,090)$8,122 Issuance of common stock upon settlement of restricted stock units, net of tax withholdings— — 274 — (381)— (381)Stock-based compensation— — — — 3,164 — 3,164 Net loss— — — — — (3,391)(3,391)Balances as of March 31, 202410 $10,000 38,182 $4 $631,991 $(624,481)$7,514 

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

5

 Grove Collaborative Holdings, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

Three Months Ended March 31,20252024Cash Flows from Operating ActivitiesNet loss$(3,547)$(3,391)Adjustments to reconcile net loss to net cash used in operating activities:Gain on lease modification— (3,139)Stock-based compensation expense969 3,113 Depreciation and amortization378 2,201 Changes in fair value of derivative liabilities(144)(198)Non-cash interest expense139 961 Inventory write-down(107)(505)Changes in operating assets and liabilities:Inventory(536)(2,170)Prepaids and other assets(61)(14)Accounts payable(816)125 Accrued expenses(2,733)(4,