Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 163

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 163
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Change Nine Months EndedSeptember 30,Change20252024Amount %20252024Amount%(in thousands, except percentages)Product development$1,626 $4,802 $(3,176)(66)%$5,612 $13,864 $(8,252)(60)%

Product development expenses decreased by $3.2 million, or 66%, for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024, primarily due to a $2.1 million decrease in amortization 

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expenses related to certain internally developed software which was fully amortized at the end of fiscal year 2024, a $0.7 million decrease in salaries from reductions in headcount and a $0.3 million decrease in consulting fees.

Product development expenses decreased by $8.3 million, or 60%, for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024, primarily due to a $4.2 million decrease in amortization expenses related to certain internally developed software which was fully amortized at the end of fiscal year 2024, a $2.7 million decrease in salaries and stock based compensation from reductions in headcount and a $1.1 million decrease in severance-related expenses.

Selling, General and Administrative Expenses

Three Months EndedSeptember 30,Change Nine Months EndedSeptember 30,Change20252024Amount %20252024Amount%(in thousands, except percentages)Selling, general and administrative$21,273 $24,726 $(3,453)(14)%$66,215 $76,444 $(10,229)(13)%

Selling, general and administrative expenses decreased by $3.5 million, or 14%, for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024. Stock-based compensation decreased by $1.5 million and corporate salaries decreased by $0.5 million, both driven by reductions in headcount. Additionally, fulfillment costs decreased by $0.9 million due to a lower volume of orders.

Selling, general and administrative expenses decreased by $10.2 million, or 13%, for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024. Stock-based compensation decreased by $5.4 million and corporate salaries decreased