Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 290

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 290
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24,726 66,215 76,444 Operating loss(2,731)(6,746)(9,729)(14,215)Non-operating expenses (income):Interest expense 292 2,942 943 11,188 Changes in fair value of derivative liabilities25 (7,813)(189)(8,019)Other income, net (94)(550)(375)(2,627)Total non-operating expenses (income), net223 (5,421)379 542 Loss before provision for income taxes(2,954)(1,325)(10,108)(14,757)Provision for income taxes6 11 25 31 Net loss$(2,960)$(1,336)$(10,133)$(14,788)

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The following table sets forth our statements of operations data expressed as a percentage of revenue:

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenue, net100 %100 %100 %100 %Cost of goods sold47 47 46 46 Gross profit53 53 54 54 Operating expenses:Advertising7 6 7 5 Product development4 10 4 9 Selling, general and administrative49 51 50 50 Operating loss(6)(14)(7)(9)Non-operating expenses (income):Interest expense 1 6 1 7 Changes in fair value of derivative liabilities— (16)— (5)Other income, net — (1)— (2)Total non-operating expenses (income), net1 (11)— — Loss before provision for income taxes(7)(3)(8)(10)Provision for income taxes— — — — Net loss(7)%(3)%(8)%(10)%

Comparisons of the Three and Nine Months Ended September 30, 2025 and 2024

Revenue, Net

Three Months EndedSeptember 30,Change Nine Months EndedSeptember 30,Change20252024Amount %20252024Amount%(in thousands, except percentages)Revenue, net:Grove Brand$17,518 $18,606 $(1,088)(6)%$52,956 $63,090 $(10,134)(16)%Third-party product26,216 29,674 (3,458)(12