Grove Collaborative Holdings, Inc.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $78.4m $81.1m $86.4m $19.6m $8.5m
Restricted cash, current $0 $11.9m $5.7m $3.7m $2.3m
Inventory $54.5m $44.1m $28.8m $19.4m $18.4m
Prepaid expenses and other current assets $8.1m $4.8m $3.4m $2.3m $5.5m
Restricted cash, noncurrent $0 $3.0m $2.8m $1.0m $1.0m
Total current assets $1.1m $142.0m $124.2m $44.9m $34.7m
Property and equipment, net $15.9m $14.5m $11.6m $3.7m $3.7m
Intangible assets, net $712k $2.3m
Operating lease right-of-use assets $21.2m $12.4m $9.6m $12.5m $9.5m
Other long-term assets $4.4m $2.2m $2.5m $2.9m $1.9m
Deferred revenue $11.3m $10.9m $7.2m $6.3m $5.0m
Debt, current $10.8m $575k $0 $0 $800k
Operating lease liabilities, current $3.5m $3.7m $3.5m $1.6m $2.9m
Other current liabilities $1.6m $249k $306k $742k $665k
Derivative liabilities $13.3m $13.2m $11.5m $1.3m $871k
Debt, noncurrent $56.2m $60.6m $71.7m $7.5m $6.7m
Operating lease liabilities, noncurrent $20.0m $16.2m $14.4m $12.9m $10.1m
Total stockholders’ deficit ($29.5m) $26.5m $8.1m ($8.5m) ($17.0m)
Total assets $403.8m $174.0m $150.7m $65.0m $53.1m
Accounts payable $21.3m $10.7m $8.1m $6.8m $8.8m
Accrued expenses $2.4m $31.4m $16.0m $11.5m $9.5m
Total current liabilities $3.4m $57.5m $35.0m $27.1m $27.7m
Total liabilities $30.8m $147.5m $132.6m $48.8m $45.3m
Redeemable convertible preferred stock, $0.0001 par value – 100,000,000 shares authorized at December 31, 2025 and December 31, 2024; 25,000 shares issued and outstanding at December 31, 2025 and December 31, 2024 402.5m 0 10.0m 24.8m 24.8m
Common stock - Class A Common Stock, $0.0001 par value – 600,000,000 shares authorized at December 31, 2025 and December 31, 2024; 41,796,921 and 35,871,574 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively; Class B Common Stock, $0.0001 par value – Nil and 200,000,000 shares authorized at December 31, 2025 and December 31, 2024, respectively; Nil and 3,913,149 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 1k 18k 4k 4k 4k
Additional paid-in capital $0 $604.4m $629.2m $640.0m $643.2m
Accumulated deficit ($29.5m) ($577.9m) ($621.1m) ($648.5m) ($660.2m)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit $403.8m $174.0m $150.7m $65.0m $53.1m