← Grove Collaborative Holdings, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net loss | ($72.3m) | $2.7m | ($87.7m) | ($43.2m) | ($27.4m) | ($11.7m) | — | |
| Depreciation and amortization | $4.1m | $5.0m | $5.7m | $5.8m | $9.8m | $1.7m | $1.6m | |
| Stock-based compensation | $7.8m | $14.6m | $45.7m | $15.5m | $12.0m | $4.3m | $3.6m | |
| Payments related to stock-based award activities, net | — | — | — | ($2.1m) | ($1.4m) | ($1.3m) | — | |
| Asset impairment charges | — | $0 | $5.3m | $2.5m | $1.3m | $915k | $1.3m | |
| Inventory write-downs | $1.8m | $4.7m | $7.0m | $372k | ($3.1m) | ($328k) | — | |
| Inventory | ($18.6m) | ($12.6m) | $3.3m | $15.0m | $12.5m | $3.3m | $1.3m | |
| Accounts payable | ($16.2m) | ($2.5m) | ($10.5m) | ($2.6m) | ($1.3m) | ($376k) | $16k | |
| Purchase of property and equipment in accounts payable and accrued liabilities | $86k | $112k | $85k | $21k | $4k | $184k | ($645k) | |
| Debt issuance costs in accounts payable and accrued liabilities | $0 | $0 | $46k | $0 | $45k | $0 | — | |
| Redeemable convertible preferred stock issuance costs in accounts payable and accrued liabilities | — | — | — | — | $15k | $0 | — | |
| Accrued expenses | $5.6m | $2.4m | ($5.0m) | $2.2m | ($4.6m) | ($2.2m) | ($2.0m) | |
| Deferred revenue | $2.1m | $148k | ($389k) | ($3.7m) | ($814k) | ($1.3m) | — | |
| Cost of debt extinguishment in accrued liabilities | — | — | — | $0 | $78k | $0 | — | |
| Prepaids and other assets | ($1.4m) | ($3.3m) | $3.1m | $1.7m | $569k | ($1.2m) | — | |
| Other liabilities | $961k | ($774k) | ($1.9m) | $57k | $436k | ($445k) | — | |
| Net cash used in operating activities | ($83.7m) |
($1.9m)
+97.70%
|
($96.3m)
-4907.75%
|
($8.0m)
+91.70%
|
($9.7m)
-21.97%
|
($7.0m)
+28.67%
|
($477k)
+93.14%
|
|
| Proceeds from sale of property and equipment | — | — | — | $0 | $136k | $15k | — | |
| Purchase of property and equipment | ($4.8m) | ($5.8m) | ($4.2m) | ($3.0m) | ($1.8m) | ($1.2m) | ($645k) | |
| Cash paid for acquisitions | — | — | — | — | $0 | ($2.8m) | — | |
| Net cash used in investing activities | ($4.8m) | ($402.5m) | ($4.2m) | ($3.0m) | ($1.6m) | ($4.0m) | ($630k) | |
| Loss on extinguishment of debt | $0 | $1.0m | $4.7m | $0 | $5.0m | $0 | — | |
| Payment of debt issuance costs | ($279k) | ($375k) | ($2.5m) | ($925k) | ($301k) | $0 | — | |
| Repayment of debt and Structural Derivative Liability | — | — | — | ($575k) | ($72.3m) | $0 | ($1.3m) | |
| Payment of costs to extinguish debt | $0 | ($2.5m) | ($66.0m) | $0 | ($24k) | ($77k) | — | |
| Payment of debt modification costs | — | — | — | — | $0 | ($68k) | — | |
| Net cash used in financing activities | $228.2m |
$404.9m
+77.47%
|
$118.1m
-70.84%
|
$9.9m
-91.65%
|
($59.2m)
-700.54%
|
($1.6m)
+97.37%
|
($1.4m)
+8.15%
|
|
| Cash, cash equivalents and restricted cash at beginning of period | $176.5m | $78.4m | $96.0m | $94.9m | $24.3m | $11.8m | — | |
| Net decrease in cash, cash equivalents and restricted cash | $139.7m | ($98.1m) | $17.6m | ($1.1m) | ($70.6m) | ($12.5m) | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Gain on lease modification | — | — | — | — | ($3.1m) | $0 | — | |
| Changes in fair value of derivative liabilities | $0 | $0 | ($71.5m) | ($216k) | ($9.9m) | ($404k) | — | |
| Non-cash interest expense | $917k | $704k | $586k | $3.8m | $3.4m | $322k | — | |
| Other non-cash expenses (income) | $401k | $1.3m | $274k | $135k | ($140k) | $6k | — | |
| Operating lease right-of-use assets and liabilities | $278k | $65k | ($130k) | ($1.6m) | ($4.3m) | $502k | — | |
| Payment of issuance costs related to SEPA | ($210k) | ($596k) | ($6.6m) | ($4.6m) | $0 | ($43k) | — | |
| Payment on finance agreement | — | — | — | — | $0 | ($353k) | — | |
| Payment of transaction costs related to redeemable convertible preferred stock | — | — | — | — | ($513k) | $0 | — | |
| Proceeds from issuance under employee stock purchase plan | — | — | — | $482k | $363k | $248k | — | |
| Cash paid for taxes | $4k | $52k | $67k | $43k | $49k | $34k | — | |
| Cash paid for interest | $3.9m | $4.5m | $10.1m | $12.1m | $9.4m | $598k | — | |
| Financing agreement entered into for prepaid insurance | — | — | — | — | $0 | $588k | — | |
| Cancellation of Volition Warrants | — | — | — | $0 | $300k | $0 | — |