← Grove Collaborative Holdings, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $364.3m |
$383.7m
+5.33%
|
$321.5m
-16.20%
|
$259.3m
-19.36%
|
$203.4m
-21.54%
|
$173.7m
-14.60%
|
$158.9m
-8.51%
|
|
| Cost of goods sold | $188.3m |
$195.2m
+3.67%
|
$166.9m
-14.50%
|
$121.9m
-26.94%
|
$94.1m
-22.84%
|
$80.4m
-14.49%
|
$73.7m
-8.40%
|
|
| Gross profit | $176.0m |
$188.5m
+7.10%
|
$154.7m
-17.96%
|
$137.4m
-11.18%
|
$109.3m
-20.39%
|
$93.3m
-14.70%
|
$85.3m
-8.60%
|
|
| Selling, general and administrative | $168.3m | $186.6m | $206.9m | $134.9m | $103.2m | $87.4m | $84.8m | |
| Total non-operating expenses, net | $5.7m | $6.3m | ($53.3m) | $7.9m | $4.8m | $366k | — | |
| Operating loss | ($66.5m) |
($3.6m)
+94.63%
|
($141.0m)
-3846.02%
|
($35.3m)
+74.99%
|
($22.5m)
+36.06%
|
($11.3m)
+49.81%
|
($6.0m)
+46.96%
|
|
| Interest expense | $5.6m | $5.2m | $9.7m | $16.1m | $12.8m | $1.2m | $1.1m | |
| Other income, net | $119k | $760k | $3.9m | ($7.9m) | ($3.1m) | ($455k) | $681k | |
| Loss before provision for income taxes | ($72.2m) | ($135.8m) | ($87.7m) | ($43.2m) | ($27.4m) | ($11.7m) | — | |
| Provision for income taxes | $41k | $52k | $54k | $38k | $40k | $33k | — | |
| Net loss | ($72.3m) | $2.7m | ($87.7m) | ($43.2m) | ($27.4m) | ($11.7m) | — | |
| Net loss per share attributable to common stockholders, basic | ($13) | ($16) | ($1) | ($1) | ($1) | ($0) | — | |
| Net loss per share attributable to common stockholders, diluted | ($13) | ($16) | ($1) | ($1) | ($1) | ($0) | — | |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares) | ($13) | $0 | ($1) | ($1) | ($1) | ($0) | — | |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares) | ($13) | $0 | ($1) | ($1) | ($1) | ($0) | — | |
| Advertising | $55.5m | $107.3m | $66.3m | $21.3m | $10.3m | $9.7m | — | |
| Product development | $18.7m | $23.4m | $22.5m | $16.4m | $18.5m | $7.5m | — | |
| Loss on extinguishment of debt | $0 | $1.0m | $4.7m | $0 | $5.0m | $0 | — | |
| Changes in fair value of derivative liabilities | — | $0 | ($71.5m) | ($216k) | ($9.9m) | ($404k) | — | |
| Less: Accumulated dividends on redeemable convertible preferred stock | — | $0 | $0 | ($233k) | ($849k) | ($1.5m) | — |