Grove Collaborative Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 19, 2025.
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FY2024 · Filed Mar 19, 2025
GROV$1.10+0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $19,627 | $86,411 |
| Restricted cash | 3,675 | 5,650 |
| Inventory | 19,351 | 28,776 |
| Prepaid expenses and other current assets | 2,288 | 3,359 |
| Total current assets | 44,941 | 124,196 |
| Restricted cash | 1,002 | 2,802 |
| Property and equipment, net | 3,677 | 11,625 |
| Operating lease right-of-use assets | 12,532 | 9,612 |
| Other long-term assets | 2,858 | 2,507 |
| Total assets | $65,010 | $150,742 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable | $6,800 | $8,074 |
| Accrued expenses | 11,546 | 16,020 |
| Deferred revenue | 6,340 | 7,154 |
| Operating lease liabilities, current | 1,636 | 3,489 |
| Other current liabilities | 742 | 306 |
| Total current liabilities | 27,064 | 35,043 |
| Debt, noncurrent | 7,500 | 71,662 |
| Operating lease liabilities, noncurrent | 12,949 | 14,404 |
| Derivative liabilities | 1,274 | 11,511 |
| Total liabilities | 48,787 | 132,620 |
| Commitments and contingencies (Note 6) | ||
| Redeemable convertible preferred stock, $0.0001 par value – 100,000,000 shares authorized at December 31, 2024 and December 31, 2023; 25,000 and 10,000 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 24,772 | 10,000 |
| Stockholders’ equity (deficit): | ||
| Common stock - Class A Common Stock, $0.0001 par value – 600,000,000 shares authorized at December 31, 2024 and December 31, 2023; 35,871,574 and 32,183,695 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively; Class B Common Stock, $0.0001 par value – 200,000,000 shares authorized at December 31, 2024 and December 31, 2023; 3,913,149 and 5,724,199 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 4 | 4 |
| Additional paid-in capital | 639,960 | 629,208 |
| Accumulated deficit | (648,513) | (621,090) |
| Total stockholders’ equity (deficit) | (8,549) | 8,122 |
| Total liabilities, redeemable convertible preferred stock and stockholders’ equity | $65,010 | $150,742 |
Consolidated
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