Grove Collaborative Holdings Inc-A 2025年季度报告

For the transition period from toCommission file number001-40263 Grove Collaborative Holdings, Inc. 88-2840659(I.R.S. EmployerIdentification No.) (Zip Code) Tel.: (800)231-8527(Registrants telephone number, including area code) Not Applicable(Former name,former address and former fiscal year,if changed since last report) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesoNox The registrant had outstanding40,254,806shares of Class A common stock as of May8, 2025. Table of Contents PART I - FINANCIAL INFORMATION Item 1.Financial Statements3Condensed Consolidated Balance SheetsasofMarch 31, 2025 and December 31, 20243Condensed Consolidated Statements of Operations for the threemonths endedMarch31, 2025and 20244Condensed Consolidated Statements of Redeemable Convertible Preferred Stock, Common Stock andStockholders’ Equity for the three months ended March 31, 2025 and 20245Condensed Consolidated Statements of Cash Flowsfor thethreemonths endedMarch 31, 3025 and 20246Notes to the Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3.Quantitative and Qualitative Disclosures about Market Risk42Item 4.Controls and Procedures42Part II - OTHER INFORMATIONItem 1.Legal Proceedings43Item 1A.Risk Factors43Item 2.Unregistered Sales of Equity Securities and Use of Proceeds71Item 3.Defaults Upon Senior Securities71Item 4.Mine Safety Disclosures71Item 5.Other Information71Item 6.Exhibits71Signatures74 Grove Collaborative Holdings, Inc.Condensed Consolidated Balance Sheets(Unaudited)(In thousands, except share and per share amounts) Grove Collaborative Holdings, Inc.Condensed Consolidated Statements of Operations(Unaudited)(In thousands, except share and per share amounts) The accompanying notes are an integral part of these condensed consolidated financial statements. The accompanying notes are an integral part of these condensed consolidated financial statements. Grove Collaborative Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands) Grove Collaborative Holdings, Inc. Condensed Consolidated Statements of Cash Flows - Continued (Unaudited) (In thousands) Supplemental Disclosure of Non-Cash Investing and Financing Activities Three Months Ended March31, The accompanying notes are an integral part of these condensed consolidated financial statements. Grove Collaborative Holdings, Inc.Notes to Condensed Consolidated Financial Statements(Unaudited) 1.Description of Business Grove Collaborative Holdings, Inc., a public benefit corporation, and its wholly owned subsidiaries (collectively, the“Company” or “Grove”) is a digital-first, sustainability-oriented consumer products innovator specializing in the development andsale of household, personal care, beauty and other consumer products with an environmental focus and headquartered in SanFrancisco, California. The Company does not have any operations outside the United States. The Company sells its productsprimarily through a direct-to-consumer (“DTC”) platform at www.grove.co and the Company’s mobile applications, where theCompany sells products from Grove-owned brands (“Grove Brands”) and third-parties. The Company has historically soldproducts through a retail channel in which the Company sold products from Grove-owned brands at wholesale. In third quarter offiscal year 2024, the Company made the strategic decision to wind down sales through the retail channel. The Company developsand sells natural products that are free from the harmful chemicals identified in the Company’s “anti-ingredient” list and designsform factors and pr