GROV: Grove Collaborative Holdings Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Grove Collaborative Holdings Inc (GROV).

OverviewDividends

$54.70M Market Cap.

As of 05/14/2025 5:00 PM ET (MRY) • Disclaimer

GROV Market Cap. (MRY)


GROV Shares Outstanding (MRY)


GROV Assets (MRY)


Total Assets

$65.01M

Total Liabilities

$48.79M

Total Investments

$0

GROV Income (MRY)


Revenue

$203.43M

Net Income

-$27.42M

Operating Expense

$131.90M

GROV Cash Flow (MRY)


CF Operations

-$9.75M

CF Investing

-$1.62M

CF Financing

-$59.19M

GROV Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$65,010,000 (-56.87%)

$150,742,000 (-13.39%)

$174,045,000 (-4.62%)

$182,473,000 (-32.35%)

Assets Current

$44,941,000 (-63.81%)

$124,196,000 (-12.54%)

$142,010,000 (0.76%)

$140,933,000 (-38.17%)

Assets Non-Current

$20,069,000 (-24.40%)

$26,546,000 (-17.13%)

$32,035,000 (-22.88%)

$41,540,000 (-0.59%)

Goodwill & Intangible Assets

$712,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

-$8,549,000 (-205.26%)

$8,122,000 (-69.39%)

$26,533,000 (105.82%)

-$456,279,000 (-34.34%)

Property Plant & Equipment Net

$16,209,000 (-23.68%)

$21,237,000 (-21.03%)

$26,892,000 (-27.60%)

$37,146,000 (-5.56%)

Cash & Equivalents

$23,302,000 (-75.44%)

$94,863,000 (-1.17%)

$95,985,000 (22.47%)

$78,376,000 (-55.60%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$6,340,000 (-11.38%)

$7,154,000 (-34.23%)

$10,878,000 (-3.45%)

$11,267,000 (1.33%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$19,351,000 (-32.75%)

$28,776,000 (-34.80%)

$44,132,000 (-18.95%)

$54,453,000 (16.90%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$6,800,000 (-15.78%)

$8,074,000 (-24.63%)

$10,712,000 (-49.82%)

$21,346,000 (-10.36%)

Accumulated Retained Earnings (Deficit)

-$648,513,000 (-4.42%)

-$621,090,000 (-7.48%)

-$577,858,000 (-17.90%)

-$490,143,000 (-38.36%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$22,085,000 (-75.34%)

$89,555,000 (10.44%)

$81,092,000 (-10.41%)

$90,512,000 (55.43%)

Debt Current

$1,636,000 (-53.11%)

$3,489,000 (-18.48%)

$4,280,000 (-70.07%)

$14,300,000 (193.45%)

Debt Non-Current

$20,449,000 (-76.24%)

$86,066,000 (12.05%)

$76,812,000 (0.79%)

$76,212,000 (42.82%)

Total Liabilities

$48,787,000 (-63.21%)

$132,620,000 (-10.10%)

$147,512,000 (-2.20%)

$150,834,000 (24.20%)

Liabilities Current

$27,064,000 (-22.77%)

$35,043,000 (-39.03%)

$57,473,000 (-16.96%)

$69,214,000 (9.62%)

Liabilities Non-Current

$21,723,000 (-77.74%)

$97,577,000 (8.37%)

$90,039,000 (10.31%)

$81,620,000 (39.99%)

GROV Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$203,425,000 (-21.54%)

$259,278,000 (-19.36%)

$321,527,000 (-16.20%)

$383,685,000 (5.33%)

Cost of Revenue

$94,077,000 (-22.84%)

$121,919,000 (-26.94%)

$166,875,000 (-14.50%)

$195,181,000 (3.67%)

Selling General & Administrative Expense

$113,439,000 (-27.39%)

$156,221,000 (-42.80%)

$273,132,000 (-7.08%)

$293,951,000 (31.32%)

Research & Development Expense

$18,456,000 (12.53%)

$16,401,000 (-27.12%)

$22,503,000 (-3.87%)

$23,408,000 (25.48%)

Operating Expenses

$131,895,000 (-23.59%)

$172,622,000 (-41.61%)

$295,635,000 (-6.85%)

$317,359,000 (30.81%)

Interest Expense

$12,777,000 (-20.53%)

$16,077,000 (66.00%)

$9,685,000 (86.18%)

$5,202,000 (-7.22%)

Income Tax Expense

$40,000 (5.26%)

$38,000 (-29.63%)

$54,000 (3.85%)

$52,000 (26.83%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$27,423,000 (36.57%)

-$43,232,000 (50.71%)

-$87,715,000 (35.45%)

-$135,896,000 (-88.07%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$27,423,000 (36.57%)

-$43,232,000 (50.71%)

-$87,715,000 (35.45%)

-$135,896,000 (-88.07%)

Preferred Dividends Income Statement Impact

$849,000 (-28.66%)

$1,190,000 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$28,272,000 (36.36%)

-$44,422,000 (49.36%)

-$87,715,000 (35.45%)

-$135,896,000 (-88.07%)

Weighted Average Shares

$37,040,375 (6.45%)

$34,797,582 (92.24%)

$18,101,407 (955.95%)

$1,714,230 (59.53%)

Weighted Average Shares Diluted

$37,040,375 (6.45%)

$34,797,582 (92.24%)

$18,101,407 (955.95%)

$1,714,230 (59.53%)

Earning Before Interest & Taxes (EBIT)

-$14,606,000 (46.14%)

-$27,117,000 (65.22%)

-$77,976,000 (40.31%)

-$130,642,000 (-96.12%)

Gross Profit

$109,348,000 (-20.39%)

$137,359,000 (-11.18%)

$154,652,000 (-17.96%)

$188,504,000 (7.10%)

Operating Income

-$22,547,000 (36.06%)

-$35,263,000 (74.99%)

-$140,983,000 (-9.41%)

-$128,855,000 (-93.44%)

GROV Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$1,621,000 (45.70%)

-$2,985,000 (29.30%)

-$4,222,000 (26.80%)

-$5,768,000 (-19.67%)

Net Cash Flow from Financing

-$59,189,000 (-700.54%)

$9,856,000 (-91.65%)

$118,092,000 (240.22%)

$34,710,000 (-84.79%)

Net Cash Flow from Operations

-$9,749,000 (-21.97%)

-$7,993,000 (91.70%)

-$96,261,000 (24.26%)

-$127,089,000 (-51.92%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$70,559,000 (-6188.68%)

-$1,122,000 (-106.37%)

$17,609,000 (117.94%)

-$98,147,000 (-170.26%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$1,621,000 (45.70%)

-$2,985,000 (29.30%)

-$4,222,000 (26.80%)

-$5,768,000 (-19.67%)

Issuance (Repayment) of Debt Securities

-$72,673,000 (-1311.22%)

$6,000,000 (310.01%)

-$2,857,000 (-108.12%)

$35,194,000 (247.90%)

Issuance (Purchase) of Equity Shares

-$1,003,000 (36.88%)

-$1,589,000 (-101.59%)

$100,007,000 (10865.68%)

$912,000 (-72.06%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$11,995,000 (-22.68%)

$15,513,000 (-66.02%)

$45,660,000 (212.53%)

$14,610,000 (88.22%)

Depreciation Amortization & Accretion

$9,821,000 (68.63%)

$5,824,000 (1.89%)

$5,716,000 (14.50%)

$4,992,000 (21.31%)

GROV Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

53.80% (1.51%)

53.00% (10.19%)

48.10% (-2.04%)

49.10% (1.66%)

Profit Margin

-13.90% (18.71%)

-17.10% (37.36%)

-27.30% (22.88%)

-35.40% (-78.79%)

EBITDA Margin

-2.40% (70.73%)

-8.20% (63.56%)

-22.50% (31.19%)

-32.70% (-90.12%)

Return on Average Equity (ROAE)

-9657.40% (-3761.42%)

-250.10% (-712.99%)

40.80% (-64.43%)

114.70%

Return on Average Assets (ROAA)

-25.70% (8.21%)

-28.00% (43.09%)

-49.20% (-21.48%)

-40.50%

Return on Sales (ROS)

-7.20% (31.43%)

-10.50% (56.79%)

-24.30% (28.53%)

-34.00% (-85.79%)

Return on Invested Capital (ROIC)

-19.20% (16.52%)

-23.00% (66.52%)

-68.70% (-68.38%)

-40.80%

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

-1.83 (-32.25%)

-1.38 (-236.50%)

-0.41 (33.92%)

-0.62

Price to Sales Ratio (P/S)

0.25 (6.30%)

0.24 (112.50%)

0.11 (-49.09%)

0.22

Price to Book Ratio (P/B)

-6.4 (-178.40%)

8.16 (225.01%)

2.51 (330.79%)

-1.09

Debt to Equity Ratio (D/E)

-5.71 (-134.95%)

16.33 (193.67%)

5.56 (1779.76%)

-0.33 (7.54%)

Earnings Per Share (EPS)

-0.76 (40.63%)

-1.28 (73.61%)

-4.85 (93.88%)

-79.28 (-17.89%)

Sales Per Share (SPS)

5.49 (-26.29%)

7.45 (-58.05%)

17.76 (-92.06%)

223.82 (-33.97%)

Free Cash Flow Per Share (FCFPS)

-0.31 (2.54%)

-0.32 (94.33%)

-5.55 (92.84%)

-77.5 (5.87%)

Book Value Per Share (BVPS)

-0.23 (-199.14%)

0.23 (-84.11%)

1.47 (100.55%)

-266.17 (15.79%)

Tangible Assets Book Value Per Share (TABVPS)

1.74 (-59.93%)

4.33 (-54.95%)

9.62 (-90.97%)

106.45 (-57.59%)

Enterprise Value Over EBIT (EV/EBIT)

-3 (-50.00%)

-2 (-100.00%)

-1 (75.00%)

-4

Enterprise Value Over EBITDA (EV/EBITDA)

-9.63 (-232.00%)

-2.9 (-319.08%)

-0.69 (82.49%)

-3.95

Asset Turnover

1.85 (13.29%)

1.63 (-9.48%)

1.8 (57.83%)

1.14

Current Ratio

1.66 (-53.13%)

3.54 (43.42%)

2.47 (21.37%)

2.04 (-43.60%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$11,370,000 (-3.57%)

-$10,978,000 (89.07%)

-$100,483,000 (24.37%)

-$132,857,000 (-50.16%)

Enterprise Value (EV)

$46,068,885 (-25.39%)

$61,743,426 (23.56%)

$49,970,448 (-89.94%)

$496,525,502

Earnings Before Tax (EBT)

-$27,383,000 (36.60%)

-$43,194,000 (50.73%)

-$87,661,000 (35.47%)

-$135,844,000 (-88.10%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$4,785,000 (77.53%)

-$21,293,000 (70.53%)

-$72,260,000 (42.49%)

-$125,650,000 (-101.05%)

Invested Capital

$36,017,000 (-67.37%)

$110,391,000 (8.57%)

$101,679,000 (-18.91%)

$125,395,000 (42.02%)

Working Capital

$17,877,000 (-79.95%)

$89,153,000 (5.46%)

$84,537,000 (17.87%)

$71,719,000 (-56.48%)

Tangible Asset Value

$64,298,000 (-57.35%)

$150,742,000 (-13.39%)

$174,045,000 (-4.62%)

$182,473,000 (-32.35%)

Market Capitalization

$54,698,885 (-17.48%)

$66,286,426 (-0.52%)

$66,632,448 (-86.58%)

$496,584,375

Average Equity

$292,750 (-98.35%)

$17,763,500 (108.27%)

-$214,873,000 (-81.31%)

-$118,514,392

Average Assets

$109,960,250 (-30.75%)

$158,789,250 (-10.92%)

$178,259,000 (-46.88%)

$335,593,394

Invested Capital Average

$76,060,000 (-35.57%)

$118,048,250 (3.97%)

$113,537,000 (-64.56%)

$320,332,064

Shares

39,351,716 (5.08%)

37,449,958 (12.13%)

33,399,723 (231.92%)

10,062,500