Grove Collaborative Holdings, Inc. financial data

Symbol
GROV on NYSE, GROVW on OTC
Industry
Retail-Catalog & Mail-Order Houses
Location
1301 Sansome Street, San Francisco, California
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Virgin Group Acquisition Corp. II (to 6/15/2022)
Latest financial report
Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 353 % +60.6%
Quick Ratio 90.8 % +35.1%
Debt-to-equity 1.04 K % +4.38%
Return On Equity -264 % +12.6%
Return On Assets -22.1 % +20%
Operating Margin -9.18 % +74.1%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 43.9 M USD -85.1%
Common Stock, Value, Issued 4 K USD -77.8%
Weighted Average Number of Shares Outstanding, Basic 36.3 M shares +7.45%
Weighted Average Number of Shares Outstanding, Diluted 36.3 M shares +7.45%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 241 M USD -20.3%
Research and Development Expense 15.8 M USD -22.8%
Operating Income (Loss) -22.1 M USD +79.4%
Nonoperating Income (Expense) -11.4 M USD -121%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -33.5 M USD +37.2%
Income Tax Expense (Benefit) 38 K USD -7.32%
Net Income (Loss) Attributable to Parent -33.6 M USD +37.2%
Earnings Per Share, Basic -0.99 USD/shares -421%
Earnings Per Share, Diluted -0.99 USD/shares -421%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 77.8 M USD -4.77%
Inventory, Net 31.5 M USD -23.2%
Assets, Current 116 M USD -13.6%
Property, Plant and Equipment, Net 10 M USD -27.8%
Operating Lease, Right-of-Use Asset 9.04 M USD -22.8%
Other Assets, Noncurrent 2.36 M USD -16.4%
Assets 138 M USD -16.7%
Accounts Payable, Current 8.2 M USD -33.3%
Employee-related Liabilities, Current 2.31 M USD -19.1%
Accrued Liabilities, Current 11.9 M USD -14.5%
Contract with Customer, Liability, Current 6.57 M USD -28.2%
Liabilities, Current 28.9 M USD -27.9%
Operating Lease, Liability, Noncurrent 7.61 M USD -50%
Other Liabilities, Noncurrent 0 USD -100%
Liabilities 120 M USD -12.7%
Retained Earnings (Accumulated Deficit) -624 M USD -5.68%
Stockholders' Equity Attributable to Parent 7.51 M USD -72.9%
Liabilities and Equity 138 M USD -16.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -12.4 M USD -83.8%
Net Cash Provided by (Used in) Financing Activities -381 K USD -119%
Net Cash Provided by (Used in) Investing Activities -518 K USD +33.9%
Common Stock, Shares Authorized 900 M shares
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -13.3 M USD -140%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 81.6 M USD -9.81%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.19 M USD +16.8%
Deferred Tax Assets, Valuation Allowance 146 M USD +4.8%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Cash and Cash Equivalents, Period Increase (Decrease) -427 K USD -130%
Deferred Tax Assets, Gross 149 M USD +3.79%
Operating Lease, Liability 17.9 M USD -10.1%
Depreciation 1.7 M USD -15%
Payments to Acquire Property, Plant, and Equipment 518 K USD -33.9%
Lessee, Operating Lease, Liability, to be Paid 23.9 M USD -13.3%
Property, Plant and Equipment, Gross 28.2 M USD +1.4%
Operating Lease, Liability, Current 1.7 M USD -54.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 6.04 M USD +2.76%
Lessee, Operating Lease, Liability, to be Paid, Year One 5.97 M USD -6.84%
Operating Lease, Weighted Average Discount Rate, Percent 0.16 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5.98 M USD -21.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 6.22 M USD +15.8%
Deferred Tax Assets, Operating Loss Carryforwards 126 M USD +5.45%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1 M shares 0%
Unrecognized Tax Benefits 40 K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 4.24 M USD -23.2%
Operating Lease, Payments 4.8 M USD
Additional Paid in Capital 632 M USD +2.16%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 2.2 M USD +52%
Deferred Tax Assets, Net of Valuation Allowance 3.59 M USD -25.6%
Share-based Payment Arrangement, Expense 13.7 M USD -68.9%
Interest Expense 16.5 M USD +45.5%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%