Grove Collaborative Holdings, Inc.
Balance Sheet
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $8.3M | $7.2M | $8.5M | $8.9M | $10.0M | $9.6M | $19.6M | $50.8M |
| Accounts Receivable | $652.0K | $514.0K | $3.1M | — | — | — | $439.0K | — |
| Inventory | $19.5M | $21.5M | $18.4M | $20.0M | $20.7M | $22.0M | $19.4M | $24.5M |
| Total Current Assets | $33.9M | $33.5M | $34.7M | $34.5M | $36.8M | $38.2M | $44.9M | $81.8M |
| Property, Plant & Equipment | $3.5M | $3.5M | $3.7M | $3.8M | $3.9M | $3.9M | $3.7M | $6.0M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $2.1M | $2.2M | $2.3M | $2.4M | $2.5M | $2.6M | $712.0K | — |
| Total Assets | $50.8M | $51.1M | $53.1M | $54.6M | $57.8M | $59.8M | $65.0M | $105.2M |
| Liabilities | ||||||||
| Accounts Payable | $6.4M | $8.7M | $8.8M | $8.8M | $6.3M | $8.4M | $6.8M | $9.7M |
| Total Current Liabilities | $26.9M | $26.2M | $27.7M | $27.5M | $27.6M | $25.8M | $27.1M | $39.6M |
| Long-Term Debt | $7.5M | $7.5M | $6.7M | $6.6M | $6.8M | $7.5M | $7.5M | $22.2M |
| Total Liabilities | $43.5M | $43.7M | $45.3M | $46.0M | $47.1M | $46.7M | $48.8M | $78.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-662.2M | $-661.2M | $-660.2M | $-658.6M | $-655.7M | $-652.1M | $-648.5M | $-635.9M |
| Total Stockholders' Equity | $-17.5M | $-17.4M | $-17.0M | $-16.1M | $-14.0M | $-11.6M | $-8.5M | $1.5M |
I think that, every time you see the word EBITDA, you should substitute the words 'bullshit earnings.'