Grove Collaborative Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-11.7M | $-27.4M | $-43.2M | $-87.7M | $-135.9M | $-72.3M |
| Depreciation & Amortization | $1.7M | $9.8M | $5.8M | $5.7M | $5.0M | $4.1M |
| Depreciation | $1.2M | $2.8M | $1.7M | $2.0M | $2.2M | $2.1M |
| Amortization | — | — | — | — | — | — |
| Stock-Based Compensation | $4.3M | $12.0M | $15.5M | $45.7M | $14.6M | $7.8M |
| Net Cash from Operating Activities | $-7.0M | $-9.7M | $-8.0M | $-96.3M | $-127.1M | $-83.7M |
| Investing Activities | ||||||
| Capital Expenditures | $1.2M | $1.8M | $3.0M | $4.2M | $5.8M | $4.8M |
| Business Acquisitions | $2.8M | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-4.0M | $-1.6M | $-3.0M | $-4.2M | $-5.8M | $-4.8M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | $32.0K | $297.0K | $0 |
| Net Cash from Financing Activities | $-1.6M | $-59.2M | $9.9M | $118.1M | $34.7M | $228.2M |
| Net Change in Cash | $-12.5M | $-70.6M | $-1.1M | $17.6M | $507.2K | $139.7M |
| Free Cash Flow | $-8.1M | $-11.5M | $-11.0M | $-100.5M | $-132.9M | $-88.5M |
Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.