Grove Collaborative Holdings, Inc.
Income Statement
| Line Item | Jun 2023 | Mar 2023 | Sep 2022 | Jun 2022 | Mar 2022 | Sep 2021 | Jun 2021 | Mar 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.1M | $71.6M | $77.7M | $79.3M | $90.5M | $95.2M | $99.0M | — |
| Cost of Revenue | $31.8M | $34.3M | $39.6M | $40.3M | $47.7M | $47.2M | $50.0M | — |
| Gross Profit | $34.3M | $37.3M | $38.2M | $39.0M | $42.7M | $48.0M | $49.1M | — |
| Gross Margin | 51.9% | 52.1% | 49.1% | 49.1% | 47.2% | 50.4% | 49.6% | — |
| Operating Expenses | ||||||||
| Research & Development | $4.1M | $4.2M | $5.8M | $5.9M | $6.2M | $5.6M | $5.7M | — |
| SG&A Expense | $35.2M | $38.0M | $46.3M | $57.9M | $51.0M | $46.1M | $47.0M | — |
| Operating Income | $-9.6M | $-13.7M | $-22.6M | $-42.8M | $-47.3M | $-36.2M | $-26.1M | $-27.4K |
| Operating Margin | -14.5% | -19.1% | -29.0% | -53.9% | -52.2% | -38.0% | -26.4% | — |
| Interest Expense | $4.0M | $3.7M | $2.5M | $2.3M | $2.1M | $1.2M | $1.1M | — |
| Pretax Income | $-10.9M | $-13.1M | $7.7M | $-35.3M | $-47.4M | $-37.5M | $-28.5M | — |
| Income Tax Expense | $11.0K | $10.0K | $10.0K | $2.0K | $23.0K | $11.0K | $16.0K | — |
| Net Income | $-10.9M | $-13.1M | $7.7M | $-35.3M | $-47.4M | $-37.5M | $-28.5M | $-732.3K |
| Net Margin | -16.4% | -18.3% | 9.9% | -44.5% | -52.4% | -39.4% | -28.8% | — |
| EPS (Basic) | $-0.32 | $-0.39 | $0.02 | $-0.48 | $-0.46 | $-0.39 | $-0.31 | $-0.01 |
| EPS (Diluted) | $-0.32 | $-0.39 | $0.02 | $-0.48 | $-0.46 | $-0.39 | $-0.31 | $-0.01 |
| Shares Outstanding (Basic) | 34.3M | 33.7M | 341.0M | 73.4M | 103.3M | 97.2M | 92.9M | — |
| Shares Outstanding (Diluted) | 34.3M | 33.7M | 365.4M | 73.4M | 103.3M | 97.2M | 92.9M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.