GROV: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, GROV has $51,065K in assets. $43,691K in debts. $7,160K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
128.05%
Quick Ratio
46.05%
Cash Ratio
27.33%
Debt to Asset Ratio
85.56%
Unit: Thousand (K) dollars
Assets Breakdown
Inventory
Operating lease right-of-use ass...
Cash and cash equivalents
Others
Liabilities Breakdown
Accumulated deficit
Additional paid-in capital
Redeemable convertible preferred...
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	7,160	8,490	8,907	10,049
Restricted cash, current	2,265	2,300	2,400	2,900
Inventory	21,479	18,421	19,984	20,734
Prepaid expenses and other current assets	2,638	5,492	3,224	3,113
Total current assets	33,542	34,703	34,515	36,796
Restricted cash, noncurrent	1,002	1,002	1,002	1,002
Property and equipment, net	3,524	3,653	3,779	3,935
Intangible assets, net	2,198	2,302	2,408	2,522
Operating lease right-of-use assets	9,084	9,535	10,956	11,500
Other long-term assets	1,715	1,899	1,987	2,071
Total assets	51,065	53,094	54,647	57,826

Accounts payable	8,685	8,828	8,768	6,292
Accrued expenses	8,000	9,476	8,811	11,444
Deferred revenue	5,857	5,033	5,133	5,991
Debt, current	0	800	900	700
Operating lease liabilities, current	3,049	2,895	2,748	2,607
Other current liabilities	603	665	1,138	597
Total current liabilities	26,194	27,697	27,498	27,631
Debt, noncurrent	7,500	6,700	6,600	6,800
Operating lease liabilities, noncurrent	9,225	10,053	10,840	11,571
Derivative liabilities	772	871	1,085	1,060
Total liabilities	43,691	45,321	46,023	47,062
Redeemable convertible preferred stock, 0.0001 par value 100,000,000 shares authorized as of march31, 2026 and december31, 2025 25,000 shares issued and outstanding as of march31, 2026 and december31, 2025	24,772	24,772	24,772	24,772
Common stock, 0.0001 par value 600,000,000 class a shares authorized as of march31, 2026 and december31, 2025 42,028,075 and 41,796,921 class a shares issued and outstanding as of march31, 2026 and december31, 2025, respectively	4	4	4	4
Additional paid-in capital	643,836	643,226	642,494	641,674
Accumulated deficit	-661,238	-660,229	-658,646	-655,686
Total stockholders deficit	-17,398	-16,999	-16,148	-14,008
Total liabilities, redeemable convertible preferred stock and stockholders deficit	51,065	53,094	54,647	57,826

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets