Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Accounting Policies [Abstract] |
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| Schedule of Reconciliation of Restrictions on Cash and Cash Equivalents |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):
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Year Ended December 31, |
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2024 |
|
2023 |
| Cash and cash equivalents |
$ |
19,627 |
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|
$ |
86,411 |
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| Restricted cash, current |
3,675 |
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|
5,650 |
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| Restricted cash, long-term |
1,002 |
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|
2,802 |
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| Total cash, cash equivalents and restricted cash |
$ |
24,304 |
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|
$ |
94,863 |
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| Schedule of Cash and Cash Equivalents |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):
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Year Ended December 31, |
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2024 |
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2023 |
| Cash and cash equivalents |
$ |
19,627 |
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|
$ |
86,411 |
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| Restricted cash, current |
3,675 |
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|
5,650 |
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| Restricted cash, long-term |
1,002 |
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|
2,802 |
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| Total cash, cash equivalents and restricted cash |
$ |
24,304 |
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|
$ |
94,863 |
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| Schedule of Property Plant and Equipment Useful Life |
The estimated useful lives of the Company’s assets are as follows:
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| Computer equipment |
3 - 5 years |
| Furniture and fixtures |
5 years |
| Machinery and warehouse equipment |
7 - 10 years |
| Leasehold improvements |
Shorter of 10 years or lease term |
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| Schedule of Disaggregation of Revenue |
The following table sets forth revenue by product type (in thousands):
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Year Ended December 31, |
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2024 |
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2023 |
| Revenue, net: |
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| Grove Brands |
$ |
82,942 |
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$ |
119,006 |
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| Third-party products |
120,483 |
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|
140,272 |
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| Total revenue, net |
$ |
203,425 |
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|
$ |
259,278 |
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| Schedule of Fulfillment Costs |
The Company’s fulfillment costs consist of the following (in thousands):
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Year Ended December 31, |
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2024 |
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2023 |
| Shipping and Handling |
$ |
27,006 |
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$ |
35,609 |
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Fulfillment Labor |
10,630 |
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|
13,454 |
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| Payment Processing and other |
7,559 |
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|
9,714 |
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Total fulfillment costs |
$ |
45,195 |
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$ |
58,777 |
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