Grove Collaborative, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Financing Receivable, Impaired [Line Items]

Summary of Estimated Useful Lives of the Company's Assets

The estimated useful lives of the Company’s assets are as follows:


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

Summary of Revenue by Product Type

The following table sets forth revenue by product type (in thousands):


	Three Months Ended March 31,
	2021		2022
Revenue, net:
Grove Brands	$	52,285	$	46,796
Third-party products		49,935		43,683

Total revenue, net	$	102,220	$	90,479

The following table sets forth revenue by product type (in thousands):


	Year Ended December 31,
	2019		2020		2021
Revenue, net:
Grove Brands	$	86,717	$	164,372	$	187,055
Third-party products		146,399		199,899		196,630

Total revenue, net	$	233,116	$	364,271	$	383,685

Virgin Group Acquisition Corp. II [Member]

Financing Receivable, Impaired [Line Items]

Reconciliation Of Net Income (Loss) Per Ordinary Share

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share for each class of ordinary share:


	For the three months ended March 31, 2022						For the period from January 13, 2021 (inception) through March 31, 2021
	Class A			Class B			Class A			Class B
Basic and diluted net loss per ordinary share:
Numerator:
Allocation of loss	$	(18,841,758	)	$	(4,710,439	)	$	(193,448	)	$	(538,891	)
Denominator:
Weighted-average shares outstanding including shares subject to redemption		40,250,000			10,062,500			3,141,026			8,750,000
Basic and diluted loss per ordinary share	$	(0.47	)	$	(0.47	)	$	(0.06	)	$	(0.06	)

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share for each class of ordinary share:


	For the period from January 13, 2021 (inception) to December 31, 2021
	Class A		Class B
Basic and diluted net income per share:
Numerator:
Allocation of net income	$	2,063,496	$	634,873
Denominator:
Weighted-average shares outstanding including shares subject to redemption		32,705,669		10,062,500
Basic and diluted net income per share	$	0.06	$	0.06