Grove Results Presentation Deck

Non-GAAP Financial Measures Grove Collaborative uses the non-GAAP financial measures set forth below in assessing its operating performance and in its financial communications. Management believes these non-GAAP financial measures provide useful additional information to investors about current trends in the Company's operations and are useful for period-over-period comparisons of operations. In addition, management uses these non-GAAP financial measures to assess operating performance and for business planning purposes. Management also believes these measures are widely used by investors, securities analysts, rating agencies and other parties in evaluating companies in our industry as a measure of our operational performance. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies. Adjusted EBITDA and Adjusted EBITDA as a % of net revenues We calculate adjusted EBITDA as net loss, adjusted to exclude: (1) stock-based compensation expense; (2) depreciation and amortization; (3) remeasurement of convertible preferred stock warrant liability; (4) changes in fair values of Additional Shares, Earn-out Shares and Public and Private Placement Warrant liabilities; (5) transaction costs allocated to derivative liabilities upon Business Combination; (6) interest expense; (7) provision for income taxes; (8) restructuring expenses and (9) loss on extinguishment on debt. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue. $K Net Income (Loss) Stock-based compensation Depreciation and amortization Remeasurement of convertible preferred stock warrant liability Change in fair value of Additional Shares liability Change in fair value of Earn-Out Liability Change in fair value of Public and Private Placement Warrant liabilities Deferred offering costs allocated to derivative liabilities upon Business Combination Interest expense Restructuring expenses Loss on extinguishment of debt Provision for income taxes Adjusted EBITDA FY 2019 $ (161,470) 11,960 2,361 430 T T 2,052 12 $ (144,655) FY 2020 $(72,260) 7,762 4,115 964 T 5,607 41 $ (53,771) FY 2021 $ (135,895) 14,610 4,992 1,234 T 5,202 1,027 52 $ (108,778) Q3 2021 $(37,498) 3.589 1,296 218 T T 1,213 11 000 $ (31,171) Q3 2022 $7,662 9,814 1,427 (1,045) (28,791) (2,803) 200 2,546 1,356 10 $ (9,624) 19

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