Balance Sheet Components

9 Months Ended

Sep. 30, 2025

Supplemental Balance Sheet Disclosures [Abstract]

Inventory

Inventory consisted of the following as of September 30, 2025 and December 31, 2024:


(in thousands)	September 30, 2025		December 31, 2024
Finished goods	$	45,698	$	47,739
Reserve to reduce inventories to net realizable value	(2,571)		(3,618)
Total inventory	$	43,127	$	44,121

Property and Equipment - Net

Property and equipment consisted of the following as of September 30, 2025 and December 31, 2024:


(in thousands)	September 30, 2025		December 31, 2024
Leasehold improvements	$	20,972	$	19,364
Furniture and fixtures	13,359		15,217
Internal-use software	27,023		25,082
Machinery and equipment	640		640
Computers and equipment	2,169		2,169
Total property and equipment - gross	64,163		62,472
Less: accumulated depreciation and amortization	(50,321)		(44,647)
Total property and equipment - net	$	13,842	$	17,825

Depreciation and amortization expense for the three and nine months ended September 30, 2025 was $1.9 million and $5.7 million, and was $2.9 million and $10.2 million for the three and nine months ended September 30, 2024, respectively, recognized as selling, general, and administrative expense in the condensed consolidated statements of operations and comprehensive loss.

Impairment expense related to property and equipment for the three and nine months ended September 30, 2025 was $0.5 million and $0.5 million, respectively, and is recognized as impairment expense in the consolidated statement of operations and comprehensive loss.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of September 30, 2025 and December 31, 2024:


(in thousands)	September 30, 2025		December 31, 2024
Prepaid expenses	$	2,527	$	4,910
Inventory returns receivable	251		798
Security deposits	189		150
Taxes receivable	4,975		5,461
Other receivables	—		1,366
Restricted cash	860		851
Deferred offering costs	224		—
Total prepaid expenses and other current assets	$	9,026	$	13,536

Other Assets

Other assets consisted of the following as of September 30, 2025 and December 31, 2024:


(in thousands)	September 30, 2025		December 31, 2024
Investment in equity securities	$	—	$	200
Security deposits	1,140		1,609
Intangible assets	77		42
Debt issuance costs	2,648		—
Deferred tax assets	563		563
Total other assets	$	4,428	$	2,414

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of September 30, 2025 and December 31, 2024:


(in thousands)	September 30, 2025		December 31, 2024
Sales-refund reserve	$	949	$	2,259
Taxes payable	860		1,092
Employee-related liabilities	3,202		3,857
Accrued expenses	6,469		11,613
Total accrued expenses and other current liabilities	$	11,480	$	18,821