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Balance Sheet Components
3 Months Ended
Mar. 31, 2026
Supplemental Balance Sheet Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
Inventory
Inventory consisted of the following as of March 31, 2026 and December 31, 2025:
(in thousands)
March 31,
2026
December 31,
2025
Inventory
$
39,171 
$
40,525 
Reserve to reduce inventories to net realizable value
(1,972)
(1,650)
Total inventory
$
37,199 
$
38,875 
Property and Equipment - Net
Property and equipment consisted of the following as of March 31, 2026 and December 31, 2025:
(in thousands)March 31,
2026
December 31,
2025
Leasehold improvements$2,215 $17,604 
Furniture and fixtures1,415 10,695 
Internal-use software27,793 27,667 
Machinery and equipment640 640 
Computers and equipment1,505 2,144 
Total property and equipment - gross33,568 58,750 
Less: accumulated depreciation and amortization(24,616)(48,237)
Total property and equipment - net$8,952 $10,513 
Depreciation and amortization expense for the three months ended March 31, 2026 and 2025 was $1.4 million and $1.9 million, 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 months ended March 31, 2026 and 2025 was $0.4 million and $0.0 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 March 31, 2026 and December 31, 2025:
(in thousands)March 31,
2026
December 31,
2025
Prepaid expenses$2,643 $3,403 
Inventory returns receivable240 501 
Security deposits794 185 
Taxes receivable3,890 4,537 
Restricted cash1,208 862 
Deferred offering costs— 224 
Total prepaid expenses and other current assets$8,775 $9,712 
Other Assets
Other assets consisted of the following as of March 31, 2026 and December 31, 2025:
(in thousands)
March 31,
2026
December 31,
2025
Security deposits$— $748 
Intangible assets75 75 
Debt issuance costs2,165 2,407 
Deferred tax assets501 509 
Total other assets$2,741 $3,739 
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following as of March 31, 2026 and December 31, 2025:
(in thousands)
March 31,
2026
December 31,
2025
Sales-refund reserve$941 $1,494 
Taxes payable1,507 1,052 
Employee-related liabilities1,053 1,349 
Accrued expenses6,886 10,506 
Total accrued expenses and other current liabilities$10,387 $14,401