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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 126,601 $ 216,488
Restricted cash 1,499 1,399
Accounts receivable, net 446 3,324
Inventories 14,846 12,465
Deferred cost of revenue 5,742 4,792
Prepaid expenses and other current assets 39,650 16,841
Total current assets 188,784 255,309
Property and equipment, net 24,814 28,351
Operating lease right-of-use assets 45,104 48,894
Restricted cash, noncurrent 8,974 6,974
Internal-use software, net 20,479 20,516
Intangible assets, net 29,295 33,255
Other assets 1,486 1,868
Total assets 318,936 395,167
Current liabilities:    
Accounts payable (includes related party amounts of nil and $3,809, respectively) 6,486 11,571
Accrued expenses and other current liabilities (includes related party amounts of $1,930 and $6,752, respectively) 67,328 42,263
Deferred revenue (includes related party amounts of $21,659 and $10,999, respectively) 69,751 64,827
Operating lease liabilities 9,266 8,670
Total current liabilities 152,831 127,331
Deferred revenue, noncurrent (includes related party amounts of nil and $10,000, respectively) 0 10,000
Operating lease liabilities, noncurrent 62,422 67,845
Other liabilities 1,754 1,471
Total liabilities 217,007 206,647
Commitments and contingencies (Note 11)
Stockholders’ equity    
Preferred stock - par value $0.0001, 10,000,000 shares authorized as of September 30, 2024 and March 31, 2024; zero shares issued and outstanding as of September 30, 2024 and March 31, 2024 0 0
Common stock, par value $0.0001 - Class A shares, 1,140,000,000 shares authorized, 17,514,204 and 16,169,741 shares issued and outstanding as of September 30, 2024 and March 31, 2024, respectively; Class B shares, 350,000,000 shares authorized, 8,322,160 and 8,336,229 shares issued and outstanding as of September 30, 2024 and March 31, 2024, respectively [1] 3 2
Additional paid-in capital [1] 2,403,517 2,361,606
Accumulated deficit (2,301,591) (2,173,088)
Total stockholders’ equity 101,929 188,520
Total liabilities and stockholders’ equity $ 318,936 $ 395,167
[1] Amounts have been adjusted to reflect the reverse stock split that became effective on October 16, 2024. Refer to Note 2, Summary of Significant Accounting Policies and Note 19, “Subsequent Events,” for further information about the reverse stock split.