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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 79,350 $ 216,488
Restricted cash 1,664 1,399
Accounts receivable, net 10,073 3,324
Inventories 21,407 12,465
Deferred cost of revenue 9,920 4,792
Prepaid expenses and other current assets 38,106 15,441
Current assets of discontinued operations 1,057 1,400
Total current assets 161,577 255,309
Property and equipment, net 19,226 22,499
Operating lease right-of-use assets 35,013 38,129
Restricted cash, noncurrent 12,274 6,974
Internal-use software, net 20,724 20,516
Intangible assets, net 27,315 33,255
Other assets 812 650
Noncurrent assets of discontinued operations 481 17,835
Total assets 277,422 395,167
Current liabilities:    
Accounts payable 7,781 5,368
Accrued expenses and other current liabilities 66,926 30,832
Deferred revenue (includes related party amounts of $1,964 and $10,999, respectively) 62,919 64,827
Operating lease liabilities 5,891 4,932
Current liabilities of discontinued operations (includes related party amounts of $2,190 and $10,561, respectively) 9,823 21,372
Total current liabilities 153,340 127,331
Deferred revenue, noncurrent (includes related party amounts of nil and $10,000, respectively) 0 10,000
Operating lease liabilities, noncurrent 54,653 59,835
Other liabilities 1,784 1,471
Noncurrent liabilities of discontinued operations 4,925 8,010
Total liabilities 214,702 206,647
Commitments and contingencies (Note 11)
Stockholders’ equity    
Preferred stock - par value $0.0001, 10,000,000 shares authorized as of December 31, 2024 and March 31, 2024; zero shares issued and outstanding as of December 31, 2024 and March 31, 2024 0 0
Common stock, par value $0.0001 - Class A shares, 1,140,000,000 shares authorized, 19,640,404 and 16,169,741 shares issued and outstanding as of December 31, 2024 and March 31, 2024, respectively; Class B shares, 350,000,000 shares authorized, 7,105,086 and 8,336,229 shares issued and outstanding as of December 31, 2024 and March 31, 2024, respectively (1) [1] 3 2
Additional paid-in capital [1] 2,417,343 2,361,606
Accumulated deficit (2,354,626) (2,173,088)
Total stockholders’ equity 62,720 188,520
Total liabilities and stockholders’ equity $ 277,422 $ 395,167
[1] Amounts have been adjusted to reflect the reverse stock split that became effective on October 16, 2024. Refer to Note 12, “Stockholders' Equity,” for further information about the reverse stock split.