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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 159,775 $ 195,374
Restricted cash 0 2,056
Accounts receivable 6,866 2,441
Inventory, net 177,976 86,068
Prepaid expenses and other current assets 11,883 7,400
Total current assets 356,500 293,339
Non-current assets    
Property and equipment, net 11,024 7,613
Operating lease right-of-use assets 15,312  
Deferred tax assets 10,971 10,239
Other assets 1,257 560
Total non-current assets 38,564 18,412
Total assets 395,064 311,751
Current liabilities    
Accounts payable 20,906 14,604
Operating lease liabilities 3,408  
Accrued expenses 26,164 24,677
Accrued compensation and benefits 3,415 6,464
Sales tax payable 3,374 3,728
Gift card liability 7,882 5,590
Deferred revenue 2,786 596
Returns reserve 3,458 2,761
Income tax payable 0 3,973
Total current liabilities 71,393 62,393
Non-current liabilities    
Operating lease liabilities, non-current 15,756  
Deferred rent and lease incentive 0 3,542
Other non-current liabilities 176 243
Total liabilities 87,325 66,178
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2022 and December 31, 2021; zero shares issued and outstanding as of December 31, 2022 and December 31, 2021 0 0
Additional paid-in capital 268,606 227,626
Retained earnings 39,117 17,931
Total stockholders’ equity 307,739 245,573
Total liabilities and stockholders’ equity 395,064 311,751
Class A Common Stock    
Stockholders’ equity    
Common stock 16 15
Class B Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 1