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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 144,173 $ 159,775
Short-term investments 102,522 0
Accounts receivable 7,469 6,866
Inventory, net 119,040 177,976
Prepaid expenses and other current assets 12,455 11,883
Total current assets 385,659 356,500
Non-current assets    
Property and equipment, net 24,864 11,024
Operating lease right-of-use assets 43,059 15,312
Deferred tax assets 18,291 10,971
Other assets 1,336 1,257
Total non-current assets 87,550 38,564
Total assets 473,209 395,064
Current liabilities    
Accounts payable 14,749 20,906
Operating lease liabilities 8,230 3,408
Accrued expenses 7,906 26,164
Accrued compensation and benefits 7,312 3,415
Sales tax payable 3,149 3,374
Gift card liability 8,240 7,882
Deferred revenue 2,160 2,786
Returns reserve 2,989 3,458
Income tax payable 2,557 0
Total current liabilities 57,292 71,393
Non-current liabilities    
Operating lease liabilities, non-current 38,884 15,756
Other non-current liabilities 183 176
Total liabilities 96,359 87,325
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2023 and December 31, 2022; zero shares issued and outstanding as of December 31, 2023 and December 31, 2022 0 0
Additional paid-in capital 315,075 268,606
Accumulated other comprehensive income 5 0
Retained earnings 61,754 39,117
Total stockholders’ equity 376,850 307,739
Total liabilities and stockholders’ equity 473,209 395,064
Class A Common Stock    
Stockholders’ equity    
Common stock 16 16
Class B Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 0