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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 131,811 $ 144,173
Short-term investments 136,719 102,522
Accounts receivable 12,719 7,469
Inventory, net 119,294 119,040
Prepaid expenses and other current assets 16,697 12,455
Total current assets 417,240 385,659
Non-current assets    
Property and equipment, net 35,266 24,864
Operating lease right-of-use assets 55,003 43,059
Deferred tax assets 16,300 18,291
Other assets 2,214 1,336
Total non-current assets 108,783 87,550
Total assets 526,023 473,209
Current liabilities    
Accounts payable 19,910 14,749
Operating lease liabilities 11,749 8,230
Accrued expenses 21,610 7,906
Accrued compensation and benefits 4,104 7,312
Sales tax payable 3,217 3,149
Gift card liability 8,034 8,240
Deferred revenue 2,825 2,160
Returns reserve 3,514 2,989
Income tax payable 1,640 2,557
Total current liabilities 76,603 57,292
Non-current liabilities    
Operating lease liabilities, non-current 47,532 38,884
Other non-current liabilities 183 183
Total liabilities 124,318 96,359
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of June 30, 2024 and December 31, 2023; zero shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Additional paid-in capital 337,447 315,075
Accumulated other comprehensive income (loss) (47) 5
Retained earnings 64,289 61,754
Total stockholders’ equity 401,705 376,850
Total liabilities and stockholders’ equity 526,023 473,209
Class A Common Stock    
Stockholders’ equity    
Common stock 16 16
Class B Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 0