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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 85,645 $ 144,173
Short-term investments 159,469 102,522
Accounts receivable 8,625 7,469
Inventory, net 115,759 119,040
Prepaid expenses and other current assets 13,268 12,455
Total current assets 382,766 385,659
Non-current assets    
Property and equipment, net 35,274 24,864
Operating lease right-of-use assets 50,497 43,059
Deferred tax assets 11,643 18,291
Investment in equity securities 27,534 0
Other assets 2,073 1,336
Total non-current assets 127,021 87,550
Total assets 509,787 473,209
Current liabilities    
Accounts payable 9,401 14,749
Operating lease liabilities 10,596 8,230
Accrued expenses 42,316 7,906
Accrued compensation and benefits 5,689 7,312
Sales tax payable 3,705 3,149
Gift card liability 9,604 8,240
Deferred revenue 4,612 2,160
Returns reserve 3,873 2,989
Income tax payable 346 2,557
Total current liabilities 90,142 57,292
Non-current liabilities    
Operating lease liabilities, non-current 42,430 38,884
Other non-current liabilities 83 183
Total liabilities 132,655 96,359
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2024 and December 31, 2023; zero shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 312,622 315,075
Accumulated other comprehensive income 21 5
Retained earnings 64,474 61,754
Total stockholders’ equity 377,132 376,850
Total liabilities and stockholders’ equity 509,787 473,209
Class A Common Stock    
Stockholders’ equity    
Common stock 15 16
Class B Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 0