CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 50,849	$ 85,645
Short-term investments	187,991	159,469
Accounts receivable	9,125	8,625
Inventory, net	135,528	115,759
Prepaid expenses and other current assets	10,119	13,268
Total current assets	393,612	382,766
Non-current assets
Property and equipment, net	33,109	35,274
Operating lease right-of-use assets	49,297	50,497
Deferred tax assets	11,541	11,643
Investment in equity securities	27,735	27,534
Other assets	1,830	2,073
Total non-current assets	123,512	127,021
Total assets	517,124	509,787
Current liabilities
Accounts payable	19,023	9,401
Operating lease liabilities	9,548	10,596
Accrued expenses	22,236	42,316
Accrued compensation and benefits	7,379	5,689
Sales tax payable	3,502	3,705
Gift card liability	10,023	9,604
Deferred revenue	2,996	4,612
Returns reserve	3,002	3,873
Income tax payable	654	346
Total current liabilities	78,363	90,142
Non-current liabilities
Operating lease liabilities, non-current	42,147	42,430
Other non-current liabilities	83	83
Total liabilities	120,593	132,655
Commitments and contingencies (Note 10)
Stockholders’ equity
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of June 30, 2025 and December 31, 2024; zero shares issued and outstanding as of June 30, 2025 and December 31, 2024	0	0
Additional paid-in capital	324,975	312,622
Accumulated other comprehensive income	70	21
Retained earnings	71,471	64,474
Total stockholders’ equity	396,531	377,132
Total liabilities and stockholders’ equity	517,124	509,787
Class A Common Stock
Stockholders’ equity
Common stock	15	15
Class B Common Stock
Stockholders’ equity
Common stock	$ 0	$ 0