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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 6,997 $ 2,535
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 4,152 1,963
Deferred income taxes 102 1,991
Non-cash operating lease cost 4,805 3,977
Stock-based compensation 14,856 22,108
Accretion of discount and accrued interest on available-for-sale securities (2,089) (2,954)
Changes in operating assets and liabilities:    
Accounts receivable (386) (5,250)
Inventory (19,769) (254)
Prepaid expenses and other current assets 3,149 (5,973)
Other assets 243 (878)
Accounts payable 9,536 4,679
Accrued expenses (19,582) 11,310
Accrued compensation and benefits 1,690 (3,208)
Sales tax payable (203) 68
Gift card liability 419 (206)
Deferred revenue (1,616) 665
Returns reserve (871) 525
Income tax payable 308 (917)
Operating lease liabilities (4,936) (2,023)
Net cash (used in) provided by operating activities (3,195) 28,158
Cash flows from investing activities:    
Purchases of property and equipment (2,399) (9,489)
Purchases of available-for-sale securities (136,598) (137,850)
Maturities of available-for-sale securities 110,100 106,555
Other investing activities (201) 0
Net cash used in investing activities (29,098) (40,784)
Cash flows from financing activities:    
Repurchases of Class A Common Stock (2,688) 0
Proceeds from stock option exercises and employee stock purchases 185 264
Net cash (used in) provided by financing activities (2,503) 264
Net change in cash and cash equivalents (34,796) (12,362)
Cash and cash equivalents beginning of period 85,645 144,173
Cash and cash equivalents end of period 50,849 131,811
Supplemental disclosures:    
Property and equipment included in accounts payable and accrued expenses $ 124 $ 3,329