CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 46,454	$ 85,645
Short-term investments	195,072	159,469
Accounts receivable	12,218	8,625
Inventory, net	151,233	115,759
Prepaid expenses and other current assets	13,041	13,268
Total current assets	418,018	382,766
Non-current assets
Property and equipment, net	33,565	35,274
Operating lease right-of-use assets	50,689	50,497
Deferred tax assets	13,098	11,643
Investment in equity securities	27,735	27,534
Other assets	1,633	2,073
Total non-current assets	126,720	127,021
Total assets	544,738	509,787
Current liabilities
Accounts payable	5,345	9,401
Operating lease liabilities	9,448	10,596
Accrued expenses	34,189	42,316
Accrued compensation and benefits	12,404	5,689
Sales tax payable	3,730	3,705
Gift card liability	10,018	9,604
Deferred revenue	8,308	4,612
Returns reserve	3,217	3,873
Income tax payable	0	346
Total current liabilities	86,659	90,142
Non-current liabilities
Operating lease liabilities, non-current	44,667	42,430
Other non-current liabilities	83	83
Total liabilities	131,409	132,655
Commitments and contingencies (Note 10)
Stockholders’ equity
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of September 30, 2025 and December 31, 2024; zero shares issued and outstanding as of September 30, 2025 and December 31, 2024	0	0
Additional paid-in capital	332,935	312,622
Accumulated other comprehensive income	162	21
Retained earnings	80,217	64,474
Total stockholders’ equity	413,329	377,132
Total liabilities and stockholders’ equity	544,738	509,787
Class A Common Stock
Stockholders’ equity
Common stock	15	15
Class B Common Stock
Stockholders’ equity
Common stock	$ 0	$ 0