CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 81,985	$ 85,645
Short-term investments	218,863	159,469
Accounts receivable	6,271	8,625
Inventory, net	127,966	115,759
Prepaid expenses and other current assets	12,200	13,268
Total current assets	447,285	382,766
Non-current assets
Property and equipment, net	33,938	35,274
Operating lease right-of-use assets	57,134	50,497
Deferred tax assets	12,187	11,643
Investment in equity securities	27,735	27,534
Other assets	1,717	2,073
Total non-current assets	132,711	127,021
Total assets	579,996	509,787
Current liabilities
Accounts payable	18,187	9,401
Operating lease liabilities	8,175	10,596
Accrued expenses	20,529	42,316
Accrued compensation and benefits	17,194	5,689
Sales tax payable	4,266	3,705
Gift card liability	12,117	9,604
Deferred revenue	3,990	4,612
Returns reserve	4,171	3,873
Income tax payable	1,894	346
Total current liabilities	90,523	90,142
Non-current liabilities
Operating lease liabilities, non-current	51,829	42,430
Other non-current liabilities	182	83
Total liabilities	142,534	132,655
Commitments and contingencies (Note 10)
Stockholders’ equity
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2025 and December 31, 2024; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024	0	0
Additional paid-in capital	338,526	312,622
Accumulated other comprehensive income	196	21
Retained earnings	98,724	64,474
Total stockholders’ equity	437,462	377,132
Total liabilities and stockholders’ equity	579,996	509,787
Class A Common Stock
Stockholders’ equity
Common stock	16	15
Class B Common Stock
Stockholders’ equity
Common stock	$ 0	$ 0