Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,273 $ 24,192
Accounts receivable, net 10,650 8,107
Inventory 86,177 95,750
Prepaid expenses and other current assets 12,371 16,720
Total current assets 129,471 144,769
Property and equipment, net 39,315 31,262
Operating lease right-of-use assets 88,624 65,382
Intangible assets, net 43,470 52,354
Goodwill 93,695 89,254
Deferred tax assets 8 47
Other assets 2,799 2,136
Total assets 397,382 385,204
Current liabilities:    
Accounts payable 31,248 30,299
Accrued liabilities 33,532 31,216
Sales returns reserve 7,889 7,587
Deferred revenue 12,707 12,215
Income taxes payable 243 1,039
Operating lease liabilities, current 13,052 8,382
Current portion of long-term debt 6,375 6,300
Total current liabilities 105,046 97,038
Long-term debt 104,695 105,411
Operating lease liabilities 87,668 63,496
Other long-term liabilities 2,202 1,625
Total liabilities 299,611 267,570
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of December 31, 2025 and 2024, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 10,770,721 and 10,669,649 shares issued and outstanding as of December 31, 2025 and 2024, respectively 128 128
Additional paid-in capital 476,124 471,758
Accumulated other comprehensive loss (53,644) (60,849)
Accumulated deficit (324,837) (293,403)
Total stockholders’ equity 97,771 117,634
Total liabilities and stockholders’ equity $ 397,382 $ 385,204