Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 15,554 $ 20,273
Accounts receivable, net 9,369 10,650
Inventory 95,421 86,177
Prepaid expenses and other current assets 14,667 12,371
Total current assets 135,011 129,471
Property and equipment, net 43,724 39,315
Operating lease right-of-use assets 111,921 88,624
Intangible assets, net 36,760 43,470
Goodwill 96,469 93,695
Deferred tax assets 8 8
Other assets 3,048 2,799
Total assets 426,941 397,382
Current liabilities:    
Accounts payable 50,867 31,248
Accrued liabilities 32,975 33,532
Sales returns reserve 7,575 7,889
Deferred revenue 13,478 12,707
Income taxes payable 301 243
Operating lease liabilities, current 15,370 13,052
Current portion of long-term debt 6,375 6,375
Total current liabilities 126,941 105,046
Long-term debt 95,487 104,695
Operating lease liabilities 112,287 87,668
Other long-term liabilities 2,032 2,202
Total liabilities 336,747 299,611
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of each of September 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 11,028,382 and 10,770,721 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 128 128
Additional paid-in capital 478,887 476,124
Accumulated other comprehensive loss (48,962) (53,644)
Accumulated deficit (339,859) (324,837)
Total stockholders’ equity 90,194 97,771
Total liabilities and stockholders’ equity $ 426,941 $ 397,382