v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 265,074 $ 254,161
Accounts receivable, net 1,473 1,948
Inventory 48,606 52,345
Prepaid expenses and other current assets 15,444 17,592
Total current assets 330,597 326,046
Property and equipment, net 173,795 170,464
Right-of-use lease assets 170,190 171,284
Other assets 8,173 8,696
Total assets 682,755 676,490
Current liabilities:    
Accounts payable 26,546 23,519
Accrued expenses 51,796 51,609
Deferred revenue 22,513 32,358
Current lease liabilities 18,882 20,235
Other current liabilities 2,876 2,633
Total current liabilities 122,613 130,354
Non-current lease liabilities 204,778 205,120
Other liabilities 1,275 943
Total liabilities 328,666 336,417
Commitments and contingencies (see Note 10)
Stockholders’ equity:    
Common stock, $0.0001 par value; Class A: 750,000 shares authorized at March 31, 2025 and December 31, 2024, 104,503 and 102,889 issued and outstanding at March 31, 2025 and December 31, 2024, respectively; Class B: 150,000 shares authorized at March 31, 2025 and December 31, 2024, 16,904 and 17,961 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively, convertible to Class A on a one-to-one basis 12 12
Additional paid-in capital 1,039,755 1,029,220
Accumulated deficit (683,749) (687,221)
Accumulated other comprehensive loss (1,929) (1,938)
Total stockholders’ equity 354,089 340,073
Total liabilities and stockholders’ equity $ 682,755 $ 676,490