v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 107,798 $ 96,255
Restricted cash 850 3,487
Accounts receivable, net 62,449 64,363
Inventories, net 166,262 98,537
Income taxes receivable 2 2,452
Prepaid expenses 18,337 14,222
Other current assets 4,910 4,329
Total current assets 360,608 283,645
Property and equipment, net 45,008 51,175
Deferred tax assets, net 442 914
Operating lease right-of-use assets 51,963 60,636
Other noncurrent assets 10,886 10,951
Total assets 468,907 407,321
Current liabilities:    
Accounts payable 160,252 148,279
Accrued liabilities 49,320 48,629
Deferred revenue 27,146 26,988
Line of credit 6,276 7,069
Lease liabilities – current 13,518 12,608
Total current liabilities 256,512 243,573
Income taxes payable 2,533 1,871
Lease liabilities – noncurrent 43,456 53,318
Other liabilities 5,698 2,467
Total liabilities 308,199 301,229
Commitments and contingencies (Note 14)
Stockholders’ Equity    
Common Stock, $0.43696 par value; unlimited shares authorized; 20,973 and 19,478 shares issued and outstanding as of December 31, 2025 and 2024, respectively 9,165 8,512
Additional paid-in capital 346,739 289,096
Notes receivable – related party (15,189) (15,189)
Accumulated other comprehensive loss (1,099) (2,300)
Accumulated deficit (178,908) (174,027)
Total stockholders’ equity 160,708 106,092
Total liabilities and stockholders’ equity $ 468,907 $ 407,321