v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net loss $ (8,453) $ (3,267)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,615 1,488
Equity-based compensation 1,528 2,369
Non-cash operating lease cost 1,754 1,561
Amortization of debt issuance costs 0 70
Deferred tax benefit 0 (131)
Other 63 117
Changes in assets and liabilities:    
Inventories (1,237) (1,673)
Prepaid expenses and other current assets (2,028) 661
Other assets (330) (184)
Accounts payable, accrued expenses and other current liabilities (11,765) (10,649)
Deferred revenue 2,024 4,173
Operating lease liabilities (1,963) (1,662)
Net cash used in operating activities (18,792) (7,127)
Investing activities    
Purchases of property and equipment (555) (727)
Net cash used in investing activities (555) (727)
Financing activities    
Payments on SVB term loan 0 (1,220)
Repurchases of common stock 0 (163)
Distributions and TRA payments to members (1,400) (5,349)
Net cash used in financing activities (1,400) (6,732)
Net decrease in cash, cash equivalents and restricted cash (20,747) (14,586)
Cash, cash equivalents and restricted cash at beginning of period 79,438 162,141
Cash, cash equivalents and restricted cash at end of period 58,691 147,555
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 58,564 147,338
Restricted cash 127 217
Total cash, cash equivalents, and restricted cash 58,691 147,555
Non-cash investing and financing activities    
Right-of-use assets obtained in exchange for operating lease liabilities 2,418 3,700
Change in deferred tax assets associated with redemption of LLC Units 0 (1)
TRA Obligation associated with redemption of LLC Units 0 2
Purchases of property and equipment included in accounts payable and accrued liabilities $ 140 $ 428