v3.26.1
Condensed consolidated financial statement details
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidated financial statement details
The following section provides details of selected balance sheet items.
Inventory
(in thousands)
March 31, 2026December 31, 2025
Components
$2,621 $2,554 
Finished goods
69,584 75,877 
Total inventory$72,205 $78,431 
Property and equipment, net
(in thousands)
March 31, 2026December 31, 2025
Leasehold improvements$24,015 $24,014 
Production, engineering, and other equipment37,857 37,265 
Tooling7,049 7,208 
Computers and software7,730 8,064 
Furniture and office equipment3,524 3,524 
Tradeshow equipment and other1,424 1,424 
Construction in progress2,318 132 
Gross property and equipment83,917 81,631 
Less: Accumulated depreciation and amortization(76,145)(75,728)
Property and equipment, net$7,772 $5,903 
Depreciation expense was $1.3 million and $1.2 million for the three months ended March 31, 2026 and 2025, respectively.
Other long-term assets
(in thousands)
March 31, 2026December 31, 2025
Point of purchase (POP) displays$8,349 $9,986 
Deposits and other10,000 9,977 
Intangible assets, net3,609 4,078 
Long-term deferred tax assets— 581 
Other long-term assets$21,958 $24,622 
Amortization expense for POP displays was $1.8 million and $1.7 million for the three months ended March 31, 2026 and 2025, respectively. Expenditures for POP displays were $0.1 million and $0.9 million for the three months ended March 31, 2026 and 2025, respectively.
Intangible assets
Useful life
(in months)		March 31, 2026
(in thousands)Gross carrying valueAccumulated amortizationNet carrying value
Purchased technology 20-72$58,566 $(54,972)$3,594 
Domain name15 —15 
Total intangible assets$58,581$(54,972)$3,609

Useful life
(in months)		December 31, 2025
(in thousands)Gross carrying valueAccumulated amortizationNet carrying value
Purchased technology 20-72$58,566 $(54,503)$4,063 
Domain name15 —15 
Total intangible assets$58,581$(54,503)$4,078
Amortization expense was $0.5 million and $0.5 million for the three months ended March 31, 2026 and 2025, respectively.
As of March 31, 2026, expected amortization expense of intangible assets with definite lives for future periods was as follows:
(in thousands)
Total
Year ending December 31,
2026 (remaining 9 months)$1,406 
20271,875 
2028313 
2029— 
2030— 
$3,594 
Goodwill
Changes to the carrying amount of goodwill during the three months ended March 31, 2026 were as follows:
(in thousands)Carrying Amount
Carrying amount as of December 31, 2025$133,751 
Goodwill impairment— 
Carrying amount as of March 31, 2026$133,751 
Accrued expenses and other current liabilities
(in thousands)
March 31, 2026December 31, 2025
Derivative Liabilities$45,244 $— 
Purchase order commitments25,819 1,343 
Accrued sales incentives19,050 38,259 
Accrued liabilities18,237 30,274 
Employee related liabilities7,267 8,255 
Warranty liabilities3,827 4,315 
Inventory received3,037 3,423 
Customer deposits2,640 1,216 
Return liability1,927 3,293 
Other3,098 5,478 
Accrued expenses and other current liabilities$130,146 $95,856 
Product warranty
Three months ended March 31,
(in thousands)
20262025
Beginning balance$4,593 $6,207 
Charged to cost of revenue2,540 2,615 
Settlement of warranty claims(3,146)(2,907)
Warranty liability$3,987 $5,915 
As of March 31, 2026 and December 31, 2025, $3.8 million and $4.3 million, respectively, of the warranty liability was recorded as a component of accrued expenses and other current liabilities, and $0.2 million and $0.3 million, respectively, was recorded as a component of other long-term liabilities.
Intangible Assets Disclosure
Intangible assets
Useful life
(in months)		March 31, 2026
(in thousands)Gross carrying valueAccumulated amortizationNet carrying value
Purchased technology 20-72$58,566 $(54,972)$3,594 
Domain name15 —15 
Total intangible assets$58,581$(54,972)$3,609

Useful life
(in months)		December 31, 2025
(in thousands)Gross carrying valueAccumulated amortizationNet carrying value
Purchased technology 20-72$58,566 $(54,503)$4,063 
Domain name15 —15 
Total intangible assets$58,581$(54,503)$4,078
Amortization expense was $0.5 million and $0.5 million for the three months ended March 31, 2026 and 2025, respectively.
As of March 31, 2026, expected amortization expense of intangible assets with definite lives for future periods was as follows:
(in thousands)
Total
Year ending December 31,
2026 (remaining 9 months)$1,406 
20271,875 
2028313 
2029— 
2030— 
$3,594