v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 19,282 $ 94,022
Accounts receivable—net 12,318 9,453
Prepaid expenses and other current assets 14,599 10,036
Inventory 75,545 88,126
Total current assets 121,744 201,637
PROPERTY AND EQUIPMENT—NET 17,183 21,475
INTANGIBLE ASSETS—NET 1,569 5,426
OPERATING LEASE RIGHT-OF-USE ASSETS 24,799 28,277
OTHER NONCURRENT ASSETS 4,695 3,820
TOTAL ASSETS 169,990 260,635
CURRENT LIABILITIES:    
Accounts payable 17,130 20,364
Operating lease liabilities, current 5,211 5,798
Accrued and other current liabilities 20,834 34,054
Deferred revenue 22,223 21,251
Current portion of long-term debt 0 42,573
Total current liabilities 65,398 124,040
LONG-TERM DEBT 0 0
OPERATING LEASE LIABILITIES 32,466 36,802
OTHER LONG-TERM LIABILITIES 108 267
Total liabilities 97,972 161,109
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS’ EQUITY (1):    
Common stock, par value $0.0001 per share—500,000,000 shares authorized; 8,683,336 shares issued and outstanding as of March 31, 2026 and 500,000,000 shares authorized; 8,486,645 shares issued and outstanding as of March 31, 2025. 1 1
Treasury stock, at cost, 865,161 and 799,630 shares, respectively (26,500) (24,730)
Additional paid-in capital 517,372 504,022
Accumulated deficit (418,855) (379,767)
Total stockholders’ equity 72,018 99,526
TOTAL LIABILITIES, AND STOCKHOLDERS’ EQUITY $ 169,990 $ 260,635