10-K Accrued expenses

3 Months Ended

Mar. 31, 2026

Payables and Accruals [Abstract]

Accrued expenses

Accrued expenses

Accrued expenses consist of the following as of December 31, 2025 and 2024:


						As of December 31,
						2025						2024
Accrued payroll expenses						$	41,861					$	30,161
Accrued inventory expenses						12,196						10,830
Professional services and legal matters(1)						12,078						8,655
Sales taxes payable						7,754						7,170
Excise taxes payable						4,347						4,719
Accrued occupancy and technology expenses						5,422						4,940
Accrued loyalty payable						4,986						5,821
Accrued marketing expenses						2,788						2,560
Interest payable						1,704						10,791
Property and other taxes payable						1,480						2,816
Deferred revenue						634						2,367
Other accrued expenses						15,243						11,358
Total accrued expenses						$	110,493					$	102,188

(1) Includes amounts recognized for legal contingencies. See Note 26 — Commitments and contingencies for further details.