v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 292,674 $ 286,358
Accounts receivable, net 2,080 3,285
Inventory 42,104 44,512
Prepaid expenses and other current assets 33,982 18,283
Total current assets 370,840 352,438
Property and equipment, net 201,808 187,448
Right-of-use lease assets 186,302 170,805
Other assets 13,365 10,228
Total assets 772,315 720,919
Current liabilities:    
Accounts payable 41,269 31,979
Accrued expenses 61,296 49,225
Deferred revenue 22,574 33,869
Current lease liabilities 35,541 31,399
Other current liabilities 2,800 3,658
Total current liabilities 163,480 150,130
Non-current lease liabilities 215,438 201,749
Other liabilities 1,412 1,310
Total liabilities 380,330 353,189
Commitments and contingencies (see Note 10)
Stockholders’ equity:    
Common stock, $0.0001 par value; Class A: 750,000 shares authorized at June 30, 2026 and December 31, 2025, 107,726 and 106,318 issued and outstanding at June 30, 2026 and December 31, 2025, respectively; Class B: 150,000 shares authorized at June 30, 2026 and December 31, 2025, 15,700 and 16,130 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively, convertible to Class A on a one-to-one basis 12 12
Additional paid-in capital 1,071,564 1,054,779
Accumulated deficit (677,759) (685,580)
Accumulated other comprehensive loss (1,832) (1,481)
Total stockholders’ equity 391,985 367,730
Total liabilities and stockholders’ equity $ 772,315 $ 720,919