v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (149,423) $ (28,235)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,842 7,178
Amortization of intangible assets 6,141 1,683
Reduction in the carrying value of right-of-use assets 4,974 4,077
Non-cash interest expense 181 139
Deferred tax expense (benefit) 29,962 (2,292)
Provision recorded for credit losses (2,975) 3,116
Loss on disposal of property and equipment 395 44
Adjustment for excess and obsolete inventories 8,259 6,093
Stock-based compensation 6,688 5,909
Fair value adjustment to assets held for sale (1,188) 8,313
Changes in operating assets and liabilities:    
Accounts receivable 119,489 (13,637)
Inventories (11,812) (15,892)
Prepaid expenses and other current assets and other assets 4,810 (12,942)
Operating leases (3,780) (4,147)
Accounts payable (1,398) 1,637
Accrued expenses and other current liabilities (29,281) (13,886)
Other liabilities 590 34
Net cash used in operating activities (10,526) (52,808)
Cash flows from investing activities:    
Purchases of property and equipment (4,246) (7,264)
Net cash used in investing activities (4,246) (7,264)
Cash flows from financing activities:    
Payments of withholding taxes in connection with RSUs vesting (3,051) (1,796)
Proceeds from the exercise of stock options   25
Principal repayments of finance lease obligations (10,188) (573)
Construction of landlord assets, net of tenant allowance (19,476)  
Net cash used in financing activities (32,715) (2,344)
Change in cash, cash equivalents and restricted cash (47,487) (62,416)
Cash, cash equivalents, and restricted cash, beginning of period 94,331 136,151
Cash, cash equivalents, and restricted cash, end of period 46,844 73,735
Supplemental disclosure of non-cash investing and financing activities:    
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock 6,075 5,558
Change in purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities (379) (38)
Landlord asset additions included in accounts payable and accrued expenses and other current liabilities, net of tenant allowances 3,704  
Right-of-use assets obtained through finance lease obligations $ (357)  
Right-of-use assets obtained through operating lease obligations   $ 1,815