v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss $ (7,611) $ (4,380)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 3,269 3,032
Impairment of cloud computing implementation costs 1,793 0
Equity-based compensation 2,806 4,697
Non-cash operating lease cost 3,516 3,174
Amortization of debt issuance costs 0 149
Deferred tax benefit 0 12
Other 218 149
Changes in assets and liabilities:    
Inventories (284) (9,205)
Prepaid expenses and other current assets 1,400 1,169
Other assets (604) (642)
Accounts payable, accrued expenses and other current liabilities (6,221) 2,079
Deferred revenue 4,247 5,197
Operating lease liabilities (3,888) (3,488)
Net cash provided by (used in) operating activities (1,359) 1,943
Investing activities    
Purchases of property and equipment (1,449) (1,882)
Net cash used in investing activities (1,449) (1,882)
Financing activities    
Payments on SVB term loan 0 (21,220)
Repurchases of common stock 0 (360)
Payment of debt issuance costs 0 (131)
Distributions and TRA payments to members (1,555) (6,657)
Net cash used in financing activities (1,555) (28,368)
Net decrease in cash, cash equivalents and restricted cash (4,363) (28,307)
Cash, cash equivalents and restricted cash at beginning of period 79,438 162,141
Cash, cash equivalents and restricted cash at end of period 75,075 133,834
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 74,948 133,615
Restricted cash 127 219
Total cash, cash equivalents, and restricted cash 75,075 133,834
Non-cash investing and financing activities    
Right-of-use assets obtained in exchange for operating lease liabilities 7,750 3,694
Change in deferred tax assets associated with redemption of LLC Units 0 (1)
TRA Obligation associated with redemption of LLC Units 0 2
Purchases of property and equipment included in accounts payable and accrued liabilities $ 312 $ 56