v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 119,132 $ 151,231
Accounts receivable, net 20,073 23,822
Inventory, net 35,431 30,843
Prepaid expenses and other current assets 18,682 21,595
Total current assets 193,318 227,491
Property and equipment, net 100,558 96,148
Operating lease right-of-use assets 63,240 64,641
Restricted cash 14,777 14,808
Other assets 6,394 5,945
Total assets 378,287 409,033
Current liabilities    
Accounts payable 15,049 14,565
Accrued consignor payable 95,062 111,497
Operating lease liabilities, current portion 23,095 24,645
Other accrued and current liabilities 100,274 113,533
Total current liabilities 233,480 264,240
Operating lease liabilities, net of current portion 64,404 66,793
Convertible Senior Notes, net 231,516 230,833
Non-convertible notes, net 144,293 140,980
Warrant liability 74,688 114,353
Other noncurrent liabilities 7,636 7,352
Total liabilities 756,017 824,551
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Common stock, $0.00001 par value; 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 121,666,258 and 118,318,917 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 906,192 880,107
Accumulated deficit (1,283,923) (1,295,626)
Total stockholders’ deficit (377,730) (415,518)
Total liabilities and stockholders’ deficit $ 378,287 $ 409,033