v3.26.1
Condensed consolidated financial statement details (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Inventory
(in thousands)
June 30, 2026December 31, 2025
Components
$3,184 $2,554 
Finished goods
83,561 75,877 
Total inventory$86,745 $78,431 
Property, Plant, and Equipment
Property and equipment, net
(in thousands)
June 30, 2026December 31, 2025
Leasehold improvements$24,014 $24,014 
Production, engineering, and other equipment37,280 37,265 
Tooling7,399 7,208 
Computers and software7,738 8,064 
Furniture and office equipment3,524 3,524 
Tradeshow equipment and other1,410 1,424 
Construction in progress2,158 132 
Gross property and equipment83,523 81,631 
Less: Accumulated depreciation and amortization(76,504)(75,728)
Property and equipment, net$7,019 $5,903 
Schedule of Other Assets
Other long-term assets
(in thousands)
June 30, 2026December 31, 2025
Point of purchase (POP) displays$6,764 $9,986 
Deposits and other9,496 9,977 
Intangible assets, net3,140 4,078 
Long-term deferred tax assets— 581 
Other long-term assets$19,400 $24,622 
Schedule of Accrued Liabilities
Accrued expenses and other current liabilities
(in thousands)
June 30, 2026December 31, 2025
Purchase order commitments(1)
$42,094 $1,343 
Derivative liabilities34,730 — 
Accrued sales incentives26,530 38,259 
Accrued liabilities24,879 30,274 
Employee related liabilities7,547 8,255 
Warranty liabilities3,161 4,315 
Customer deposits2,671 1,216 
Return liability1,239 3,293 
Inventory received805 3,423 
Other4,174 5,478 
Accrued expenses and other current liabilities$147,830 $95,856 
(1) The increase in accrued purchase order commitments from December 31, 2025 was primarily due to communication from the Company’s memory suppliers regarding planned reductions in the production of the memory used in its products causing a reduction in forecasted sales volumes of certain products which also impacted the Company’s expected utilization of materials subject to a non-cancellable non-refundable purchase commitment.
Schedule of Product Warranty Liability
Product warranty
Three months ended June 30,Six months ended June 30,
(in thousands)
2026202520262025
Beginning balance$3,987 $5,915 $4,593 $6,207 
Charged to cost of revenue2,151 2,048 4,691 4,663 
Settlement of warranty claims(2,855)(2,610)(6,001)(5,517)
Warranty liability$3,283 $5,353 $3,283 $5,353 
As of June 30, 2026 and December 31, 2025, $3.2 million and $4.3 million, respectively, of the warranty liability was recorded as a component of accrued expenses and other current liabilities, and $0.1 million and $0.3 million, respectively, was recorded as a component of other long-term liabilities.
Goodwill
Changes to the carrying amount of goodwill during the six months ended June 30, 2026 were as follows:
(in thousands)Carrying Amount
Carrying amount as of December 31, 2025$133,751 
Goodwill impairment— 
Carrying amount as of June 30, 2026$133,751