v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 48,166 $ 82,840
Restricted cash 2,740 1,882
Marketable securities 59,465 99,827
Accounts receivable 18,457 14,272
Inventory 18,047 14,908
Prepaid expenses and other current assets 20,453 31,498
Total current assets 167,328 245,227
Property and equipment, net 46,643 52,281
Operating lease right-of-use assets 20,127 31,479
Intangible assets, net 13,493 15,556
Goodwill 3,994 3,994
Other non-current assets 13,902 16,676
Total assets 265,487 365,213
Current liabilities:    
Accounts payable 29,714 18,972
Accrued and other current liabilities 31,901 31,567
Operating lease liabilities 7,572 10,049
Total current liabilities 69,187 60,588
Debt 429,679 500,516
Operating lease liabilities, non-current 14,406 24,083
Other non-current liabilities 184 815
Total liabilities 513,456 586,002
Commitments and contingencies (Note 16)
Stockholders’ deficit:    
Additional paid-in capital 2,257,171 2,204,814
Accumulated other comprehensive loss (454) (295)
Treasury stock (312,477) (312,477)
Accumulated deficit (2,216,425) (2,112,835)
Total stockholders’ deficit (272,179) (220,789)
Total liabilities, preferred stock and stockholders’ deficit 265,487 365,213
Series A Preferred Stock    
Current liabilities:    
Series A preferred stock 24,210 0
Class A common stock    
Stockholders’ deficit:    
Common stock 5 3
Class B common stock    
Stockholders’ deficit:    
Common stock $ 1 $ 1

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