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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 216,488,000 $ 386,849,000
Restricted cash 1,399,000 1,399,000
Accounts receivable, net 3,324,000 1,897,000
Inventories 12,465,000 10,247,000
Deferred cost of revenue 4,792,000 5,376,000
Prepaid expenses and other current assets 16,841,000 19,224,000
Total current assets 255,309,000 424,992,000
Property and equipment, net 28,351,000 38,608,000
Operating lease right-of-use assets, net 48,894,000 56,078,000
Restricted cash, noncurrent 6,974,000 6,974,000
Internal-use software, net 20,516,000 15,661,000
Intangible assets, net 33,255,000 45,520,000
Goodwill 0 351,744,000
Other assets 1,868,000 3,021,000
Total assets 395,167,000 942,598,000
Current liabilities:    
Accounts payable (includes related party amounts of $3,809 and $3,186, respectively) 11,571,000 12,924,000
Accrued expenses and other current liabilities (includes related party amounts of $6,752 and $8,738, respectively) 42,263,000 66,430,000
Deferred revenue (includes related party amounts of $10,999 and $11,753, respectively) 64,827,000 62,521,000
Operating lease liabilities 8,670,000 7,541,000
Total current liabilities 127,331,000 149,416,000
Deferred revenue, noncurrent (includes related party amounts of $10,000 and nil, respectively) 10,000,000 0
Operating lease liabilities, noncurrent 67,845,000 77,763,000
Other liabilities 1,471,000 1,480,000
Total liabilities 206,647,000 228,659,000
Commitments and contingencies (Note 12)
Stockholders’ equity    
Preferred stock — par value $0.0001, 10,000,000 shares authorized as of March 31, 2024 and 2023; zero shares issued and outstanding as of March 31, 2024 and 2023 0 0
Common stock, par value $0.0001 — Class A shares, 1,140,000,000 shares authorized, 323,394,807 and 293,020,474 shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively; Class B shares, 350,000,000 shares authorized, 166,724,586 and 168,179,488 shares issued and outstanding as of March 31, 2024 and 2023, respectively 49,000 46,000
Additional paid-in capital 2,361,559,000 2,220,897,000
Accumulated other comprehensive income (loss) 0 (620,000)
Accumulated deficit (2,173,088,000) (1,506,384,000)
Total stockholders’ equity 188,520,000 713,939,000
Total liabilities and stockholders’ equity $ 395,167,000 $ 942,598,000