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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 169,971 $ 216,488
Restricted cash 1,499 1,399
Accounts receivable, net 1,099 3,324
Inventories 14,747 12,465
Deferred cost of revenue 5,046 4,792
Prepaid expenses and other current assets 40,592 16,841
Total current assets 232,954 255,309
Property and equipment, net 26,620 28,351
Operating lease right-of-use assets 47,016 48,894
Restricted cash, noncurrent 8,974 6,974
Internal-use software, net 20,068 20,516
Intangible assets, net 31,275 33,255
Other assets 1,140 1,868
Total assets 368,047 395,167
Current liabilities:    
Accounts payable (includes related party amounts of $4,871 and $3,809, respectively) 11,192 11,571
Accrued expenses and other current liabilities (includes related party amounts of $2,452 and $6,752, respectively) 64,673 42,263
Deferred revenue (includes related party amounts of $15,818 and $10,999, respectively) 68,015 64,827
Operating lease liabilities 8,977 8,670
Total current liabilities 152,857 127,331
Deferred revenue, noncurrent (includes related party amounts of $5,000 and $10,000, respectively) 5,000 10,000
Operating lease liabilities, noncurrent 65,186 67,845
Other liabilities 1,500 1,471
Total liabilities 224,543 206,647
Commitments and contingencies (Note 11)
Stockholders’ equity    
Preferred stock - par value $0.0001, 10,000,000 shares authorized as of June 30, 2024 and March 31, 2024; zero shares issued and outstanding as of June 30, 2024 and March 31, 2024 0 0
Common stock, par value $0.0001 - Class A shares, 1,140,000,000 shares authorized, 339,502,600 and 323,394,807 shares issued and outstanding as of June 30, 2024 and March 31, 2024, respectively; Class B shares, 350,000,000 shares authorized, 166,507,453 and 166,724,586 shares issued and outstanding as of June 30, 2024 and March 31, 2024, respectively 51 49
Additional paid-in capital 2,385,941 2,361,559
Accumulated deficit (2,242,488) (2,173,088)
Total stockholders’ equity 143,504 188,520
Total liabilities and stockholders’ equity $ 368,047 $ 395,167