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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,694 $ 1,149
Accounts receivable 4,109 4,058
Inventories 10,409 10,500
Prepaid expenses and other assets 4,271 4,156
Income tax receivable 336 329
Total current assets 23,819 20,192
Property and equipment, net 114,478 137,237
Operating lease assets, net 133,134 157,821
Goodwill 7,154 7,154
Intangibles, net 426 495
Other assets, net 1,561 1,749
Total long-term assets 256,753 304,456
Total assets 280,572 324,648
Current liabilities:    
Accounts payable 18,792 13,194
Accrued payroll and benefits 10,138 7,632
Accrued expenses and other current liabilities 11,992 12,836
Current operating lease liabilities 29,728 32,055
Total current liabilities 70,650 65,717
Long-term debt, net 108,158 100,742
Long-term operating lease liabilities, net 130,872 156,723
Deferred tax liabilities, net 325 276
Other long-term liabilities 9,466 6,769
Total liabilities 319,471 330,227
Stockholders’ deficit:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of September 30, 2025 and December 31, 2024; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 49,198,586 issued and 46,774,715 outstanding as of September 30, 2025 and 48,161,878 issued and 45,738,007 outstanding as of December 31, 2024 492 482
Treasury stock, at cost, 2,423,871 shares as of September 30, 2025 and December 31, 2024 (35,000) (35,000)
Additional paid-in capital 215,826 213,396
Accumulated deficit (220,217) (184,457)
Total stockholders’ deficit (38,899) [1] (5,579)
Total liabilities and stockholders’ deficit $ 280,572 $ 324,648
[1] Unless otherwise noted, activity relates to Class A common stock.