v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (8,212) $ (6,522)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,665 8,512
Loss on disposal of fixed assets 104 216
Gain on fair value instruments 55 (3,675)
Right-of-use asset impairments and (gain) on lease termination 386 (29,895)
Paid-in-kind interest 1,690 1,561
Equity‑based compensation 2,029 17,224
Amortization of right-of-use assets 42,287 45,262
Changes in operating assets and liabilities:    
Accounts receivable, net 823 781
Accounts receivable, net – related parties 883 0
Prepaid member travel 1,434 6,062
Prepaid expenses 630 2,153
Other assets 540 (198)
Deferred revenue (18,754) (13,461)
Lease liabilities (41,960) (48,067)
Other liabilities 118 592
Net cash used in operating activities (7,750) (22,713)
Cash flows from investing activities:    
Purchase of property and equipment (2,272) (4,305)
Development of internal-use software (254) (528)
Net cash used in investing activities (2,526) (4,833)
Cash flows from financing activities:    
Proceeds from the Investment Agreement 0 10,000
Proceeds from exercise of Investment Warrants 2,000 0
Payments of employee taxes for share-based awards 0 (665)
Proceeds for purchases of shares for employee stock purchase plan 58 84
Net cash provided by financing activities 2,058 9,419
Net decrease in cash, cash equivalents and restricted cash (8,218) (18,127)
Cash, cash equivalents and restricted cash – beginning of period 35,005 42,266
Cash, cash equivalents and restricted cash – end of period 26,787 24,139
Non Related Party    
Changes in operating assets and liabilities:    
Accounts payable and accrued liabilities 2,245 (3,258)
Related Party    
Changes in operating assets and liabilities:    
Accounts payable and accrued liabilities $ 287 $ 0