v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 358,393 $ 411,290
Accounts receivable, net 235,246 264,926
Inventory 82,468 81,404
Prepaid assets 37,104 18,368
Restricted cash 1,434 1,322
Other current assets 13,073 11,644
Total current assets 727,718 788,954
Non-current assets:    
Right-of-use assets 15,251 16,083
Property and equipment, net 2,514 2,952
Long-term inventory 60,652 75,713
Other assets 1,150 1,349
Total assets 807,285 885,051
Current liabilities:    
Accounts payable 55,287 38,572
Accrued expenses 116,146 140,184
Current portion of lease liabilities 6,944 6,753
Total current liabilities 178,377 185,509
Long-term liabilities:    
Long-term credit facility 360,001 359,489
Convertible senior notes 93,421 93,341
Lease liabilities 9,186 10,201
Other liabilities 2,084 7,972
Total liabilities 643,069 656,512
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized, and zero shares issued and outstanding at March 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 200,000 shares authorized at March 31, 2025 and December 31, 2024; 125,661 shares issued and outstanding at March 31, 2025, and 124,495 shares issued and outstanding at December 31, 2024 12 12
Additional paid-in capital 3,294,849 3,267,201
Accumulated other comprehensive loss (3,054) (3,308)
Accumulated deficit (3,127,591) (3,035,366)
Total stockholders' equity 164,216 228,539
Total liabilities and stockholders' equity $ 807,285 $ 885,051