v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents, and restricted cash $ 373,031 $ 370,063
Accounts receivable, net of allowances for estimated credit losses of $9,476 and $9,597 at March 31, 2025 and December 31, 2024, respectively 23,258 27,643
Inventories 65,632 69,113
Income tax receivable 274 818
Prepaid expenses and other current assets 7,178 9,487
Total current assets 469,373 477,124
Property and equipment, net 4,220 5,978
Right-of-use assets, net 12,479 13,590
Intangible assets, net 45,649 47,512
Goodwill 124,260 123,499
Deferred income tax assets, net 4,251 3,894
Other assets 13,588 14,086
TOTAL ASSETS 673,820 685,683
Current liabilities:    
Accounts payable 23,143 21,941
Accrued payroll-related expenses 14,525 17,636
Lease liabilities, current 5,075 5,147
Income tax payable 3,314 3,426
Other accrued expenses 16,747 20,002
Total current liabilities 62,804 68,152
Lease liabilities, non-current 9,628 10,813
Deferred income tax liabilities, net 402 396
Warrant liabilities 139 488
Convertible senior notes, net 552,984 552,198
Other long-term liabilities 1,801 1,833
Total liabilities 627,758 633,880
Commitments (Note 6)
Stockholders’ equity:    
Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 125,246,286 and 124,924,185 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 13 12
Additional paid-in capital 569,935 566,709
Accumulated other comprehensive loss (5,825) (6,953)
Accumulated deficit (518,061) (507,965)
Total stockholders’ equity 46,062 51,803
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 673,820 $ 685,683