v3.25.2
Balance Sheet Components
6 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

Note 5. Balance Sheet Components:

Property and Equipment

Property and equipment as of June 30, 2025 and December 31, 2024 consisted of the following (amounts in thousands):

 

 

 

June 30,

 

 

December 31

 

 

 

2025

 

 

2024

 

Computer equipment, hardware, and software

 

$

7,843

 

 

$

7,831

 

Furniture and fixtures

 

 

123,716

 

 

 

107,886

 

Leasehold improvements

 

 

119,142

 

 

 

115,879

 

Machinery and equipment

 

 

161,319

 

 

 

161,460

 

Construction-in-progress

 

 

26,441

 

 

 

61,935

 

 Property and equipment, gross

 

 

438,461

 

 

 

454,991

 

Accumulated depreciation and amortization

 

 

(172,070

)

 

 

(154,999

)

Property and equipment, net

 

$

266,391

 

 

$

299,992

 

 

Depreciation and amortization expense related to property and equipment was $19.2 million and $12.7 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation and amortization expense related to property and equipment was $37.4 million and $24.5 million for the six months ended June 30, 2025 and 2024, respectively.

 

 

Accrued Liabilities

Accrued liabilities as of June 30, 2025 and December 31, 2024 consisted of the following (amounts in thousands):

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Accrued property and equipment

 

$

5,396

 

 

$

975

 

Litigation-related accrual

 

 

2,900

 

 

 

11,950

 

Other

 

 

10,132

 

 

 

4,522

 

Accrued liabilities

 

$

18,428

 

 

$

17,447

 

 

Other Liabilities

Other liabilities as of June 30, 2025 and December 31, 2024 consisted of the following (amounts in thousands):

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Long-term advance payments

 

$

915

 

 

$

2,515

 

Asset retirement obligation

 

 

13,409

 

 

 

12,371

 

Other liabilities

 

$

14,324

 

 

$

14,886