v3.25.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 629,143 $ 525,540
Short-term marketable debt securities 0 314,438
Accounts receivable, net 130,252 110,253
Inventory, net 84,061 71,083
Prepaid expenses and other current assets, net 39,976 33,800
Total current assets 883,432 1,055,114
Restricted cash 106,337 104,215
Property and equipment, net 126,141 136,813
Right-of-use assets, net 169,768 142,265
Intangible assets, net 5,864 6,760
Goodwill 3,290 3,290
Other assets, net 37,167 37,152
Total Assets 1,331,999 1,485,609
Current liabilities:    
Accounts payable 44,802 38,551
Accrued compensation 68,262 83,219
Accrued expenses 71,011 68,345
Deferred revenue 54,355 35,468
Total current liabilities 238,430 225,583
Convertible senior notes, net, principal amount of $1,090,660 and $1,150,000 as of June 30, 2025 and December 31, 2024, respectively 1,115,526 1,142,547
Long-term operating lease liabilities 192,348 164,292
Other long-term liabilities 91,170 92,834
Total Liabilities 1,637,474 1,625,256
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, par value of $0.00001 per share; 350,000,000 shares authorized; 125,454,255 and 123,994,006 shares issued as of June 30, 2025 and December 31, 2024; and 124,477,904 and 123,994,006 shares outstanding as of June 30, 2025 and December 31, 2024, respectively 1 1
Treasury stock, at cost, 976,351 shares as of June 30, 2025 (45,010) 0
Additional paid-in capital 2,516,550 2,443,788
Accumulated other comprehensive loss (3,723) (5,201)
Accumulated deficit (2,773,293) (2,578,235)
Total Stockholders’ Deficit (305,475) (139,647)
Total Liabilities and Stockholders’ Deficit $ 1,331,999 $ 1,485,609