v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 80,532 $ 74,520
Restricted cash 0 10,529
Short-term investments 36,349 41,693
Accounts receivable (net of allowance for doubtful accounts of $1 and $10, respectively) 64,290 61,375
Inventory 16,831 17,373
Other current assets 6,575 7,287
Total current assets 204,577 212,777
Property and equipment, net 109,848 103,161
Intangible assets, net 5,938 6,250
Right-of-use assets 67,398 70,098
Long-term investments 47,400 39,880
Other long-term assets 447 556
Total assets 435,608 432,722
Current liabilities:    
Accounts payable 12,857 23,848
Accrued expenses 14,404 17,065
Current portion of operating lease liabilities 13,753 9,257
Other current liabilities 118 116
Total current liabilities 41,132 50,286
Operating lease liabilities 86,011 89,593
Other long-term liabilities 1,656 876
Total liabilities 128,799 140,755
COMMITMENTS AND CONTINGENCIES (Note 12)
Shareholders’ equity:    
Common stock, no par value; shares authorized — 75,000; shares issued and outstanding — 50,441 and 49,628, respectively 711,240 684,778
Accumulated other comprehensive gain 183 4
Accumulated deficit (404,614) (392,815)
Total shareholders’ equity 306,809 291,967
Total liabilities and shareholders’ equity $ 435,608 $ 432,722