v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 75,154 $ 58,535
Marketable debt securities, at fair value 244,383 312,166
Accounts receivable, net 38,718 27,116
Inventory 4,090 6,200
Prepaid expenses and other current assets 17,222 12,685
Total current assets 379,567 416,702
Long-term inventory 33,590 35,656
Property and equipment, net 4,561 5,336
Operating lease right of use assets 12,336 14,295
Intangible assets, net 105,607 103,974
Other assets 19,648 18,162
Total assets 555,309 594,125
Current liabilities:    
Accounts payable 19,134 23,534
Accrued expenses 81,682 86,028
Convertible debt, current portion 68,838 68,678
Operating lease liabilities, current portion 5,595 5,405
Other current liabilities 14,291 17,106
Total current liabilities 189,540 200,751
Convertible debt, less current portion 311,016 310,310
Operating lease liabilities, less current portion 14,124 17,191
Other non-current liabilities 7,882 6,796
Total liabilities 522,562 535,048
Commitments and Contingencies (See Note 13)
Stockholders' Equity:    
Preferred stock $0.0001 par value; 20,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock $0.0001 par value; 200,000,000 shares authorized; 89,102,347, and 87,452,835 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 9 9
Additional paid-in capital 1,534,698 1,506,315
Accumulated deficit (1,501,148) (1,447,167)
Accumulated other comprehensive loss (812) (80)
Total stockholders' equity 32,747 59,077
Total liabilities and stockholders' equity $ 555,309 $ 594,125