v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 64,112 $ 69,234
Short-term investments 251,249 369,095
Accounts receivable, net 128,443 114,585
Inventories 142,573 149,612
Prepaid and other current assets 28,440 21,965
Total current assets 614,817 724,491
Property and equipment, net 77,513 78,150
Operating lease right-of-use assets 98,436 85,306
Equity method investments 67,628 74,545
Other long-term assets 17,342 5,166
Total assets 875,736 967,658
Current liabilities:    
Accounts payable 55,838 44,730
Accrued expenses 13,764 18,170
Employee-related liabilities 51,691 64,128
Current portion of convertible senior notes, net 0 40,670
Operating lease liabilities 19,888 18,208
Deferred revenue 10,516 11,831
Other current liabilities 99,993 49,312
Total current liabilities 251,690 247,049
Convertible senior notes, net - long-term 309,146 308,266
Operating lease liabilities - long-term 119,974 106,421
Deferred revenue - long-term 9,575 10,455
Other long-term liabilities 52,068 32,369
Total liabilities 742,453 704,560
Commitments and contingencies (Note 14) 0 0
Stockholders’ equity:    
Common stock, $0.001 par value; 200,000 shares authorized, 67,531 and 66,264 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively. 68 66
Additional paid-in capital 1,360,251 1,312,804
Accumulated other comprehensive income (loss) 3,745 (1,947)
Accumulated deficit (1,230,781) (1,047,825)
Total stockholders’ equity 133,283 263,098
Total liabilities and stockholders’ equity $ 875,736 $ 967,658