v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 140,658 $ 198,456
Accounts receivable, net 121,416 56,048
Inventories 150,049 116,347
Prepaid expenses and other current assets 7,956 23,173
Total current assets 420,079 394,024
Property, plant and equipment, net 78,831 64,777
Operating lease right-of-use assets 30,755 17,298
Finance lease right-of-use assets 6,084 6,173
Goodwill 1,053,108 1,034,543
Intangible assets, net 896,763 898,417
Other assets, net 642 1,162
Total assets 2,486,262 2,416,394
Current liabilities:    
Accrued expenses and other current liabilities 31,834 30,450
Deferred revenue 20,182 1,842
Total current liabilities 103,964 62,488
Long-term debt, net 668,439 667,774
Operating lease liabilities, net of current portion 28,619 15,540
Finance lease liabilities, net of current portion 5,938 6,013
Deferred income taxes 142,860 152,203
Founders advisory fees payable - related party 240,307 240,083
Other non-current liabilities 2,507 2,226
Total liabilities 1,307,631 1,259,124
Commitments and contingencies (Note 9)
Stockholder’s equity:    
Common stock, $0.0001 par value per share, 4,000,000,000 shares authorized; 171,292,585 and 169,426,114 shares issued; 145,914,429 and 147,822,633 shares outstanding at June 30, 2025 and December 31, 2024, respectively 17 17
Treasury stock, at cost; 25,378,156 and 21,603,481 shares at June 30, 2025 and December 31, 2024, respectively (168,197) (127,827)
Additional paid-in capital 1,916,236 1,911,035
Accumulated other comprehensive loss (7,227) (39,232)
Accumulated deficit (562,198) (586,723)
Total stockholders’ equity 1,178,631 1,157,270
Total liabilities and stockholders’ equity 2,486,262 2,416,394
Nonrelated Party    
Current liabilities:    
Accounts payable 35,902 23,519
Preferred stock 112,286 109,966
Related Party    
Current liabilities:    
Accounts payable 16,046 6,677
Preferred stock 2,711 2,831
Customer lists, net    
Current assets:    
Intangible assets, net 624,787 637,745
Technology and patents, net    
Current assets:    
Intangible assets, net 186,494 173,307
Tradenames, net    
Current assets:    
Intangible assets, net $ 85,482 $ 87,365