v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 392,604 $ 344,865
Short-term investments 338,465 252,652
Accounts receivable, net 129,633 104,746
Inventory 37,632 26,508
Prepaid taxes 10,103 1,617
Prepaid expenses and other current assets 17,213 11,657
Total current assets 925,650 742,045
Property and equipment, net 148,871 155,168
Long-term investments 133,113 152,114
Right-of-use assets 7,447 6,280
Deferred tax asset, net of valuation allowance 24,680 0
Other non-current assets 333 231
Total assets 1,240,094 1,055,838
Current liabilities    
Accounts payable 2,097 4,985
Current portion of lease liability 1,698 1,217
Accrued rebates 55,769 36,804
Accrued expenses and other current liabilities 31,704 58,989
Total current liabilities 91,268 101,995
Lease liability 7,813 6,044
Other long-term liabilities 3,137 1,419
Total liabilities 102,218 109,458
Commitments and contingencies (see note 7)
Stockholders’ equity    
Common stock; $0.00001 par value; 80,000 shares authorized as of September 30, 2025 and December 31, 2024; 28,984 and 28,794 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively. 0 0
Additional paid-in capital 1,164,013 1,127,238
Accumulated other comprehensive gain (loss) 1,100 (190)
Accumulated deficit (27,237) (180,668)
Total stockholders’ equity 1,137,876 946,380
Total liabilities and stockholders’ equity $ 1,240,094 $ 1,055,838