v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 16,759 $ 6,106
Short-term investments in held-to-maturity securities 791,648 412,728
Accounts receivable, net 45,040 38,209
Inventories 81,557 76,741
Prepaid expenses and other current assets 14,275 10,276
Total current assets 949,279 544,060
Property and equipment, net 105,114 82,475
Intangible assets, net 147,366 163,558
Right-of-use assets, net 4,089 6,569
Goodwill 87,098 87,098
Other assets 1,753 1,199
Total assets 1,294,699 884,959
Current liabilities:    
Accounts payable 21,327 22,894
Accrued expenses and other current liabilities 62,678 85,555
Total current liabilities 84,005 108,449
Other non-current liabilities 54,512 76,791
Total liabilities 138,517 185,240
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock, $0.0001 par value - 200,000 shares authorized; 26,299 and 23,598 shares issued and outstanding at December 31, 2025 and 2024 3 2
Additional paid-in capital 1,381,083 881,718
Accumulated deficit (224,904) (182,001)
Total stockholders’ equity 1,156,182 699,719
Total liabilities and stockholders’ equity $ 1,294,699 $ 884,959