v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 501,313 $ 496,304
Short-term investments 322,092 331,487
Accounts receivable, net 127,022 127,425
Inventory 42,646 40,475
Prepaid taxes 10,642 14,006
Prepaid expenses and other current assets 16,026 14,905
Total current assets 1,019,741 1,024,602
Property and equipment, net 153,582 150,776
Long-term investments 193,485 128,066
Right-of-use assets 7,035 7,239
Deferred tax asset, net of valuation allowance 22,824 22,824
Other non-current assets 300 287
Total assets 1,396,967 1,333,794
Current liabilities    
Accounts payable 4,089 3,238
Current portion of lease liability 1,800 1,771
Accrued rebates 70,717 58,181
Accrued expenses and other current liabilities 31,196 39,752
Total current liabilities 107,802 102,942
Lease liability 7,312 7,568
Other long-term liabilities 5,124 3,724
Total liabilities 120,238 114,234
Commitments and contingencies (see note 7)
Stockholders’ equity    
Common stock; $0.00001 par value; 80,000 shares authorized as of March 31, 2026 and December 31, 2025; 29,437 and 29,192 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 0 0
Additional paid-in capital 1,198,257 1,194,261
Accumulated other comprehensive (loss) gain (1,623) 1,136
Retained earnings 80,095 24,163
Total stockholders’ equity 1,276,729 1,219,560
Total liabilities and stockholders’ equity $ 1,396,967 $ 1,333,794