v3.26.1
Inventory (Tables)
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventory is stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out method. Inventory consists of the following:

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2026

 

 

2025

 

Raw materials

 

$

70,966

 

 

$

68,387

 

Work in process

 

 

120,844

 

 

 

90,498

 

Finished goods(1)

 

 

144,893

 

 

 

37,740

 

Total inventory

 

$

336,703

 

 

$

196,625

 

 

(1)
At March 31, 2026 and December 31, 2025, the Company had $26.2 million and $31.7 million, respectively, of finished goods inventory located at its third-party warehouse and shipping service provider.