| Balance Sheet Components |
5.BALANCE SHEET COMPONENTS Property and Equipment, Net The following summarizes property and equipment, net as of March 31, 2026 and December 31, 2025 (in thousands):
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|
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March 31, 2026 |
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|
December 31, 2025 |
|
Equipment |
|
$ |
147,775 |
|
|
$ |
143,651 |
|
Leasehold improvements |
|
|
66,323 |
|
|
|
64,791 |
|
Furniture and fixtures |
|
|
7,366 |
|
|
|
6,976 |
|
Building |
|
|
1,234 |
|
|
|
1,234 |
|
Land |
|
|
9,850 |
|
|
|
9,850 |
|
Total property and equipment, gross |
|
|
232,548 |
|
|
|
226,502 |
|
Less: accumulated depreciation |
|
|
(143,955 |
) |
|
|
(137,346 |
) |
Property and equipment, net |
|
$ |
88,593 |
|
|
$ |
89,156 |
|
Depreciation expense on property and equipment is classified as follows in the accompanying condensed consolidated statements of operations for the three months ended March 31, 2026 and 2025 (in thousands):
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Three Months Ended March 31, |
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2026 |
|
|
2025 |
|
Cost of revenue, diagnostics |
|
$ |
3,725 |
|
|
$ |
3,641 |
|
Cost of revenue, data and applications |
|
|
— |
|
|
|
172 |
|
Selling, general and administrative costs |
|
|
3,700 |
|
|
|
4,070 |
|
Total depreciation |
|
$ |
7,425 |
|
|
$ |
7,883 |
|
Accrued Expenses Accrued expenses as of March 31, 2026 and December 31, 2025, consist of the following (in thousands):
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March 31, 2026 |
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|
December 31, 2025 |
|
Accrued compensation and employee benefits |
|
$ |
39,146 |
|
|
$ |
38,119 |
|
Accrued expenses |
|
|
82,562 |
|
|
|
72,553 |
|
Accrued cloud storage costs |
|
|
37,732 |
|
|
|
41,870 |
|
Interest payable |
|
|
1,188 |
|
|
|
2,828 |
|
Total accrued expenses |
|
$ |
160,628 |
|
|
$ |
155,370 |
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|