v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 461,739 $ 488,366
Accounts receivable 90,727 84,282
Inventory 49,890 48,881
Prepaid expenses and other current assets 16,924 16,254
Total current assets 619,280 637,783
Property, plant and equipment, net 361,571 327,656
Finance lease right-of-use assets, net 334,545
Operating lease right-of-use assets, net 4,858 5,155
Deferred tax assets 82,476 83,543
Restricted cash 18,438 500
Goodwill 11,549 11,549
Acquired intangible assets, net 0 1,948
Other non-current assets 2,103 239
Total assets 1,434,820 1,068,373
Current liabilities:    
Accounts payable 11,151 10,350
Accrued expenses and other current liabilities 59,316 62,740
Current portion of long-term debt 15,000 10,000
Deferred revenue 2,945 2,905
Operating lease liabilities 3,508 3,310
Total current liabilities 91,920 89,305
Convertible senior notes, net 453,530 452,804
Long-term debt, net 44,665 49,587
Finance lease liability 343,829  
Operating lease liabilities, net of current portion 2,883 3,577
Other long-term liabilities 3,986  
Total liabilities 940,813 595,273
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, no par value; 25,000,000 shares authorized; no shares issued or outstanding
Common stock, no par value; 150,000,000 shares authorized; 34,545,721 shares and 34,267,802 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 764,640 750,926
Accumulated other comprehensive income 2 124
Accumulated deficit (270,635) (277,950)
Total stockholders' equity 494,007 473,100
Total liabilities and stockholders' equity $ 1,434,820 $ 1,068,373