v3.26.1
Balance Sheet Components (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents
The Company’s cash and cash equivalents consist of the following (in thousands):
 March 31,
2026		December 31,
2025
Cash$18,293 $12,938 
Cash equivalents:
Money market funds(1)
60,427 54,475 
Total cash and cash equivalents$78,720 $67,413 
(1)The Company maintains a cash sweep account, which is included in money market funds as of March 31, 2026 and December 31, 2025. Cash is invested in short-term money market funds that earn interest.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheets to the total of the amounts reported in the unaudited condensed consolidated statements of cash flows (in thousands):
March 31,
2026		March 31,
2025
Cash and cash equivalents$78,720 $53,984 
Restricted cash, current647 731 
Restricted cash, non-current1,100 1,835 
Total cash, cash equivalents and restricted cash$80,467 $56,550 
Schedule of Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the unaudited condensed consolidated balance sheets to the total of the amounts reported in the unaudited condensed consolidated statements of cash flows (in thousands):
March 31,
2026		March 31,
2025
Cash and cash equivalents$78,720 $53,984 
Restricted cash, current647 731 
Restricted cash, non-current1,100 1,835 
Total cash, cash equivalents and restricted cash$80,467 $56,550 
Schedule of Inventory
Inventory, consisting of material, direct and indirect labor, and manufacturing overhead, consists of the following (in thousands):
 March 31,
2026		December 31,
2025
Raw materials$9,041 $3,866 
Work in process1,565 93 
Finished goods19,272 19,607 
Total inventory$29,878 $23,566 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
March 31,
2026		December 31,
2025
Prepaid expenses$5,750 $3,529 
Prepaid inventory3,098 2,887 
Prepaid insurance1,745 967 
Receivable from contract manufacturer3,926 3,497 
IRS Income tax refund receivable— 2,993 
Indemnification asset (See Note 3.)1,855 — 
Other current assets4,795 3,644 
Total prepaid expenses and other current assets$21,169 $17,517 
Schedule of Property, Plant and Equipment
Property and equipment consists of the following (in thousands):
Estimated Useful Life
(in years)		March 31,
2026		December 31,
2025
LandNot depreciated$7,798 $7,798 
Building259,453 9,453 
Machinery and equipment317,851 16,640 
Computer equipment31,373 1,140 
Automotive and vehicle hardware593 93 
Software3438 160 
Furniture and fixtures71,129 863 
Construction in progress8,231 7,326 
Leasehold improvementsShorter of useful life or lease term5,134 5,097 
51,500 48,570 
Less: Accumulated depreciation(17,674)(16,679)
Property and equipment, net$33,826 $31,891 
Schedule of Carrying Amount of Goodwill
The changes in the carrying amount of goodwill are as follows (in thousands):
Amount
Balance at December 31, 2025$— 
Goodwill addition related to Stereolabs acquisition38,525 
Balance at March 31, 2026$38,525 
Schedule of Finite-Lived Intangible Assets
The following tables present acquired intangible assets, net as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026
Estimated Useful Life
(in years)		Gross Carrying AmountAccumulated AmortizationNet Book Value
Trade name6$1,500 $(37)$1,463 
Developed technology
3-8
37,500 (14,994)22,506 
Vendor relationship36,600 (6,600)— 
Customer relationships
3 - 8
14,200 (3,162)11,038 
Intangible assets, net$59,800 $(24,793)$35,007 
December 31, 2025
Estimated Useful Life
(in years)		Gross Carrying AmountAccumulated AmortizationNet Book Value
Developed technology
3-8
$23,500 $(13,634)$9,866 
Vendor relationship36,600 (6,600)— 
Customer relationships
3-8
6,300 (2,850)3,450 
Intangible assets, net$36,400 $(23,084)$13,316 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table summarizes estimated future amortization expense of finite-lived intangible assets-net (in thousands):
Years:Amount
Remainder of 2026$6,333 
20278,416 
20287,526 
20297,065 
20302,257 
Thereafter3,410 
Total$35,007 
Schedule of Accrued and Other Current Liabilities
Accrued and other current liabilities consist of the following (in thousands):
March 31,
2026		December 31,
2025
Accrued legal fees and contingencies$2,801 $2,124 
Uninvoiced receipts10,900 7,910 
Accrued compensation8,012 7,415 
Warranty reserve2,137 1,800 
Sales, use, value-added taxes, customs duties and other taxes(1)
9,835 3,108 
Other4,508 3,843 
Total accrued and other current liabilities$38,193 $26,200 
(1) Includes indemnified Specific Tax Loss Liabilities of $6.3 million from the Stereolabs acquisition. The indemnification of the Specific Tax Loss is capped at $1.9 million. See Note 3.