v3.26.1
Inventory
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventory Inventory
Inventory consisted of the following (in thousands):
March 31, 2026December 31, 2025
Raw materials$2,784 $2,612 
Semi-finished goods8,674 7,591 
Finished goods— 1,342 
Total inventory$11,458 $11,545 
Inventory write-downs as a result of excess, obsolescence, expiry, or other reasons, and losses on firm purchase commitments, offset by recoveries of such commitments, are recorded as a component of cost of sales in the Company’s consolidated statements of operations. For the three months ended March 31, 2026, there were no inventory write-downs and $4.2 million of losses on firm purchase commitments. For the three months ended March 31, 2025, inventory write-downs were $0.3 million. There were no losses on firm purchase commitments during the three months ended March 31, 2025.