v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 351,191 $ 494,261
Short-term investments 106,104 0
Accounts receivable, net [1] 94,975 80,715
Inventory 15,142 9,867
Costs capitalized to obtain contracts, net 1,179 1,211
Prepaid expenses and other current assets 21,426 20,050
Total current assets 590,017 606,104
Restricted cash, noncurrent 1,670 1,567
Property and equipment, net 2,885 3,019
Costs capitalized to obtain contracts, noncurrent 844 869
Prepaid expenses and other assets, noncurrent [2],[3] 44,928 48,480
Operating lease right-of-use asset 246 335
Intangible assets, net 81,636 38,277
Goodwill 173,609 134,619
Deferred tax assets, net 145,039 126,418
Total Assets 1,040,874 959,688
Current Liabilities:    
Accounts payable 21,969 8,411
Accrued expenses and other current liabilities 39,673 42,002
Deferred revenue, current [4] 48,197 46,377
Total current liabilities 109,839 96,790
Convertible notes, net, noncurrent 310,930 310,386
Deferred revenue, noncurrent [5] 3,734 4,330
Other liabilities, noncurrent 18,741 0
Total Liabilities 443,244 411,506
Commitments and Contingencies (Note 10)
Stockholders’ Equity    
Common Stock, $0.001 par value; 500,000,000 authorized as of March 31, 2026 and December 31, 2025, respectively; 80,688,123 and 79,359,589 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 81 79
Additional paid-in capital 733,561 686,921
Accumulated deficit (136,087) (138,866)
Accumulated other comprehensive income 75 48
Total stockholders’ equity 597,630 548,182
Total Liabilities and Stockholders’ Equity $ 1,040,874 $ 959,688
[1] Includes related party receivables of $29 and $3 as of March 31, 2026, and December 31, 2025, respectively.
[2] Includes $20,876 and $24,726 measured using the fair value option as of March 31, 2026, and December 31, 2025, respectively, related to the Convertible Note Investment. Refer to Note 6, "Fair Value Measurements" for additional information.
[3] Includes the $5,882 Related Party Investment and the $3,898 Related Party Warrant as of March 31, 2026, and December 31, 2025. Refer to Note 6, "Fair Value Measurements" and Note 14, "Related-Party Transactions" for additional information.
[4] Includes related party deferred revenue, current of $780 as of March 31, 2026, and December 31, 2025.
[5] Includes related party deferred revenue, noncurrent of $2,047 and $2,242 as of March 31, 2026 and December 31, 2025, respectively.