v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 33,687 $ 19,624
Accounts receivable, net 64,354 82,122
Inventories 87,774 98,831
Prepaid expenses and other current assets 28,364 14,272
Total current assets 214,179 214,849
Property, plant, and equipment, net 31,931 33,703
Operating lease right-of-use assets 36,978 38,201
Intangible assets, net 376,677 387,050
Other non-current assets 1,885 2,173
Total assets 661,650 675,976
Current Liabilities    
Accounts payable 8,941 14,135
Accrued expenses 51,240 62,668
Current portion of notes payable 250 250
Current portion of operating lease liabilities 2,212 2,650
Other current liabilities 363 382
Total current liabilities 63,006 80,085
Notes payable, net of current portion 399,876 399,590
Operating lease liabilities, net of current portion 22,595 23,040
Deferred tax liability 658 1,861
Other non-current liabilities 715 552
Total liabilities 486,850 505,128
Commitments and contingencies—See Note 10
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized and no shares issued or outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock value 0 0
Additional paid-in capital 975,967 974,386
Accumulated deficit (801,138) (804,066)
Accumulated other comprehensive income (loss) (29) 528
Total stockholders’ equity 174,800 170,848
Total liabilities and stockholders’ equity $ 661,650 $ 675,976