v3.26.1
Inventories (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
Summary of the Components of Inventories
The following table represents the components of inventories as of March 31, 2026 and December 31, 2025 (in thousands):
 
    
March 31,
2026
    
December 31,
2025
 
Raw materials
   $ 2,083      $ 409  
Work in progress
     14,918        11,732  
Finished goods
     6,462        4,796  
  
 
 
    
 
 
 
Total inventories
   $ 23,463      $ 16,937  
  
 
 
    
 
 
 
The following table represents the components of inventories as of December 31, 2025 and December 31, 2024 (in thousands
):
 
    
2025
    
2024
 
Raw materials
   $ 409      $ 45  
Work in progress
     11,732        9,547  
Finished goods
     4,796        5,416  
  
 
 
    
 
 
 
Total inventories
   $ 16,937      $ 15,008  
  
 
 
    
 
 
 
Summary of Changes in Company's Inventory Allowance  
Changes in the Company’s inventory allowance were as follows (in thousands):
 
Balance at December 31, 2023
   $ 24,204  
Valuation allowance
     428  
Sell-through or scrap of inventory
     (7,213
  
 
 
 
Balance at December 31, 2024
   $ 17,419  
  
 
 
 
Valuation allowance
     199  
Sell-through or scrap of inventory
     (2,721
  
 
 
 
Balance at December 31, 2025
   $ 14,897