v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 143,558 $ 134,660
Restricted cash 201 201
Short-term investments 171,091 167,929
Accounts receivable, net 92,917 126,832
Inventory 164,073 195,910
Prepaid and other current assets 30,918 24,350
Total current assets 602,758 649,882
Operating lease right-of-use asset 5,564 6,461
Other long-term assets 3,949 1,067
Intangible asset, net 12,092 13,365
TOTAL ASSETS 624,363 670,775
Current Liabilities:    
Accounts payable 18,796 45,355
Accrued expenses and other current liabilities 145,399 149,104
Total current liabilities 164,195 194,459
Long-Term Liabilities:    
Long-term operating lease liability 5,255 6,080
Other long-term liabilities 11,297 10,955
Total liabilities 180,747 211,494
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Ordinary Shares, GBP 0.50 par value per share, unlimited authorized; 436,242,879 shares issued, 420,044,022 shares outstanding as of June 30, 2026; 429,847,579 shares issued, 416,214,102 shares outstanding as of December 31, 2025 314,531 310,184
Additional paid-in capital 1,923,885 1,923,801
Treasury stock; 16,198,857 shares as of June 30, 2026; 13,633,477 shares as of December 31, 2025 (69,294) (67,360)
Accumulated deficit (1,725,506) (1,707,344)
Total stockholders’ equity 443,616 459,281
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 624,363 $ 670,775