v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 82,776 $ 325,927
Accounts receivable, net 158,095 64,363
Inventories 203,265 139,634
Prepaid expenses and other current assets 52,252 34,049
Total current assets 496,388 563,973
Property, plant and equipment, net 109,215 85,138
Operating lease right-of-use assets 41,351 30,152
Finance lease right-of-use assets 5,223 5,713
Goodwill 1,365,724 1,065,211
Intangible assets, net 1,223,535 899,323
Other assets, net 3,322 3,497
Total assets 3,244,758 2,653,007
Current liabilities:    
Accrued expenses and other current liabilities 67,062 47,212
Deferred revenue 26,413 1,879
Total current liabilities 316,399 175,118
Long-term debt, net 1,210,247 669,122
Operating lease liabilities, net of current portion 36,370 27,860
Finance lease liabilities, net of current portion 5,367 5,694
Deferred income taxes 77,997 80,410
Founders advisory fees payable - related party 452,617 440,697
Other non-current liabilities 4,661 3,590
Total liabilities 2,223,140 1,519,688
Equity:    
Common stock, $0.0001 par value per share 19 17
Treasury stock, at cost (168,197) (168,197)
Additional paid-in capital 2,113,652 2,100,958
Accumulated other comprehensive loss (22,068) (6,370)
Accumulated deficit (901,788) (793,089)
Total equity 1,021,618 1,133,319
Total liabilities and equity 3,244,758 2,653,007
Nonrelated Party    
Current liabilities:    
Accounts payable 44,967 30,301
Preferred stock 118,962 115,904
Related Party    
Current liabilities:    
Accounts payable 177,957 95,726
Preferred stock 520 1,293
Customer lists, net    
Current assets:    
Intangible assets, net 904,934 628,189
Technology and patents, net    
Current assets:    
Intangible assets, net 195,537 184,804
Tradenames, net    
Current assets:    
Intangible assets, net $ 123,064 $ 86,330