v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 117,735 $ 93,035
Marketable debt securities, at fair value 371,442 229,761
Accounts receivable, net 80,636 80,134
Inventory 7,835 5,875
Prepaid expenses and other current assets 37,493 28,760
Total current assets 615,141 437,565
Long-term inventory 32,214 30,280
Property and equipment, net 3,231 4,022
Operating lease right of use assets 8,745 10,576
Intangible assets, net 131,518 113,868
Other assets 8,511 8,880
Total assets 799,360 605,191
Current liabilities:    
Accounts payable 7,495 24,800
Accrued expenses 136,267 126,035
Operating lease liabilities, current portion 6,163 5,875
Other current liabilities 2,100 3,194
Total current liabilities 152,025 159,904
Convertible debt 602,781 311,724
Operating lease liabilities, less current portion 7,961 11,134
Other non-current liabilities 12,071 7,601
Total liabilities 774,838 490,363
Commitments and Contingencies (See Note 13)
Stockholders' Equity:    
Preferred stock $0.0001 par value; 20,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock $0.0001 par value; 200,000,000 shares authorized; 94,174,767 and 90,922,868 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 9 9
Additional paid-in capital 1,570,242 1,588,721
Accumulated deficit (1,544,612) (1,472,713)
Accumulated other comprehensive loss (1,117) (1,189)
Total stockholders' equity 24,522 114,828
Total liabilities and stockholders' equity $ 799,360 $ 605,191