v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 472,675 $ 488,366
Accounts receivable 104,138 84,282
Inventory 54,137 48,881
Prepaid expenses and other current assets 20,174 16,254
Total current assets 651,124 637,783
Property, plant and equipment, net 365,302 327,656
Finance lease right-of-use assets, net 332,472  
Operating lease right-of-use assets, net 4,646 5,155
Deferred tax assets 78,677 83,543
Restricted cash 18,438 500
Goodwill 11,549 11,549
Acquired intangible assets, net 0 1,948
Other non-current assets 2,188 239
Total assets 1,464,396 1,068,373
Current liabilities:    
Accounts payable 12,909 10,350
Accrued expenses and other current liabilities 58,598 62,740
Current portion of long-term debt 20,000 10,000
Deferred revenue 3,130 2,905
Operating lease liabilities 3,646 3,310
Total current liabilities 98,283 89,305
Convertible senior notes, net 454,260 452,804
Long-term debt, net 39,743 49,587
Finance lease liability 347,660  
Operating lease liabilities, net of current portion 2,411 3,577
Other long-term liabilities 3,986  
Total liabilities 946,343 595,273
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, no par value; 25,000,000 shares authorized; no shares issued or outstanding
Common stock, no par value; 150,000,000 shares authorized; 34,629,682 shares and 34,267,802 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 774,216 750,926
Accumulated other comprehensive income (loss) (210) 124
Accumulated deficit (255,953) (277,950)
Total stockholders' equity 518,053 473,100
Total liabilities and stockholders' equity $ 1,464,396 $ 1,068,373