v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 307,302 $ 244,388
Restricted cash 0 1,596
Accounts receivable, net of allowance of $5,895 and $6,245, respectively 323,439 271,578
Inventories, net 156,469 150,374
Prepaid expenses and other 104,576 201,108
Total current assets 891,786 869,044
Property, plant and equipment, net 68,180 58,225
Lease assets 92,380 97,088
Goodwill 135,173 135,173
Other intangible assets, net 212,472 238,579
Deferred income tax assets 24,843 23,965
Other assets 109,202 29,718
Total assets 1,534,036 1,451,792
Current liabilities    
Accounts payable 161,092 143,994
Accrued expenses 101,501 54,289
Income tax payable 3,839 4,687
Current portion of deferred revenue 105,103 128,433
Current portion of contingent consideration 10,975 14,551
Current portion of warranty liability 12,390 10,844
Current portion of lease liabilities 7,411 7,662
Current portion of debt 0 10,315
Other current liabilities 3,451 2,237
Total current liabilities 405,762 377,012
Deferred income tax liabilities 20,374 22,133
Deferred revenue, net of current portion 45,385 16,794
Contingent consideration, net of current portion 13,596 12,739
Warranty liability, net of current portion 5,863 5,466
Lease liabilities, net of current portion 87,726 89,552
Long-term debt, net of current portion 657,749 658,664
Other long-term liabilities 1,488 9,044
Total liabilities 1,237,943 1,191,404
Commitments and contingencies (Note 12)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value; 500,000 authorized; 400,0001 and 490,829 shares issued as of June 30, 2026 and December 31, 2025, respectively; liquidation preference of $506.4 million and $493.1 million at each date, respectively 498,173 466,728
Stockholders’ equity    
Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued at respective dates 0 0
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 153,972,487 and 152,779,614 shares issued at respective dates 155 152
Additional paid-in capital 203,156 226,848
Accumulated deficit (396,516) (422,859)
Accumulated other comprehensive loss (8,875) (10,481)
Total stockholders’ equity (202,080) (206,340)
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,534,036 $ 1,451,792