v3.26.1
Condensed Consolidated Balance Sheet Components (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Inventory consists of the following (in thousands):
As of
June 30, 2026December 31, 2025
Raw materials$52 $84 
Work-in-progress98,694 35,752 
Finished goods15,035 23,143 
Total inventory$113,781 $58,979 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
As of
June 30, 2026December 31, 2025
Income tax receivable$60,256 $7,450 
Other 32,431 23,583 
Total prepaid expenses and other current assets$92,687 $31,033 
Schedule of Property and Equipment, Net
Property and equipment, net consists of the following (in thousands):
As of
June 30, 2026December 31, 2025
Construction in progress$48,365 $40,510 
Laboratory equipment36,047 21,603 
Production and manufacturing equipment35,000 28,171 
Leasehold improvements15,491 11,439 
Other3,742 2,037 
Property and equipment, gross138,645 103,760 
Less: accumulated depreciation(19,361)(11,722)
Total property and equipment, net$119,284 $92,038 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
As of
June 30, 2026December 31, 2025
Accrued compensation and benefits$42,254 $46,510 
Accrued software license costs11,068 7,632 
Holdback in connection with acquisitions
6,559 1,559 
Accrued production equipment13,509 13,500 
Other current liabilities36,987 21,479 
Total accrued expenses and other current liabilities$110,377 $90,680 
Schedule of Supplemental Cash Flow Information
The following table provides supplemental non-cash investing and financing activities (in thousands):
Six Months Ended June 30,
20262025
Right-of-use (“ROU”) assets obtained in exchange for lease obligations$15,980 $20,968 
Purchases of property and equipment in accounts payable, accrued expenses and other current liabilities$27,266 $14,159