v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 571,148 $ 801,282
Short-term investments 217,341 138,368
Accounts receivable, net 376,824 398,233
Inventory 904,273 914,744
Manufacturing-related deposits and prepaids 48,454 113,455
Other current assets 105,784 171,856
Total current assets 2,223,824 2,537,938
Property and equipment, net 325,991 345,125
Right of use assets 120,847 125,495
Non-current inventory 226,333 184,543
Non-current investments 145,372 1,048
Other non-current assets 146,145 155,554
Total assets 3,188,512 3,349,703
Current liabilities:    
Accounts payable 50,982 280,841
Accrued expenses 325,232 359,659
Deferred revenue, current portion 110,132 443,397
Other current liabilities 16,562 11,393
Total current liabilities 502,908 1,095,290
Long-term debt 847,623 828,974
Lease liabilities, net of current portion 198,226 199,378
Deferred revenue, net of current portion 110,132 83,910
Other non-current liabilities 1,825 1,529
Total liabilities 1,660,714 2,209,081
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 3,333,333 shares authorized; none issued and outstanding 0 0
Common stock, $0.0001 par value, 198,000,000 shares authorized; 106,279,142 and 105,623,500 issued and outstanding, respectively, at June 30, 2026 and 105,615,096 and 104,964,220 issued and outstanding, respectively, at December 31, 2025 11 11
Treasury stock, at cost, 655,642 and 650,876 shares at March 31, 2026 and December 31, 2025, respectively (25,263) (25,263)
Additional paid-in capital 6,104,530 6,042,586
Accumulated other comprehensive income (loss), net of tax (565) 272
Accumulated deficit (4,550,915) (4,876,984)
Total stockholders’ equity 1,527,798 1,140,622
Total liabilities and stockholders’ equity $ 3,188,512 $ 3,349,703