v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 34,121 $ 42,907
Restricted cash 308 308
Marketable securities 204,431 178,075
Trade receivables, net 155,162 146,229
Inventory 38,879 22,634
Prepaid expenses and other current assets 34,770 21,079
Total current assets 467,671 411,232
Property, plant, and equipment, net 872 1,043
Intangible assets, net 13,687 14,812
Operating lease right-of-use asset 4,253 4,467
Other assets 2,054 1,419
Total assets 488,537 432,973
Current liabilities:    
Accounts payable 6,604 12,528
Current portion of long-term debt, net 6,950 1,000
Accrued and other current liabilities 146,786 116,310
Total current liabilities 160,340 129,838
Operating lease liability, long-term 5,237 5,266
Long-term debt, net 101,950 107,959
Other long-term liabilities 431 431
Total liabilities 267,958 243,494
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; 300,000 shares authorized at June 30, 2026 and December 31, 2025; 125,591 and 123,333 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 12 12
Additional paid-in capital 1,355,593 1,327,595
Accumulated other comprehensive income (loss) (656) (44)
Accumulated deficit (1,134,370) (1,138,084)
Total stockholders’ equity 220,579 189,479
Total liabilities and stockholders’ equity $ 488,537 $ 432,973