v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 61,003 $ 63,707
Investments 175,870 215,799
Accounts receivable, net 31,104 35,448
Inventory, net 61,084 49,285
Prepaid expenses and other current assets 9,545 10,793
Short-term restricted cash 33 20
Total current assets 338,639 375,052
Property and equipment, net 26,972 24,146
Operating lease right-of-use assets, net 40,331 41,695
Long-term restricted cash 1,571 1,532
Intangible assets, net 13,084 15,124
Goodwill 317,761 317,761
Other long-term assets 13,492 8,773
Total assets 751,850 784,083
Current liabilities    
Accounts payable 19,224 20,770
Accrued expenses 30,322 33,646
Deferred revenue, current 16,103 15,936
Operating lease liabilities, current 1,371 448
Other liabilities, current 1,786 2,031
Total current liabilities 68,806 72,831
Deferred revenue, non-current 3,339 3,929
Operating lease liabilities, non-current 60,424 56,592
Convertible senior notes, net, non-current 644,332 645,382
Other liabilities, non-current 8,162 0
Total liabilities 785,063 778,734
Commitments and contingencies
Stockholders’ (deficit) equity    
Preferred stock 0 0
Common stock 311 302
Additional paid-in capital 2,715,297 2,699,892
Accumulated other comprehensive (loss) income (503) 457
Accumulated deficit (2,748,318) (2,695,302)
Total stockholders’ (deficit) equity (33,213) 5,349
Total liabilities and stockholders’ (deficit) equity $ 751,850 $ 784,083