v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash, cash equivalents and restricted cash $ 179,832 $ 80,213
Short-term investments 263,291 317,784
Accounts receivable, net 41,138 41,454
Inventory 45,151 45,690
Prepaid expenses and deposits 10,531 5,746
Other current assets 1,381 1,080
Total current assets 541,324 491,967
Deferred tax assets, net 178,935 176,194
Finance right-of-use lease assets 65,152 73,865
Intangible assets, net 3,378 3,761
Operating right-of-use lease assets 1,518 3,596
Property and equipment, net 1,862 2,111
Other noncurrent assets 93 93
Total assets 792,262 751,587
Current liabilities:    
Accounts payable 1,735 3,313
Accrued expenses 64,112 66,621
Finance lease liabilities, current portion 16,479 16,523
Deferred revenue 10,593 3,720
Operating lease liabilities, current portion 1,705 1,067
Other current liabilities 5,269 2,480
Total current liabilities 99,893 93,724
Finance lease liabilities, less current portion 43,943 52,322
Deferred tax benefits 23,128 0
Deferred revenue, less current portion 7,480 12,648
Operating lease liabilities, less current portion 2,009 4,900
Other noncurrent liabilities 945 6,662
Total liabilities 177,398 170,256
Commitments and contingencies (Note 5)
Shareholders' equity    
Common shares — no par value, Unlimited shares authorized, 132,907 and 132,323 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1,117,248 1,120,035
Additional paid-in capital 76,192 111,263
Accumulated other comprehensive loss (977) (599)
Accumulated deficit (577,599) (649,368)
Total shareholders' equity 614,864 581,331
Total liabilities and shareholders' equity $ 792,262 $ 751,587