v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 192,240 $ 97,183
Restricted cash 1,364 1,400
Accounts receivable, net 159,820 233,900
Inventories 264,533 303,336
Prepaid expenses and other current assets 28,891 29,639
Total current assets 646,848 665,458
Restricted cash, noncurrent 252 250
Property and equipment, net 30,367 31,514
Goodwill 357,417 357,765
Intangible assets, net 106,489 125,210
Other assets 74,892 73,587
Total assets 1,216,265 1,253,784
Current liabilities:    
Debt maturing within one year, net 6,123 6,120
Accounts payable 178,796 212,547
Other liabilities and accrued expenses 184,230 212,275
Total current liabilities 369,149 430,942
Long-term debt, net 112,160 115,222
Deferred tax liabilities 3,607 6,071
Other liabilities, noncurrent 50,997 55,795
Total liabilities 535,913 608,030
Commitments and Contingencies (Note 7)
Temporary equity    
Redeemable noncontrolling interest 15,498 12,197
Stockholders' equity    
Preferred stock, $0.0001 par value: 5,000 shares authorized, nil and nil shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value: 300,000 shares authorized, 108,168 and 106,639 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 11 11
Additional paid-in capital 718,771 705,361
Accumulated deficit (52,538) (71,230)
Accumulated other comprehensive loss (1,390) (585)
Total stockholders' equity 664,854 633,557
Total liabilities, temporary equity and stockholders' equity $ 1,216,265 $ 1,253,784