v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 325,553 $ 167,865
Accounts receivable, net 9,543 26,155
Inventory 73,389 23,452
Prepaid inventory 11,455 6,942
Prepaid expenses and other current assets 5,173 2,524
Total current assets 425,113 226,938
Goodwill 45,255 17,671
Intangible assets, net 22,038 6,919
Property and equipment, net 19,090 7,797
Other long-term assets 2,776 1,227
Operating lease right-of-use assets 13,215 13,125
Total long-term assets 102,374 46,739
TOTAL ASSETS 527,487 273,677
Current liabilities    
Accounts payable 12,778 3,619
Accrued expenses 7,835 5,087
Debt obligations - short-term 892 350
Contract liabilities and deposits 258 261
Operating lease liabilities 1,447 1,011
Acquisition consideration payable 5,404 0
Convertible notes payable 0 4,518
Total current liabilities 28,614 14,846
Deferred income taxes 3,072 443
Operating lease liabilities 12,534 12,556
Acquisition consideration payable 12,092 0
Total long-term liabilities 27,698 12,999
Total liabilities 56,312 27,845
Stockholders’ equity    
Series B preferred stock, $0.001 par value - shares authorized 4,300,000; issued and outstanding 4,676 and 4,676 0 0
Common stock, $0.001 par value - shares authorized 500,000,000; issued and outstanding 120,070,244 and 85,215,136 153 120
Additional paid-in capital 729,654 442,532
Accumulated deficit (258,632) (196,820)
Total stockholders’ equity 471,175 245,832
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 527,487 $ 273,677