v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 246,679 $ 236,012
Marketable securities 344,595 347,751
Accounts receivable, net 84,274 75,706
Inventory 22,513 21,634
Prepaid expenses and other current assets 57,893 21,662
Total current assets 755,954 702,765
Property and equipment, net 165,308 151,599
Operating lease right-of-use assets 38,794 41,827
Restricted cash 8,358 8,358
Goodwill 862 862
Long-term strategic investments 73,682 69,913
Other assets 50,468 44,718
Total assets 1,093,426 1,020,042
Current liabilities:    
Accounts payable 17,411 2,256
Accrued liabilities 157,570 128,747
Deferred revenue 4,205 4,201
Operating lease liabilities, current portion 16,912 16,686
Total current liabilities 196,098 151,890
Long-term senior convertible notes 651,096 649,504
Other noncurrent liabilities 908 908
Operating lease liabilities, noncurrent portion 59,341 64,994
Total liabilities 907,443 867,296
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.001 par value – 5,000 shares authorized; none issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value – 100,000 shares authorized; 33,173 shares issued and 32,944 shares outstanding at June 30, 2026, and 32,526 shares issued and 32,297 shares outstanding at December 31, 2025 33 32
Additional paid-in capital 1,028,898 980,757
Accumulated other comprehensive (loss) income (188) 403
Accumulated deficit (817,760) (803,446)
Treasury stock, at cost; 229 shares at June 30, 2026 and December 31, 2025 (25,000) (25,000)
Total stockholders’ equity 185,983 152,746
Total liabilities and stockholders’ equity $ 1,093,426 $ 1,020,042