v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash, cash equivalents, and restricted cash $ 206,074 $ 232,673
Accounts receivable, net of allowances for estimated credit losses of $3,652 and $6,022 at June 30, 2026 and December 31, 2025, respectively 17,640 21,741
Inventories 46,842 48,012
Income tax receivable 1,992 1,696
Prepaid expenses and other current assets 22,693 5,395
Total current assets 295,241 309,517
Property and equipment, net 2,088 2,538
Right-of-use assets, net 19,397 11,570
Intangible assets, net 30,218 35,763
Goodwill 126,349 126,621
Deferred income tax assets, net 2,350 1,925
Other assets 10,930 11,869
TOTAL ASSETS 486,573 499,803
Current liabilities:    
Current portion of convertible senior notes, net 103,089 123,959
Accounts payable 16,051 15,631
Accrued payroll-related expenses 13,114 24,947
Lease liabilities, current 3,857 5,128
Income tax payable 482 1,226
Other accrued expenses 31,605 15,384
Total current liabilities 168,198 186,275
Lease liabilities, non-current 17,975 9,238
Deferred income tax liabilities, net 393 393
Convertible senior notes, net 242,120 240,431
Other long-term liabilities 2,319 2,410
Total liabilities 431,005 438,747
Commitments and Contingencies (Note 6)
Stockholders’ equity:    
Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 130,104,671 and 127,520,823 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 13 13
Additional paid-in capital 583,737 579,961
Accumulated other comprehensive loss (1,399) (1,434)
Accumulated deficit (526,783) (517,484)
Total stockholders’ equity 55,568 61,056
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 486,573 $ 499,803