v3.26.1
Inventory
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventory
5. Inventory
The Company's inventory balance consists of the following (in thousands):
As of
June 30, 2026December 31, 2025
Raw materials$39,820 $30,623 
Work-in-process40,351 41,346 
Finished goods62,213 60,099 
$142,384 $132,068 
Inventory is stated at the lower of cost and net realizable value and consists of raw materials, work-in-process and finished goods. The Company has not recorded any significant inventory write-downs. The Company currently uses a limited number of third-party contract manufacturing organizations (CMOs) to produce its inventory.