v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 319,850 $ 322,933
Accounts receivable, net 277,459 224,464
Inventories, net 37,883 27,938
Prepaid and other current assets 21,377 13,651
Total current assets 656,569 588,986
Equipment, net 874 562
Right-of-use asset - operating lease 19,157 20,858
Goodwill 12,042 12,042
Intangible asset, net 37,358 40,519
Non-current inventory and other assets 35,447 26,838
Total assets 761,447 689,805
Current liabilities:    
Accounts payable 78,969 65,537
Accrued expenses and other current liabilities 299,632 232,853
Operating lease liability, current portion 646 434
Contingent consideration, current 11,199 10,012
Short-term borrowings 70,000 70,000
Total current liabilities 460,446 378,836
Contingent consideration, non-current 69,135 77,540
Loan payable, long-term 117,958 117,746
Operating lease liability, long-term 21,574 23,182
Finance lease liability, long-term 9,030 4,206
Total liabilities 678,143 601,510
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share (10,000,000 shares authorized, none issued and outstanding)
Common stock, $0.0001 par value per share (150,000,000 shares authorized, 52,299,889 and 50,882,766 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively) 5 5
Additional paid-in capital 1,505,116 1,394,251
Accumulated deficit (1,421,817) (1,305,961)
Total stockholders’ equity 83,304 88,295
Total liabilities and stockholders’ equity $ 761,447 $ 689,805