Other Balance Sheet Accounts (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Summary of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Materials and supplies |
|
$ |
62,524 |
|
|
$ |
47,387 |
|
Advance payments to suppliers |
|
|
18,604 |
|
|
|
14,251 |
|
Inventories, net |
|
|
24,942 |
|
|
|
10,310 |
|
Prepaid expenses |
|
|
30,217 |
|
|
|
12,192 |
|
Accrued interest receivable |
|
|
17,576 |
|
|
|
18,494 |
|
Other current assets |
|
|
31,048 |
|
|
|
25,117 |
|
Total prepaid expenses and other current assets |
|
$ |
184,911 |
|
|
$ |
127,751 |
|
|
| Schedule of Other Noncurrent Assets |
Other noncurrent assets are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Strategic investments |
|
$ |
238,614 |
|
|
$ |
91,000 |
|
Prepaid research and development arrangements, net of current portion |
|
|
120,898 |
|
|
|
60,843 |
|
Other noncurrent assets |
|
|
13,168 |
|
|
|
13,548 |
|
Total other noncurrent assets |
|
$ |
372,680 |
|
|
$ |
165,391 |
|
|
| Summary of Accrued Expenses and Other Current Liabilities |
Accrued expenses and other current liabilities are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Accrued salaries and other payroll liabilities |
|
$ |
48,044 |
|
|
$ |
44,209 |
|
Acquisition purchase consideration liabilities |
|
|
6,177 |
|
|
|
5,600 |
|
Accrued professional services and transactions costs |
|
|
10,341 |
|
|
|
18,583 |
|
Accrued equipment and facilities liabilities |
|
|
16,936 |
|
|
|
11,785 |
|
Accrued expenses—other |
|
|
15,507 |
|
|
|
9,544 |
|
Total accrued expenses and other current liabilities |
|
$ |
97,005 |
|
|
$ |
89,721 |
|
|
| Summary of Other Noncurrent Liabilities |
Other noncurrent liabilities are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Deferred tax liabilities |
|
$ |
76,463 |
|
|
$ |
85,676 |
|
Acquisition purchase consideration liabilities, net of current portion |
|
|
18,245 |
|
|
|
1,684 |
|
Defined benefit pension obligation |
|
|
7,478 |
|
|
|
6,301 |
|
Other noncurrent liabilities |
|
|
1,343 |
|
|
|
1,511 |
|
Total other noncurrent liabilities |
|
$ |
103,529 |
|
|
$ |
95,172 |
|
|