v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 284,181 $ 190,680
Accounts receivable, net 108,584 54,093
Inventory 36,177 23,802
Prepaid expenses and other current assets 8,766 4,826
Total current assets 437,708 273,401
Property, plant and equipment, net 34,555 11,844
Operating lease right-of-use assets, net 4,065 3,949
Indemnification asset, related party 8,547 8,392
Contract acquisition costs, net 6,572 6,818
Intangible asset, net 2,845 2,952
Goodwill 3,903 3,903
Deferred tax assets, net 914  
Restricted cash 3,504 3,504
Other assets 19,305 13,171
Total assets 521,918 327,934
Current liabilities:    
Accounts payable 12,748 3,678
Accrued expenses and other current liabilities 121,699 73,197
Long-term debt, current 53,952 58,406
Operating and finance lease liabilities, current 899 487
Total current liabilities 189,298 135,768
Litigation finance payable 8,547 8,384
Long-term debt, noncurrent 122,153 132,935
Operating and finance lease liabilities, noncurrent 5,892 6,099
Long-term tax liability 914  
Total liabilities 326,804 283,186
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock - 10,000,000 shares authorized, none outstanding
Common stock - $0.001 par value, 115,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively, 89,099,459 and 87,204,137 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 89 87
Additional paid-in capital 693,754 670,974
Accumulated deficit (498,729) (626,313)
Total stockholders' equity 195,114 44,748
Total liabilities and stockholders' equity $ 521,918 $ 327,934