v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 196,576 $ 79,381
Accounts receivable, net 36,246 29,783
Inventory 8,156 9,624
Prepaid expenses and other current assets 4,022 4,895
Total current assets 245,506 123,841
Property, plant and equipment, net 2,412 2,519
Operating lease right-of-use asset, net 11,357 12,302
Restricted cash 1,220 1,220
Equity investments, at fair value 29,451 17,660
Intangible assets, net 25,510 27,605
Other assets 1,259 401
Total assets 316,715 185,548
Current liabilities    
Accounts payable and accrued expenses 49,325 47,125
Income taxes payable 5,179 356
Common stock warrant liabilities 0 1
Operating lease liabilities, short-term 2,246 2,127
Partner company notes payable, short-term 5,000 0
Other current liabilities 268 135
Total current liabilities 62,018 49,744
Notes payable, long-term 34,602 52,417
Operating lease liabilities, long-term 11,468 12,672
Partner company redeemable perpetual preferred liability 0 7,085
Other long-term liabilities 2,541 1,447
Total liabilities 110,629 123,365
Commitments and contingencies (Note 14)
Stockholders' equity (deficit)    
Cumulative redeemable perpetual preferred stock, $0.001 par value, 15,000,000 authorized, 5,000,000 designated Series A shares, 3,427,138 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively, liquidation value of $25.00 per share 3 3
Common stock, $0.001 par value, 200,000,000 shares authorized, 33,311,012 and 31,364,094 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 33 31
Additional paid-in-capital 788,251 783,891
Accumulated deficit (624,147) (734,052)
Total stockholders' equity attributed to the Company 164,140 49,873
Non-controlling interests 41,946 12,310
Total stockholders' equity 206,086 62,183
Total liabilities and stockholders' equity 316,715 185,548
Related party    
Current assets    
Other receivables $ 506 $ 158