v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 380,398 $ 474,318
Marketable securities 551,448 1,038,536
Accounts receivable, net of allowances of $1,264 and $580 at September 30, 2026 and December 31, 2025, respectively 249,939 229,881
Inventory 243,707 288,047
Prepaid expenses and other current assets 457,335 576,078
Total current assets 1,882,827 2,606,860
Property and equipment, net 133,717 136,804
Intangible assets, net 8,603 22,288
Goodwill 213,087 214,760
Other assets 317,185 222,677
Deferred tax assets, net 321,619 306,403
Total assets 2,877,038 3,509,792
Current liabilities:    
Accounts payable 100,613 203,039
Accrued liabilities 161,931 217,366
Deferred revenues, current 170,565 180,524
Warranty obligations, current 26,990 29,038
Debt, current 0 632,183
Total current liabilities 460,099 1,262,150
Long-term liabilities:    
Deferred revenues, non-current 355,141 337,923
Warranty obligations, non-current 177,021 185,005
Other liabilities 69,578 65,497
Debt, non-current 573,163 572,194
Total liabilities 1,635,002 2,422,769
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.00001 par value, 300,000 shares authorized; and 132,301 shares and 131,080 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 1,404,986 1,289,164
Accumulated deficit (151,836) (203,896)
Accumulated other comprehensive income (loss) (11,115) 1,754
Total stockholders’ equity 1,242,036 1,087,023
Total liabilities and stockholders’ equity $ 2,877,038 $ 3,509,792