v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 156,512 $ 134,660
Restricted cash 201 201
Short-term investments 166,867 167,929
Accounts receivable, net 111,573 126,832
Inventory 158,850 195,910
Prepaid and other current assets 18,872 24,350
Total current assets 612,875 649,882
Operating lease right-of-use asset 6,082 6,461
Other long-term assets 3,669 1,067
Intangible asset, net 11,455 13,365
TOTAL ASSETS 634,081 670,775
Current Liabilities:    
Accounts payable 40,429 45,355
Accrued expenses and other current liabilities 134,707 149,104
Total current liabilities 175,136 194,459
Long-Term Liabilities:    
Long-term operating lease liability 5,353 6,080
Other long-term liabilities 9,180 10,955
Total liabilities 189,669 211,494
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Ordinary Shares, GBP 0.50 par value per share, unlimited authorized; 438,870,579 shares issued, 421,632,722 shares outstanding as of September 30, 2026; 429,847,579 shares issued, 416,214,102 shares outstanding as of December 31, 2025 316,272 310,184
Additional paid-in capital 1,923,521 1,923,801
Treasury stock; 17,237,857 shares as of September 30, 2026; 13,633,477 shares as of December 31, 2025 (70,120) (67,360)
Accumulated deficit (1,725,261) (1,707,344)
Total stockholders’ equity 444,412 459,281
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 634,081 $ 670,775