v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 328,888 $ 35,548
Restricted cash 2,000 4,000
Investments 19,180 5,980
Accounts receivable, net of allowance for doubtful accounts of $770 and $948, respectively 34,008 26,169
Inventory 49,063 42,373
Prepaid expenses and other assets 4,953 6,352
Total current assets 438,092 120,422
Property and equipment, net 81,946 81,783
Operating lease right-of-use assets 13,394 12,732
Intangible assets, net 7,910 6,750
Other assets, net 8,997 0
Total assets 550,339 221,687
Current liabilities    
Accounts payable and accrued expenses 34,626 21,184
Current maturities of long-term lease obligations 1,830 2,372
Total current liabilities 36,456 23,556
Long-term debt, net of debt discount and financing fees 0 48,387
Long-term lease obligations 17,639 16,870
Debt derivative liabilities 0 3,886
Other long-term liabilities 141 141
Total liabilities 54,236 92,840
Commitments and contingencies - see Note 15
Shareholders’ equity    
Common stock, $0.01 par value per share; 100,000,000 shares authorized; 59,724,524 and 47,199,797 shares issued and outstanding, respectively 597 472
Additional paid-in capital 821,235 435,338
Accumulated deficit (325,729) (306,963)
Total shareholders’ equity 496,103 128,847
Total liabilities and shareholders’ equity $ 550,339 $ 221,687