v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 313,859 $ 322,933
Accounts receivable, net 343,114 224,464
Inventories, net 42,579 27,938
Prepaid and other current assets 25,084 13,651
Total current assets 724,636 588,986
Equipment, net 943 562
Right-of-use asset - operating lease 18,284 20,858
Goodwill 12,042 12,042
Intangible asset, net 35,751 40,519
Non-current inventory and other assets 35,117 26,838
Total assets 826,773 689,805
Current liabilities:    
Accounts payable 96,075 65,537
Accrued expenses and other current liabilities 331,756 232,853
Operating lease liability, current portion 663 434
Contingent consideration, current 11,225 10,012
Short-term borrowings 70,000 70,000
Total current liabilities 509,719 378,836
Contingent consideration, non-current 63,610 77,540
Loan payable, long-term 118,069 117,746
Operating lease liability, long-term 20,748 23,182
Finance lease liability, long-term 9,193 4,206
Total liabilities 721,339 601,510
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share (10,000,000 shares authorized, none issued and outstanding)
Common stock, $0.0001 par value per share (150,000,000 shares authorized, 52,576,839 and 50,882,766 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively) 5 5
Additional paid-in capital 1,540,123 1,394,251
Accumulated deficit (1,434,694) (1,305,961)
Total stockholders’ equity 105,434 88,295
Total liabilities and stockholders’ equity $ 826,773 $ 689,805