| Balance Sheet Components |
5.BALANCE SHEET COMPONENTS Property and Equipment, Net The following summarizes property and equipment, net as of September 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Equipment |
$ |
165,935 |
|
|
$ |
143,651 |
|
Leasehold improvements |
|
69,023 |
|
|
|
64,791 |
|
Furniture and fixtures |
|
7,547 |
|
|
|
6,976 |
|
Building |
|
1,234 |
|
|
|
1,234 |
|
Land |
|
9,850 |
|
|
|
9,850 |
|
Total property and equipment, gross |
|
253,589 |
|
|
|
226,502 |
|
Less: accumulated depreciation |
|
(158,403 |
) |
|
|
(137,346 |
) |
Property and equipment, net |
$ |
95,186 |
|
|
$ |
89,156 |
|
Depreciation expense on property and equipment is classified as follows in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Cost of revenue, diagnostics |
$ |
3,984 |
|
|
$ |
3,939 |
|
|
$ |
11,375 |
|
|
$ |
11,574 |
|
Cost of revenue, data and applications |
|
— |
|
|
|
145 |
|
|
|
— |
|
|
|
428 |
|
Selling, general and administrative costs |
|
3,354 |
|
|
|
4,036 |
|
|
|
10,513 |
|
|
|
12,348 |
|
Total depreciation |
$ |
7,338 |
|
|
$ |
8,120 |
|
|
$ |
21,888 |
|
|
$ |
24,350 |
|
Accrued Expenses Accrued expenses as of September 30, 2026 and December 31, 2025, consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Accrued compensation and employee benefits |
$ |
50,065 |
|
|
$ |
38,119 |
|
Accrued expenses |
|
111,973 |
|
|
|
72,553 |
|
Accrued cloud storage costs |
|
69,735 |
|
|
|
41,870 |
|
Interest payable |
|
1,203 |
|
|
|
2,828 |
|
Total accrued expenses |
$ |
232,976 |
|
|
$ |
155,370 |
|
|