v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 123,542 $ 93,035
Marketable debt securities, at fair value 348,276 229,761
Accounts receivable, net 107,528 80,134
Inventory 10,516 5,875
Prepaid expenses and other current assets 43,584 28,760
Total current assets 633,446 437,565
Long-term inventory 33,287 30,280
Property and equipment, net 2,724 4,022
Operating lease right of use assets 7,807 10,576
Intangible assets, net 164,108 113,868
Other assets 6,857 8,880
Total assets 848,229 605,191
Current liabilities:    
Accounts payable 15,284 24,800
Accrued expenses 187,216 126,035
Operating lease liabilities, current portion 6,312 5,875
Other current liabilities 2,100 3,194
Total current liabilities 210,912 159,904
Convertible debt 603,510 311,724
Operating lease liabilities, less current portion 6,333 11,134
Other non-current liabilities 4,890 7,601
Total liabilities 825,645 490,363
Commitments and Contingencies (See Note 13)
Stockholders' Equity:    
Preferred stock $0.0001 par value; 20,000,000 shares authorized; no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock $0.0001 par value; 200,000,000 shares authorized; 95,673,465 and 90,922,868 issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 9 9
Additional paid-in capital 1,621,570 1,588,721
Accumulated deficit (1,596,949) (1,472,713)
Accumulated other comprehensive loss (2,046) (1,189)
Total stockholders' equity 22,584 114,828
Total liabilities and stockholders' equity $ 848,229 $ 605,191