v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 209,396 $ 167,611
Marketable securities 1,168,847 1,021,205
Accounts receivable, net 284,253 83,202
Inventory 200,893 58,979
Prepaid expenses and other current assets 91,830 31,033
Total current assets 1,955,219 1,362,030
Property and equipment, net 170,713 92,038
Goodwill 91,557 19,015
Other assets 82,844 58,740
Total assets 2,300,333 1,531,823
Current liabilities    
Accounts payable 96,828 42,362
Accrued expenses and other current liabilities 146,752 90,680
Total current liabilities 243,580 133,042
Other liabilities 57,285 35,147
Total liabilities 300,865 168,189
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 174,752 and 170,186 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 17 17
Additional paid-in capital 1,585,959 1,348,969
Accumulated other comprehensive (loss) income (13,188) 4,310
Retained earnings 426,680 10,338
Total stockholders’ equity 1,999,468 1,363,634
Total liabilities and stockholders’ equity $ 2,300,333 $ 1,531,823