v3.26.3
Condensed Consolidated Balance Sheet Components (Tables)
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Inventory consists of the following (in thousands):
As of
September 30, 2026December 31, 2025
Raw materials$68 $84 
Work-in-progress160,735 35,752 
Finished goods40,090 23,143 
Total inventory$200,893 $58,979 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
As of
September 30, 2026December 31, 2025
Income tax receivable$51,673 $7,450 
Other 40,157 23,583 
Total prepaid expenses and other current assets$91,830 $31,033 
Schedule of Property and Equipment, Net
Property and equipment, net consists of the following (in thousands):
As of
September 30, 2026December 31, 2025
Construction in progress$65,609 $40,510 
Production and manufacturing equipment55,380 28,171 
Laboratory equipment46,525 21,603 
Leasehold improvements13,896 11,439 
Other13,706 2,037 
Property and equipment, gross195,116 103,760 
Less: accumulated depreciation(24,403)(11,722)
Total property and equipment, net$170,713 $92,038 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
As of
September 30, 2026December 31, 2025
Accrued compensation and benefits$62,751 $46,510 
Accrued production equipment19,266 13,500 
Accrued software license costs12,820 7,632 
Other current liabilities51,915 23,038 
Total accrued expenses and other current liabilities$146,752 $90,680 
Schedule of Supplemental Cash Flow Information
The following table provides supplemental non-cash investing and financing activities (in thousands):
Nine Months Ended September 30,
20262025
Right-of-use (“ROU”) assets obtained in exchange for lease obligations$18,311 $21,347 
Purchases of property and equipment in accounts payable, accrued expenses and other current liabilities$38,427 $13,740