Other Balance Sheet Accounts (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Summary of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Materials and supplies |
|
$ |
100,076 |
|
|
$ |
47,387 |
|
Advance payments to suppliers |
|
|
20,787 |
|
|
|
14,251 |
|
Inventories, net |
|
|
35,281 |
|
|
|
10,310 |
|
Prepaid expenses |
|
|
33,511 |
|
|
|
12,192 |
|
Strategic investments |
|
|
71,598 |
|
|
|
— |
|
Accrued interest receivable |
|
|
14,126 |
|
|
|
18,494 |
|
Prepaid research and development arrangements |
|
|
14,175 |
|
|
|
7,154 |
|
Other current assets |
|
|
28,365 |
|
|
|
17,963 |
|
Total prepaid expenses and other current assets |
|
$ |
317,919 |
|
|
$ |
127,751 |
|
|
| Schedule of Other Noncurrent Assets |
Other noncurrent assets are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Strategic investments |
|
$ |
178,135 |
|
|
$ |
91,000 |
|
Prepaid research and development arrangements, net of current portion |
|
|
117,354 |
|
|
|
60,843 |
|
Operating lease right-of-use assets |
|
|
76,899 |
|
|
|
22,724 |
|
Investment tax credit receivable, net of current portion |
|
|
19,778 |
|
|
|
— |
|
Materials and supplies, net of current portion(1) |
|
|
10,431 |
|
|
|
— |
|
Other noncurrent assets |
|
|
21,149 |
|
|
|
13,548 |
|
Total other noncurrent assets |
|
$ |
423,746 |
|
|
$ |
188,115 |
|
(1)Materials and supplies, net of current portion consists of spare parts that will not be used within twelve months.
|
| Summary of Accrued Expenses and Other Current Liabilities |
Accrued expenses and other current liabilities are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Accrued salaries and other payroll liabilities |
|
$ |
93,809 |
|
|
$ |
44,209 |
|
Accrued vendor purchase commitments |
|
|
21,542 |
|
|
|
— |
|
Acquisition purchase consideration liabilities |
|
|
3,142 |
|
|
|
5,600 |
|
Current portion of operating lease liabilities |
|
|
14,034 |
|
|
|
8,850 |
|
Current portion of finance lease liabilities |
|
|
2,305 |
|
|
|
— |
|
Accrued professional services and transaction costs |
|
|
10,934 |
|
|
|
18,583 |
|
Accrued equipment and facilities liabilities |
|
|
14,516 |
|
|
|
11,785 |
|
Accrued expenses—other |
|
|
14,986 |
|
|
|
9,544 |
|
Total accrued expenses and other current liabilities |
|
$ |
175,268 |
|
|
$ |
98,571 |
|
|
| Summary of Other Noncurrent Liabilities |
Other noncurrent liabilities are composed of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Deferred tax liabilities |
|
$ |
67,522 |
|
|
$ |
85,676 |
|
Acquisition purchase consideration liabilities, net of current portion |
|
|
842 |
|
|
|
1,684 |
|
Defined benefit pension obligation |
|
|
7,269 |
|
|
|
6,301 |
|
Operating lease liabilities, net of current portion |
|
|
46,218 |
|
|
|
21,171 |
|
Finance lease liabilities, net of current portion |
|
|
26,087 |
|
|
|
— |
|
Other noncurrent liabilities |
|
|
4,082 |
|
|
|
1,511 |
|
Total other noncurrent liabilities |
|
$ |
152,020 |
|
|
$ |
116,343 |
|
|