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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 310,143 $ 336,650
Accounts receivable 142,026 97,722
Inventory 43,380 46,554
Prepaid expenses and other current assets 10,369 16,290
Total current assets 505,918 497,216
Property, plant and equipment, net 311,244 285,970
Operating lease right-of-use assets 6,007 6,481
Restricted cash 500 500
Goodwill 11,549 11,549
Acquired intangible assets, net 2,101 2,152
Other non-current assets 211 208
Total assets 837,530 804,076
Current liabilities:    
Accounts payable 10,595 10,292
Accrued expenses and other current liabilities 40,139 45,152
Deferred revenue 2,078 1,742
Operating lease liabilities 2,791 2,727
Total current liabilities 55,603 59,913
Convertible senior notes, net 450,650 449,939
Long-term debt, net 59,448 59,372
Operating lease liabilities, net of current portion 5,521 6,249
Total liabilities 571,222 575,473
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, no par value; 25,000,000 shares authorized; no shares issued or outstanding
Common stock, no par value; 150,000,000 shares authorized; 33,827,880 shares and 33,617,972 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 709,194 697,208
Accumulated other comprehensive loss (327) (364)
Accumulated deficit (442,559) (468,241)
Total stockholders' equity 266,308 228,603
Total liabilities and stockholders' equity $ 837,530 $ 804,076