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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 466,174 $ 336,650
Accounts receivable 80,702 97,722
Inventory 44,506 46,554
Prepaid expenses and other current assets 21,614 16,290
Total current assets 612,996 497,216
Property, plant and equipment, net 313,022 285,970
Operating lease right-of-use assets 5,740 6,481
Restricted cash 500 500
Goodwill 11,549 11,549
Acquired intangible assets, net 1,999 2,152
Other non-current assets 226 208
Total assets 946,032 804,076
Current liabilities:    
Accounts payable 12,162 10,292
Accrued expenses and other current liabilities 56,016 45,152
Current portion of long-term debt 5,000  
Deferred revenue 3,305 1,742
Operating lease liabilities 3,238 2,727
Total current liabilities 79,721 59,913
Convertible senior notes, net 452,082 449,939
Long-term debt, net 54,603 59,372
Operating lease liabilities, net of current portion 4,426 6,249
Total liabilities 590,832 575,473
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; 34,144,976 shares and 33,617,972 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 738,432 697,208
Accumulated other comprehensive income (loss) 101 (364)
Accumulated deficit (383,333) (468,241)
Total stockholders' equity 355,200 228,603
Total liabilities and stockholders' equity $ 946,032 $ 804,076