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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 411,290 $ 351,185
Accounts receivable 264,926 206,442
Inventory 81,404 146,362
Prepaid assets 18,368 38,820
Restricted cash 1,322 1,114
Other current assets 11,644 22,408
Total current assets 788,954 766,331
Non-current assets:    
Right-of-use assets 16,083 16,745
Property and equipment, net 2,952 4,345
Long-term inventory 75,713  
Other assets 1,349 1,309
Total assets 885,051 788,730
Current liabilities:    
Accounts payable 38,572 37,516
Accrued expenses 140,184 127,806
Current portion of development liability   75,830
Current portion of lease liabilities 6,753 6,441
Total current liabilities 185,509 247,593
Long-term liabilities:    
Long-term development liability   239,817
Long-term credit facility 359,489  
Convertible senior notes 93,341 93,033
Lease liabilities 10,201 11,454
Other liabilities 7,972 2,312
Total liabilities 656,512 594,209
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized and zero shares issued and outstanding at December 31, 2024 and 2023 0 0
Common stock, $0.0001 par value; 200,000 shares authorized at December 31, 2024 and 2023; 124,495 and 119,556 shares issued and outstanding at December 31, 2024 and 2023, respectively 12 12
Additional paid-in capital 3,267,201 3,035,539
Accumulated other comprehensive loss (3,308) (3,542)
Accumulated deficit (3,035,366) (2,837,488)
Total stockholders’ equity 228,539 194,521
Total liabilities and stockholders’ equity $ 885,051 $ 788,730