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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 479,171 $ 411,290
Accounts receivable, net 345,538 264,926
Inventory 122,819 81,404
Prepaid assets 31,560 18,368
Restricted cash 1,430 1,322
Other current assets 10,158 11,644
Total current assets 990,676 788,954
Non-current assets:    
Right-of-use assets 19,720 16,083
Property and equipment, net 1,927 2,952
Long-term inventory 40,909 75,713
Other assets 5,491 1,349
Total assets 1,058,723 885,051
Current liabilities:    
Accounts payable 38,602 38,572
Accrued expenses 140,322 140,184
Convertible senior notes 93,581 0
Current portion of lease liabilities 7,022 6,753
Total current liabilities 279,527 185,509
Long-term liabilities:    
Long-term credit facility 361,091 359,489
Convertible senior notes 0 93,341
Lease liabilities 13,680 10,201
Other liabilities 3,257 7,972
Total liabilities 657,555 656,512
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized, and no shares issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 200,000 shares authorized at September 30, 2025 and December 31, 2024; 126,500 shares issued and outstanding at September 30, 2025, and 124,495 shares issued and outstanding at December 31, 2024 12 12
Additional paid-in capital 3,357,583 3,267,201
Accumulated other comprehensive loss (2,400) (3,308)
Accumulated deficit (2,954,027) (3,035,366)
Total stockholders' equity 401,168 228,539
Total liabilities and stockholders' equity $ 1,058,723 $ 885,051