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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 42,907 $ 71,335
Restricted cash 308 617
Marketable securities 178,075 156,620
Trade receivables, net 146,229 73,066
Inventory 22,634 14,526
Prepaid expenses and other current assets 21,079 19,656
Total current assets 411,232 335,820
Property, plant, and equipment, net 1,043 1,041
Intangible assets, net 14,812 9,479
Operating lease right-of-use asset 4,467 1,953
Other assets 1,419 596
Total assets 432,973 348,889
Current liabilities:    
Accounts payable 12,528 14,220
Current portion of long-term debt, net 1,000 0
Accrued and other current liabilities 116,310 66,793
Total current liabilities 129,838 81,013
Operating lease liability, long-term 5,266 2,562
Long-term debt, net 107,959 107,203
Other long-term liabilities 431 570
Total liabilities 243,494 191,348
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; 300,000,000 shares authorized; 123,332,672 and 117,848,033 shares issued and outstanding at December 31, 2025 and 2024, respectively 12 12
Additional paid-in capital 1,327,595 1,279,479
Accumulated other comprehensive loss (44) (7)
Accumulated deficit (1,138,084) (1,121,943)
Total stockholders’ equity 189,479 157,541
Total liabilities and stockholders’ equity $ 432,973 $ 348,889