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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 377,061 $ 344,067
Marketable securities 49,844 49,335
Accounts receivable, net 52,549 87,862
Inventory 74,710 83,107
Prepaid expenses and other current assets 25,566 20,016
Total current assets 579,730 584,387
Property and equipment, net 246,087 252,648
Operating lease right-of-use assets 55,577 57,290
Goodwill 4,511 4,511
Intangible assets, net 15,192 15,671
Other noncurrent assets 2,296 4,129
Total assets 903,393 918,636
Current liabilities:    
Accounts payable 10,068 12,909
Accrued compensation and related benefits 21,957 33,615
Accrued expenses and other current liabilities 45,483 41,165
Deferred revenue 20,949 20,658
Operating lease liabilities 9,443 9,286
Total current liabilities 107,900 117,633
Operating lease liabilities, noncurrent 70,631 73,327
Deferred revenue, noncurrent 12,569 12,513
Other noncurrent liabilities 5,398 5,029
Total liabilities 196,498 208,502
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock 0 0
Common stock 2 2
Additional paid-in capital 2,208,665 2,177,672
Accumulated deficit (1,501,405) (1,467,047)
Accumulated other comprehensive loss (367) (493)
Total stockholders’ equity 706,895 710,134
Total liabilities and stockholders’ equity $ 903,393 $ 918,636