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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 160,247 $ 95,883
Marketable securities available-for-sale 487,568 617,951
Accounts receivables, net of allowance for doubtful accounts of $0 and $12,313 at September 30, 2025 and December 31, 2024, respectively 72,359 45,281
Other receivables 962 1,625
Inventories 73,288 70,054
Prepaid expenses and other current assets 19,907 18,147
Total current assets 814,331 848,941
Property and equipment, net 45,855 39,001
Operating lease right-of-use assets 19,904 21,608
Goodwill 2,199 1,946
Other assets, net of allowance for doubtful accounts of $10,970 at September 30, 2025 64,217 74,760
Total assets 946,506 986,256
Current liabilities:    
Accounts payable 3,948 9,061
Accrued research and development 6,697 4,310
Accrued liabilities 51,889 61,066
Convertible Notes, current portion, net of debt discount of $135 at September 30, 2025 (Note 7) 40,073 0
Other current liabilities 4,232 4,197
Total current liabilities 106,839 78,634
Convertible Notes, net of debt discount of $4,034 and $1,646 at September 30, 2025 and December 31, 2024, respectively (Note 7) 220,966 223,854
Long-term portion of lease liabilities 23,985 26,388
CEPI accrual long-term (Note 6) 60,337 60,337
Other long-term liabilities 241 244
Total liabilities 412,368 389,457
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock: $0.001 par value, 5,000 shares authorized at September 30, 2025 and December 31, 2024; zero shares outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock: $0.001 par value, 278,000 shares authorized at September 30, 2025 and December 31, 2024; 117,364 shares and 125,450 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 117 125
Additional paid-in capital 1,486,947 1,504,671
Accumulated other comprehensive income 800 (4,722)
Accumulated deficit (953,726) (903,275)
Total stockholders’ equity 534,138 596,799
Total liabilities and stockholders’ equity $ 946,506 $ 986,256