XML 52 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 74,358 $ 20,741
Restricted cash 193 170
Inventory 11,639 8,823
Prepaid expenses and other current assets 7,508 2,310
Deferred offering costs 799
Total current assets 106,476 42,595
Property and equipment, net 8,986 6,834
Right-of-use operating lease assets 3,278 352
Goodwill 571,653 557,508
Intangible assets, net 83,487 93,502
Other assets 259 208
Total assets 774,139 700,999
Current liabilities:    
Accrued expenses 7,624 16,374
Operating lease liabilities, current 902 213
Deferred revenue 4,497 10,340
Related party borrowings 1,161 5,971
Revolving lines of credit 127
Current maturities of debt 1,190 27,992
Investor notes at fair value 13,819
Due to seller 3,148
Total current liabilities 30,865 96,607
Long-term debt, net of current maturities 500 688
Deferred compensation 11,219
Deferred tax liability 1,046 767
Long-term deferred revenue 8 10
Operating lease liabilities, noncurrent 2,478 146
Other long-term liabilities 50 50
Contingent consideration 42,782
Total liabilities 34,947 152,269
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.000001 par value; 1,000,000 shares authorized; 32,594 issued and 31,376 outstanding as of December 31, 2025 and 16,387 shares issued and outstanding as of December 31, 2024
Additional paid-in capital 963,022 764,692
Treasury shares, 1,218 and 0 shares as of December 31, 2025 and 2024, respectively (21,220)
Accumulated other comprehensive income (loss) 7,947 (9,509)
Accumulated deficit (210,557) (206,453)
Total stockholders’ equity 739,192 548,730
Total liabilities and stockholders’ equity 774,139 700,999
Nonrelated Party [Member]    
Current assets:    
Accounts receivable, net 12,385 8,961
Current liabilities:    
Accounts payable 6,599 16,440
Related Party [Member]    
Current assets:    
Accounts receivable, net 393 791
Current liabilities:    
Accounts payable $ 8,892 $ 2,183