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Balance Sheet Details (Tables)

12 Months Ended

Dec. 31, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of Cash and Cash Equivalents

Cash, cash equivalents and restricted cash consisted of the following (in thousands):

		December 31, 2024				December 31, 2023
Cash and cash equivalents		$	166,728			$	51,704
Restricted cash			2,090				795
Total cash, cash equivalents and restricted cash		$	168,818			$	52,499

Schedule of Accounts Receivable, Net

Accounts Receivable, net

Accounts receivable, net consisted of the following (in thousands):

		December 31, 2024				December 31, 2023
Trade receivables		$	29,890			$	19,972
Royalty receivable, current			4,725				—
Other receivables			197				—
Less: allowance for expected credit losses			(1,204	)			(312	)
Accounts receivable, net		$	33,608			$	19,660

Schedule of Inventories

Inventory consisted of the following (in thousands):

		December 31, 2024				December 31, 2023
Raw materials		$	21,304			$	12,140
Work-in-process			28,199				282
Finished goods			9,762				8,111
Total inventory		$	59,265			$	20,533
Inventory, current		$	40,737			$	20,533
Inventory, non-current (1)		$	18,528			$	—

(1) The value of inventory that is not expected to be used within 12 months of the balance sheet date is classified as non-current inventory on the consolidated balance sheets.

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

		December 31, 2024				December 31, 2023
Laboratory and manufacturing equipment		$	60,638			$	35,563
Leasehold improvements			17,445				13,785
Computer equipment			7,909				6,232
Internal-use software			16,870				—
Office furniture and fixtures			3,478				1,762
Property and equipment, gross			106,340				57,342
Less accumulated depreciation and amortization			(73,244	)			(35,489	)
Construction-in-progress			9,460				2,334
Property and equipment, net		$	42,556			$	24,187

Accrued Liabilities

Accrued liabilities, which are included in current liabilities on the consolidated balance sheets consisted of the following (in thousands):

		December 31, 2024				December 31, 2023
Accrued compensation and related benefits		$	14,706			$	12,052
Loss contingency accruals (1)			4,262				—
Accrued warranties			1,348				2,593
Accrued restructuring			1,581				825
Uninvoiced receipts			1,940				1,516
Other			6,902				4,033
Accrued liabilities		$	30,739			$	21,019

(1)This amount primarily relates to a historical contingent consideration arrangement with former shareholders of SomaLogic, which remains recorded due to ongoing litigation; however, based on current assessments, the Company does not believe the loss will be realized.

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