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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 58,507 $ 55,370
Investments 284,603 334,561
Accounts receivable, net 31,645 27,524
Inventory, net 54,007 58,755
Prepaid expenses and other current assets 15,471 18,781
Short-term restricted cash 690 690
Total current assets 444,923 495,681
Property and equipment, net 24,794 30,505
Operating lease right-of-use assets, net 44,408 16,091
Long-term restricted cash 1,532 1,532
Intangible assets, net 18,182 389,572
Goodwill 317,761 317,761
Other long-term assets 9,189 9,305
Total assets 860,789 1,260,447
Current liabilities    
Accounts payable 14,037 16,590
Accrued expenses 29,337 22,595
Deferred revenue, current 15,241 13,864
Operating lease liabilities, current 2,417 10,026
Other liabilities, current 5,570 3,224
Total current liabilities 66,602 66,299
Deferred revenue, non-current 5,855 5,900
Contingent consideration liability, non-current 0 18,700
Operating lease liabilities, non-current 50,480 14,914
Convertible senior notes, net, non-current 646,214 647,494
Other liabilities, non-current 0 546
Total liabilities 769,151 753,853
Commitments and contingencies
Stockholders’ equity    
Preferred stock 0 0
Common stock 300 294
Additional paid-in capital 2,665,958 2,654,804
Accumulated other comprehensive income 381 422
Accumulated deficit (2,575,001) (2,148,926)
Total stockholders’ equity 91,638 506,594
Total liabilities and stockholders’ equity $ 860,789 $ 1,260,447