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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 54,803 $ 55,370
Investments 259,932 334,561
Accounts receivable, net 32,257 27,524
Inventory, net 53,839 58,755
Prepaid expenses and other current assets 12,266 18,781
Short-term restricted cash 300 690
Total current assets 413,397 495,681
Property and equipment, net 23,102 30,505
Operating lease right-of-use assets, net 43,504 16,091
Long-term restricted cash 1,532 1,532
Intangible assets, net 17,163 389,572
Goodwill 317,761 317,761
Other long-term assets 9,011 9,305
Total assets 825,470 1,260,447
Current liabilities    
Accounts payable 15,055 16,590
Accrued expenses 26,541 22,595
Deferred revenue, current 14,863 13,864
Operating lease liabilities, current 703 10,026
Other liabilities, current 2,592 3,224
Total current liabilities 59,754 66,299
Deferred revenue, non-current 5,709 5,900
Contingent consideration liability, non-current 0 18,700
Operating lease liabilities, non-current 52,082 14,914
Convertible senior notes, net, non-current 646,436 647,494
Other liabilities, non-current 0 546
Total liabilities 763,981 753,853
Commitments and contingencies
Stockholders’ equity    
Preferred stock 0 0
Common stock 300 294
Additional paid-in capital 2,677,853 2,654,804
Accumulated other comprehensive income 267 422
Accumulated deficit (2,616,931) (2,148,926)
Total stockholders’ equity 61,489 506,594
Total liabilities and stockholders’ equity $ 825,470 $ 1,260,447