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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 56,467 $ 55,370
Investments 242,187 334,561
Accounts receivable, net 30,616 27,524
Inventory, net 53,153 58,755
Prepaid expenses and other current assets 11,513 18,781
Short-term restricted cash 300 690
Total current assets 394,236 495,681
Property and equipment, net 22,127 30,505
Operating lease right-of-use assets, net 42,583 16,091
Long-term restricted cash 1,532 1,532
Intangible assets, net 16,143 389,572
Goodwill 317,761 317,761
Other long-term assets 8,776 9,305
Total assets 803,158 1,260,447
Current liabilities    
Accounts payable 16,362 16,590
Accrued expenses 29,172 22,595
Deferred revenue, current 16,049 13,864
Operating lease liabilities, current 621 10,026
Other liabilities, current 1,005 3,224
Total current liabilities 63,209 66,299
Deferred revenue, non-current 4,400 5,900
Contingent consideration liability, non-current 0 18,700
Operating lease liabilities, non-current 54,300 14,914
Convertible senior notes, net, non-current 645,159 647,494
Other liabilities, non-current 0 546
Total liabilities 767,068 753,853
Commitments and contingencies
Stockholders’ equity    
Preferred stock 0 0
Common stock 302 294
Additional paid-in capital 2,690,304 2,654,804
Accumulated other comprehensive income 415 422
Accumulated deficit (2,654,931) (2,148,926)
Total stockholders’ equity 36,090 506,594
Total liabilities and stockholders’ equity $ 803,158 $ 1,260,447