v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,921,141 $ 16,759
Short-term investments in held-to-maturity securities 0 791,648
Accounts receivable, net 88,706 45,040
Inventories 103,904 81,557
Prepaid expenses and other current assets 20,114 14,275
Total current assets 2,133,865 949,279
Property and equipment, net 114,387 105,114
Intangible assets, net 136,023 147,366
Right-of-use assets, net 9,859 4,089
Goodwill 87,098 87,098
Other assets 24,291 1,753
Total assets 2,505,523 1,294,699
Current liabilities:    
Accounts payable 28,895 21,327
Accrued expenses and other current liabilities 80,841 62,678
Total current liabilities 109,736 84,005
Convertible senior notes, net 1,317,556 0
Other non-current liabilities 53,179 54,512
Total liabilities 1,480,471 138,517
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock, $0.0001 par value - 200,000 shares authorized; 26,512 and 26,299 shares issued and outstanding at June 30, 2026 and December 31, 2025 3 3
Additional paid-in capital 1,237,014 1,381,083
Accumulated deficit (211,965) (224,904)
Total stockholders’ equity 1,025,052 1,156,182
Total liabilities and stockholders’ equity $ 2,505,523 $ 1,294,699