v3.26.1
Balance Sheets Components (Tables)
 6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Accounts Receivable, Net
Accounts receivable, net consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Accounts receivable, gross$88,756 $45,090 
Allowance for credit losses(50)(50)
Accounts receivable, net$88,706 $45,040 
Schedule of Inventory
Inventories consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Raw materials$13,794 $13,572 
Work in progress70,768 47,485 
Finished goods19,342 20,500 
Total inventories$103,904 $81,557 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Prepaid expenses$8,580 $6,761 
Other current assets11,534 7,514 
Total prepaid expenses and other current assets$20,114 $14,275 
Schedule of Property and Equipment Net
Property and equipment, net consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Lab and manufacturing equipment$180,963 $158,909 
Computer equipment4,161 3,928 
Furniture and fixtures1,201 1,152 
Construction in progress15,513 15,885 
Leasehold improvements9,016 8,303 
210,854 188,177 
Accumulated depreciation(96,467)(83,063)
Total property and equipment, net$114,387 $105,114 
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Gross AssetsAccumulated Amortization Net AssetsGross AssetsAccumulated Amortization Net Assets
Developed technology$166,200 $(35,286)$130,914 $166,200 $(24,534)$141,666 
Contract based royalty asset5,900 (3,810)2,090 5,900 (3,073)2,827 
Purchased software4,098 (1,079)3,019 3,454 (581)2,873 
Total intangible assets$176,198 $(40,175)$136,023 $175,554 $(28,188)$147,366 
Schedule of Future Amortization Expense for Intangible Assets
The estimated aggregate future amortization expense for intangible assets subject to amortization as of June 30, 2026 is summarized as below:
(in thousands)
2026 (remainder)$12,011 
202723,690 
202821,924 
202919,931 
203019,816 
2031 and beyond38,651 
$136,023 
Schedule of Other Assets
Other assets consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Equity investment$20,000 $— 
Prepaid expenses1,928 1,235 
Other assets2,363 518 
Total other assets$24,291 $1,753 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Accrued payroll and related benefits$18,850 $14,007 
Revenue reserves2,916 3,655 
Sales-based earnout liability, current32,908 35,007 
Short term lease liability4,370 2,478 
Other accrued expenses21,797 7,531 
Total accrued expenses and other current liabilities$80,841 $62,678 
Schedule of Other Noncurrent Liabilities
Other non-current liabilities consisted of the following:
As of
June 30, 2026December 31, 2025
(in thousands)
Sales-based earnout liability, non-current$48,445 $53,346 
Long term lease liability4,686 1,132 
Other non-current liabilities48 34 
Total other non-current liabilities$53,179 $54,512