v3.26.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 12,939 $ (44,056)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization expense 25,383 18,814
Stock-based compensation expense 61,792 51,372
Net change in unrealized interest on held to maturity securities 7,817 1,238
Change in fair value of sales-based earnout liability 620 2,365
Accretion of acquisition consideration payable 0 1,068
Inventory write-down 2,647 2,824
Amortization of financing related transaction costs 2,247 0
Changes in assets and liabilities:    
Accounts receivable, net (43,665) 11,344
Inventories (24,995) (10,452)
Prepaid expenses and other assets (3,247) (1,454)
Accounts payable 10,420 (3,487)
Accrued expenses and other liabilities 19,000 800
Net cash provided by operating activities 70,958 30,376
Cash flows from investing activities    
Purchase of securities (133,579) (635,817)
Proceeds from maturity of securities 897,409 423,162
Purchase of property and equipment (25,765) (34,545)
Purchase of intangibles (652) (164)
Net cash provided by (used in) investing activities 737,413 (247,364)
Cash flows from financing activities    
Proceeds from issuance of convertible senior notes 1,350,000 0
Payments for capped call transactions (121,500) 0
Payments for debt financing costs (37,554) 0
Proceeds from issuance of common stock 0 433,091
Payments for offering costs 0 (15,088)
Tax withholding paid on behalf of employees for net share settlement (87,315) (27,284)
Payment of contingent consideration towards earnouts (7,620) (6,315)
Payment of deferred acquisition consideration payable 0 (1,000)
Net cash provided by financing activities 1,096,011 383,404
Net increase in cash and cash equivalents 1,904,382 166,416
Cash and cash equivalents    
Beginning of period 16,759 6,106
End of period 1,921,141 172,522
Supplemental disclosure of cash flow information    
Income taxes paid 82 107
Supplemental disclosure of noncash investing and financing activities    
Liabilities recorded for property, plant and equipment, net 6,097 2,605
Unpaid offering costs 0 980
Unpaid financing costs 2,268 0
Right-of-use assets acquired under operating leases $ 8,027 $ 405