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Inventory
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventory

NOTE 5. INVENTORY

Inventories as of December 31, 2024 and 2023 is as follows:

 

(in thousands)

 

December 31,
2024

 

 

December 31,
2023

 

Raw materials

 

$

53,586

 

 

$

4,329

 

Work in progress

 

 

24,080

 

 

 

4,368

 

Finished goods

 

 

193,507

 

 

 

132,491

 

Inventory, net

 

$

271,173

 

 

$

141,188

 

All amounts in the table above are reported net of obsolescence reserves of $169.5 million and $21.8 million as of December 31, 2024 and 2023.