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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 253,637 $ 319,589
Investment securities, available-for-sale 508,359 436,404
Accounts receivable, net 107,505 98,739
Interest and other receivables 12,181 5,956
Inventory 26,124 21,949
Prepaid expenses 52,747 55,681
Total current assets 960,553 938,318
Property and equipment, net 3,547 4,215
Operating lease right-of-use assets 50,991 46,571
Intangible assets, net 114,338 119,782
Restricted cash 9,471 8,770
Long-term inventory 84,402 69,741
Other assets 2,253 359
Total assets 1,225,555 1,187,756
Liabilities and stockholders’ equity    
Accounts payable 20,097 16,192
Accrued liabilities 309,927 378,678
Total current liabilities 330,024 394,870
Operating lease liabilities 44,601 42,037
Other long-term liabilities 28,548 18,056
Total liabilities 403,173 454,963
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized at June 30, 2025 and December 31, 2024; no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 225,000,000 shares authorized at June 30, 2025 and December 31, 2024; 168,607,881 shares and 166,708,856 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 16 16
Additional paid-in capital 2,980,693 2,936,871
Accumulated deficit (2,158,733) (2,204,386)
Accumulated other comprehensive income 406 292
Total stockholders’ equity 822,382 732,793
Total liabilities and stockholders’ equity $ 1,225,555 $ 1,187,756