CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating Activities:
Net income	$ 56,737	$ 23,275
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	115	86
Stock-based compensation	5,850	8,248
Amortization of intangible assets	9,345	9,344
Deferred taxes	(2,321)	(1,746)
Accretion of discount	(60)	153
Reduction in the carrying amount of right-of-use asset	72	68
Change in fair value of equity securities	(2,644)	1,144
(Increase) decrease in:
Accounts receivable, net	(5,789)	(6,979)
Inventory	(237)	(4,309)
Prepaid expenses and other current assets	7,020	(1,210)
Increase (decrease) in:
Accounts payable	(5,396)	(4,534)
Accrued expenses and other liabilities	(2,552)	8,474
Operating lease liability	(97)	(89)
Net cash provided by (used in) operating activities	60,043	31,925
Investing Activities:
Purchases of property and equipment	0	(199)
Net cash provided by (used in) investing activities	0	(199)
Financing Activities:
Payment of employee withholding tax related to stock-based compensation	(642)	(204)
Proceeds from exercise of stock options	4,787	1,522
Payment of liabilities arising from asset acquisition	(1,085)	(973)
Proceeds from issuance of common stock	0	141,000
Payment of fees in connection with issuance of common stock	0	(296)
Net cash provided by (used in) financing activities	3,060	141,049
Net increase (decrease) in cash and cash equivalents	63,103	172,775
Cash and cash equivalents – beginning of period	517,553	137,636
Cash and cash equivalents – end of period	580,656	310,411
Supplemental disclosures of cash flow information:
Cash paid for income taxes	639
Cash paid for interest	$ 103	$ 65