XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 309,105 $ 419,597
Marketable securities 236,435 115,956
Accounts receivable, net 82,153 79,941
Inventory 18,399 14,039
Prepaid expenses and other current assets 17,825 16,286
Total current assets 663,917 645,819
Property and equipment, net 139,703 125,092
Operating lease right-of-use assets 44,749 47,564
Restricted cash 8,358 8,358
Goodwill 862 862
Long-term strategic investments 64,897 61,902
Other assets 41,544 41,852
Total assets 964,030 931,449
Current liabilities:    
Accounts payable 12,775 7,221
Accrued liabilities 99,577 84,900
Deferred revenue 3,499 2,932
Operating lease liabilities, current portion 16,360 15,867
Total current liabilities 132,211 110,920
Long-term senior convertible notes 648,007 646,443
Other noncurrent liabilities 9,775 8,579
Operating lease liabilities, noncurrent portion 70,377 74,599
Total liabilities 860,370 840,541
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.001 par value – 5,000 shares authorized; none issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value – 100,000 shares authorized; 32,334 shares issued and 32,105 shares outstanding at June 30, 2025, respectively; and 31,621 shares issued and 31,392 shares outstanding at December 31, 2024, respectively 32 31
Additional paid-in capital 932,467 874,607
Accumulated other comprehensive (loss) income (26) 165
Accumulated deficit (803,813) (758,895)
Treasury stock, at cost; 229 shares at June 30, 2025 and December 31, 2024 (25,000) (25,000)
Total stockholders’ equity 103,660 90,908
Total liabilities and stockholders’ equity $ 964,030 $ 931,449