Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 172,522	$ 6,106
Short-term investments in held-to-maturity securities	624,144	412,728
Accounts receivable, net	26,866	38,209
Inventories	84,126	76,741
Prepaid expenses and other current assets	11,243	10,276
Total current assets	918,901	544,060
Property and equipment, net	99,861	82,475
Intangible assets, net	155,944	163,558
Right-of-use assets, net	5,648	6,569
Goodwill	87,098	87,098
Other assets	1,684	1,199
Total assets	1,269,136	884,959
Current liabilities:
Accounts payable	13,063	22,894
Accrued expenses and other current liabilities	94,479	85,555
Total current liabilities	107,542	108,449
Other non-current liabilities	60,913	76,791
Total liabilities	168,455	185,240
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.0001 par value - 200,000 shares authorized; 26,004 and 23,598 shares issued and outstanding at June 30, 2025 and December 31, 2024	3	2
Additional paid-in capital	1,326,735	881,718
Accumulated deficit	(226,057)	(182,001)
Total stockholders’ equity	1,100,681	699,719
Total liabilities and stockholders’ equity	$ 1,269,136	$ 884,959