Balance Sheets Components (Tables)

6 Months Ended

Jun. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Accounts receivable, gross	$	26,916	$	38,259
Allowance for credit losses	(50)		(50)
Accounts receivable, net	$	26,866	$	38,209

Schedule of Inventory

Inventories consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Raw materials	$	15,206	$	14,995
Work in progress	42,882		47,300
Finished goods	26,038		14,446
Total inventories	$	84,126	$	76,741

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Prepaid expenses	$	3,967	$	4,305
Other current assets	7,276		5,971
Total prepaid expenses and other current assets	$	11,243	$	10,276

Schedule of Property and Equipment Net

Property and equipment, net consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Lab and manufacturing equipment	$	149,828	$	119,964
Computer equipment	3,988		3,833
Furniture and fixtures	1,177		1,167
Construction in progress	7,667		9,538
Leasehold improvements	8,283		7,818
	170,943		142,320
Accumulated depreciation	(71,082)		(59,845)
Total property and equipment, net	$	99,861	$	82,475

Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following:

	As of
	June 30, 2025						December 31, 2024
	(in thousands)
	Gross Assets		Accumulated Amortization		Net Assets		Gross Assets		Accumulated Amortization		Net Assets
Developed technology	$	96,700	$	(16,982)	$	79,718	$	96,700	$	(10,575)	$	86,125
Contract based royalty asset	5,900		(2,335)		3,565		5,900		(1,598)		4,302
Internal use software	—		—		—		9,434		(9,434)		—
Purchased software	15,739		(12,578)		3,161		15,551		(11,920)		3,631
Total amortizable intangible assets	$	118,339	$	(31,895)	$	86,444	$	127,585	$	(33,527)	$	94,058
In-process research and development	69,500		—		69,500		69,500		—		69,500
Total intangible assets	$	187,839	$	(31,895)	$	155,944	$	197,085	$	(33,527)	$	163,558

Schedule of Future Amortization Expense for Intangible Assets

The estimated aggregate future amortization expense for intangible assets subject to amortization as of June 30, 2025 is summarized as below:

	(in thousands)
2025 (remainder)	$	7,685
2026	15,110
2027	14,738
2028	12,977
2029	11,123
2030 and beyond	24,811
	$	86,444

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Accrued payroll and related benefits	$	7,867	$	12,381
Revenue reserves	4,867		3,673
Sales-based earnout liability, current	34,817		23,953
Acquisition consideration payable, current	38,400		37,760
Short term lease liability	2,836		2,744
Other accrued expenses	5,692		5,044
Total accrued expenses and other current liabilities	$	94,479	$	85,555

Schedule of Other Noncurrent Liabilities

Other non-current liabilities consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Sales-based earnout liability, non-current	$	58,489	$	73,303
Long term lease liability	2,409		3,488
Other non-current liabilities	15		—
Total other non-current liabilities	$	60,913	$	76,791