Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 27,110	$ 6,106
Short-term investments in held-to-maturity securities	782,465	412,728
Accounts receivable, net	22,504	38,209
Inventories	86,743	76,741
Prepaid expenses and other current assets	13,178	10,276
Total current assets	932,000	544,060
Property and equipment, net	99,227	82,475
Intangible assets, net	152,137	163,558
Right-of-use assets, net	4,871	6,569
Goodwill	87,098	87,098
Other assets	1,667	1,199
Total assets	1,277,000	884,959
Current liabilities:
Accounts payable	18,872	22,894
Accrued expenses and other current liabilities	91,807	85,555
Total current liabilities	110,679	108,449
Other non-current liabilities	62,918	76,791
Total liabilities	173,597	185,240
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.0001 par value - 200,000 shares authorized; 26,101 and 23,598 shares issued and outstanding at September 30, 2025 and December 31, 2024	3	2
Additional paid-in capital	1,337,471	881,718
Accumulated deficit	(234,071)	(182,001)
Total stockholders’ equity	1,103,403	699,719
Total liabilities and stockholders’ equity	$ 1,277,000	$ 884,959