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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 378,203 $ 525,540
Short-term marketable debt securities 823,395 314,438
Accounts receivable, net 137,849 110,253
Inventory, net 85,876 71,083
Prepaid expenses and other current assets, net 40,723 33,800
Total current assets 1,466,046 1,055,114
Restricted cash 111,214 104,215
Property and equipment, net 145,915 136,813
Right-of-use assets, net 158,849 142,265
Intangible assets, net 25,921 6,760
Goodwill 77,257 3,290
Other assets, net 28,457 37,152
Total Assets 2,013,659 1,485,609
Current liabilities:    
Accounts payable 54,442 38,551
Accrued compensation 119,646 83,219
Accrued expenses 77,889 68,345
Deferred revenue 50,753 35,468
Total current liabilities 302,730 225,583
Convertible senior notes, net 1,504,000 1,142,547
Long-term operating lease liabilities 178,463 164,292
Other long-term liabilities 127,773 92,834
Total Liabilities 2,112,966 1,625,256
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 0 0
Common stock, par value of $0.00001 per share; 350,000,000 shares authorized as of December 31, 2025 and 2024; 130,635,301 and 123,994,006 shares issued and outstanding as of December 31, 2025 and 2024, respectively 1 1
Additional paid-in capital 2,900,056 2,443,788
Accumulated other comprehensive loss (4,852) (5,201)
Accumulated deficit (2,994,512) (2,578,235)
Total Stockholders’ Deficit (99,307) (139,647)
Total Liabilities and Stockholders’ Deficit $ 2,013,659 $ 1,485,609