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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 300,910 $ 315,353
Accounts receivable, net 161,398 142,001
Inventories, net 16,319 15,732
Prepaid and other current assets 16,007 11,978
Total current assets 494,634 485,064
Equipment, net 773 584
Right-of-use asset - operating lease 23,294 5,383
Goodwill 12,042 12,042
Intangible asset, net 45,322 46,894
Non-current inventory and other assets 20,606 18,531
Total assets 596,671 568,498
Current liabilities:    
Accounts payable 85,659 71,997
Accrued expenses and other current liabilities 149,199 147,987
Operating lease liability, current portion 454 1,835
Contingent consideration, current 8,602 8,285
Total current liabilities 243,914 230,104
Contingent consideration, non-current 90,590 91,680
Loan payable, long-term 181,377 180,710
Operating lease liability, long-term 23,905 6,046
Finance lease liability, long-term 3,680 2,943
Total liabilities 543,466 511,483
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share (10,000,000 shares authorized, none issued and outstanding)
Common stock, $0.0001 par value per share (150,000,000 shares authorized, 49,216,759 and 48,667,587 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively) 5 5
Additional paid-in capital 1,235,400 1,179,797
Accumulated deficit (1,182,200) (1,122,787)
Total stockholders’ equity 53,205 57,015
Total liabilities and stockholders’ equity $ 596,671 $ 568,498