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Consolidated balance sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 163,767 $ 240,821
Short-term investments 796,106 669,795
Restricted cash 2,327 1,743
Trade receivables, net 74,226 61,221
Receivables and prepaid expenses 35,063 22,677
Inventories 35,086 38,152
Total current assets 1,106,575 1,034,409
Long-term assets:    
Property and equipment, net 77,660 51,479
Field equipment, net 14,811 11,384
Right-of-use assets 27,120 34,835
Other long-term assets 14,618 14,022
Total long-term assets 134,209 111,720
Total assets 1,240,784 1,146,129
Current liabilities:    
Convertible note 558,160 0
Trade payables 105,086 94,391
Other payables, lease liabilities and accrued expenses 93,130 84,724
Total current liabilities 756,376 179,115
Long-term liabilities:    
Convertible note 0 568,822
Senior secured credit facility, net 97,300 0
Long term leases 19,971 27,420
Employee benefit liabilities 6,940 8,258
Other long-term liabilities 18 18
Total long-term liabilities 124,229 604,518
Total liabilities 880,605 783,633
Commitments and contingencies
Shareholders’ equity:    
Ordinary shares - No par value, Unlimited shares authorized; Issued and outstanding: 108,516,819 shares and 107,075,754 shares at December 31, 2024 and December 31, 2023 respectively; 0 0
Additional paid-in capital 1,519,809 1,353,468
Accumulated other comprehensive income (loss) (5,500) (5,469)
Retained earnings (accumulated deficit) (1,154,130) (985,503)
Total shareholders’ equity 360,179 362,496
Total liabilities and shareholders’ equity $ 1,240,784 $ 1,146,129