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RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Schedule of related party transactions
Goods and services transactions with Illumina have been reflected in the condensed consolidated financial statements as follows:
(in thousands)As of
June 30, 2024		As of
December 31, 2023
Accounts receivable, net — related parties$32 $80 
Supplies — related parties6,259 5,855 
Prepaid expenses and other current assets — related parties
59 41 
Property and equipment, net — related parties
3,021 3,640 
Accounts payable — related parties— 168 
Accrued liabilities — related parties— 95 
Three Months Ended
Six Months Ended
(in thousands)June 30,
2024		July 2,
2023		June 30,
2024		July 2,
2023
Screening revenue — related parties$108 $164 $237 $416 
Cost of screening revenue — related parties
3,457 2,213 6,126 3,792 
Cost of development services revenue — related parties71 36 116 60 
Operating expenses — Research and development — related parties5,310 6,386 10,112 11,166 
Operating expenses — General and administrative — related parties52 52 103 103 
The following table presents the components of the net transfers to and from Illumina:
Six Months Ended
(in thousands)June 30,
2024		July 2,
2023
Cash funding received from Illumina$1,244,300 $304,000 
Taxes paid related to net share settlement of equity awards— (225)
Total contribution from member, net$1,244,300 $303,775 
Related party transactions with Twist have been reflected in the condensed consolidated financial statements as follows:
(in thousands)As of
June 30, 2024		As of
December 31, 2023
Supplies — related parties$1,051 $1,052 
Accounts payable — related parties— 660 
Three Months EndedSix Months Ended
(in thousands)June 30,
2024		July 2,
2023		June 30,
2024		July 2,
2023
Cost of screening revenue — related parties
$322 $— $385 $— 
Cost of development services revenue — related parties7 — 7 — 
Operating expenses — Research and development — related parties159 13 592 585