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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 228,122 $ 222,503
Short-term investments 76,430 57,812
Accounts receivable 106,836 78,286
Inventory 22,941 22,403
Prepaid expenses and other current assets 19,069 11,784
Total current assets 453,398 392,788
Restricted cash 480 425
Long-term investments 17,112 12,526
Property and equipment, net 1,177 1,139
Operating lease right-of-use assets 8,946 8,675
Intangible assets, net 237,870 249,819
Other assets 6,842 5,382
Total assets 725,825 670,754
Current liabilities:    
Accounts payable 17,657 14,618
Accrued expenses and other current liabilities 127,139 111,933
Total current liabilities 144,796 126,551
Operating lease liabilities, noncurrent 7,884 7,972
Convertible notes payable, net, noncurrent 308,933 308,082
Other liabilities 9,054 2,509
Total liabilities 470,667 445,114
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, and no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 50,058,392 and 48,338,096 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 5 5
Additional paid-in capital 919,520 870,189
Accumulated deficit (664,719) (644,181)
Accumulated other comprehensive income (loss) 352 (373)
Total stockholders’ equity 255,158 225,640
Total liabilities and stockholders’ equity $ 725,825 $ 670,754