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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 473,966 $ 344,067
Marketable securities 49,443 49,335
Accounts receivable, net 47,013 87,862
Inventory 56,341 83,107
Other receivables 35,480 606
Prepaid expenses and other current assets 22,208 19,410
Total current assets 684,451 584,387
Property and equipment, net 226,711 252,648
Operating lease right-of-use assets 60,450 57,290
Goodwill 4,511 4,511
Intangible assets, net 62,329 15,671
Other noncurrent assets 2,913 4,129
Total assets 1,041,365 918,636
Current liabilities:    
Accounts payable 12,733 12,909
Accrued compensation and related benefits 42,500 33,615
Accrued expenses and other current liabilities 39,971 41,165
Deferred revenue 23,902 20,658
Operating lease liabilities 10,985 9,286
Contingent consideration, current 23,363 0
Total current liabilities 153,454 117,633
Contingent consideration, noncurrent 1,237 0
Operating lease liabilities, noncurrent 73,376 73,327
Deferred revenue, noncurrent 10,501 12,513
Other noncurrent liabilities 6,471 5,029
Total liabilities 245,039 208,502
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.00001 par value; 100,000,000 shares authorized, no shares issued or outstanding as of December 31, 2025 and 2024 0 0
Common stock, $0.00001 par value; 1,100,000,000 shares authorized (Class A 1,000,000,000, Class B 100,000,000); 127,691,329 (Class A 117,612,457, Class B 10,078,872) and 122,291,837 (Class A 108,235,004, Class B 14,056,833) shares issued and outstanding as of December 31, 2025 and 2024, respectively 2 2
Additional paid-in capital 2,306,690 2,177,672
Accumulated deficit (1,510,591) (1,467,047)
Accumulated other comprehensive income (loss) 225 (493)
Total stockholders’ equity 796,326 710,134
Total liabilities and stockholders’ equity $ 1,041,365 $ 918,636