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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 34,762 $ 42,907
Restricted cash 308 308
Marketable securities 189,238 178,075
Trade receivables, net 144,377 146,229
Inventory 37,391 22,634
Prepaid expenses and other current assets 31,980 21,079
Total current assets 438,056 411,232
Property, plant, and equipment, net 1,040 1,043
Intangible assets, net 14,250 14,812
Operating lease right-of-use asset 4,361 4,467
Other assets 2,296 1,419
Total assets 460,003 432,973
Current liabilities:    
Accounts payable 18,296 12,528
Current portion of long-term debt, net 7,950 1,000
Accrued and other current liabilities 136,957 116,310
Total current liabilities 163,203 129,838
Operating lease liability, long-term 5,251 5,266
Long-term debt, net 101,470 107,959
Other long-term liabilities 431 431
Total liabilities 270,355 243,494
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; 300,000 shares authorized at March 31, 2026 and December 31, 2025; 125,042 and 123,333 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 12 12
Additional paid-in capital 1,339,529 1,327,595
Accumulated other comprehensive loss (514) (44)
Accumulated deficit (1,149,379) (1,138,084)
Total stockholders’ equity 189,648 189,479
Total liabilities and stockholders’ equity $ 460,003 $ 432,973