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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 546,050 $ 453,001
Investments, short-term 19,224 14,185
Trade receivables, net 92,981 83,033
Inventory, net 6,100 7,198
Prepaid expenses 18,363 13,714
Other current assets 8,636 8,121
Total current assets 691,354 579,252
NONCURRENT ASSETS:    
Property and equipment, net 1,376 1,257
Restricted cash 270 270
Investments, long-term 107,008 108,874
Intangible assets, net 101,341 113,263
Deferred tax asset 201,194 190,398
Other noncurrent assets 5,465 5,886
Total noncurrent assets 416,654 419,948
TOTAL ASSETS 1,108,008 999,200
CURRENT LIABILITIES:    
Trade payables 28,301 13,744
Accrued compensation 11,735 18,776
Accrued expenses 118,293 120,640
Current portion of long-term debt 18,750 16,250
Other current liabilities 3,056 5,672
Total current liabilities 180,135 175,082
NONCURRENT LIABILITIES:    
Long-term debt, net 153,345 163,016
Other noncurrent liabilities 1,448 1,947
Total noncurrent liabilities 154,793 164,963
TOTAL LIABILITIES 334,928 340,045
COMMITMENTS AND CONTINGENCIES (Note 13)
STOCKHOLDERS' EQUITY:    
Common stock-$0.00001 par value; 500,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; 57,537,869 and 57,144,887 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 1 1
Additional paid in capital 685,288 656,872
Accumulated other comprehensive income 239 66
Retained earnings 87,552 2,216
TOTAL STOCKHOLDERS' EQUITY 773,080 659,155
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,108,008 $ 999,200