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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents, and restricted cash $ 232,673 $ 370,063
Accounts receivable, net of allowances for estimated credit losses of $6,022 and $9,597 at December 31, 2025 and December 31, 2024, respectively 21,741 27,643
Inventories 48,012 69,113
Income tax receivable 1,696 818
Prepaid expenses and other current assets 5,395 9,487
Total current assets 309,517 477,124
Property and equipment, net 2,538 5,978
Right-of-use assets, net 11,570 13,590
Intangible assets, net 35,763 47,512
Goodwill 126,621 123,499
Deferred income tax assets, net 1,925 3,894
Other assets 11,869 14,086
TOTAL ASSETS 499,803 685,683
Current liabilities:    
Current portion of convertible senior notes, net 123,959 0
Accounts payable 15,631 21,941
Accrued payroll-related expenses 24,947 17,636
Lease liabilities, current 5,128 5,147
Income tax payable 1,226 3,426
Other accrued expenses 15,384 20,002
Total current liabilities 186,275 68,152
Lease liabilities, non-current 9,238 10,813
Deferred income tax liabilities, net 393 396
Convertible senior notes, net 240,431 552,198
Other long-term liabilities 2,410 2,321
Total liabilities 438,747 633,880
Commitments and Contingencies (Note 8)
Stockholders’ equity:    
Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 127,520,823 and 124,924,185 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 13 12
Additional paid-in capital 579,961 566,709
Accumulated other comprehensive loss (1,434) (6,953)
Accumulated deficit (517,484) (507,965)
Total stockholders’ equity 61,056 51,803
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 499,803 $ 685,683