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Consolidated Balance Sheet Details

3 Months Ended

Mar. 31, 2025

Balance Sheet Related Disclosures [Abstract]

Inventories, net

Inventories consisted of the following (in thousands):


	March 31, 2025		December 31, 2024
Raw materials	$	46,972	$	60,588
Finished goods	139,903		140,230
Total Inventories	$	186,875	$	200,818

The Company values inventory using the moving average cost method that approximates the first-in, first-out method (“FIFO”). As of March 31, 2025, inventory valued using moving average cost and FIFO was $158.0 million and $28.9 million, respectively. As of December 31, 2024, inventory valued using moving average cost and FIFO, was $154.4 million and $46.4 million, respectively.

Prepaid expenses and other current assets

The following table shows the components of prepaid expenses and other current assets (in thousands):


	March 31, 2025		December 31, 2024
IRA vendor rebates	$	116,711	$	115,458
Prepaid taxes	17,367		14,650
Other	23,270		27,819


Total Prepaid expenses and other current assets	$	157,348	$	157,927