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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 244,388 $ 362,992
Restricted cash 1,596 1,149
Accounts receivable, net 271,578 275,838
Inventories, net 150,374 200,818
Prepaid expenses and other 201,108 157,927
Total current assets 869,044 998,724
Property, plant and equipment, net 58,225 26,222
Lease assets 97,088 16,384
Goodwill 135,173 160,189
Other intangible assets, net 238,579 181,409
Deferred income tax assets 23,965 17,754
Other assets 29,718 25,317
Total assets 1,451,792 1,425,999
Current liabilities    
Accounts payable 143,994 172,368
Accrued expenses and other 54,289 91,183
Income tax payable 4,687 5,227
Deferred revenue 128,433 119,775
Current portion of contingent consideration 14,551 1,193
Current portion of warranty liability 10,844 2,063
Current portion of lease liabilities 7,662 5,600
Current portion of debt 10,315 30,714
Other current liabilities 2,237 9,691
Total current liabilities 377,012 437,814
Deferred income tax liabilities 22,133 21,398
Contingent consideration, net of current portion 12,739 7,868
Warranty liability, net of current portion 5,466 4,830
Lease liabilities, net of current portion 89,552 15,128
Long-term debt, net of current portion 658,664 646,570
Other long-term liabilities 25,838 3,556
Total liabilities 1,191,404 1,137,164
Commitments and contingencies (Note 15)
Series A Redeemable Perpetual Preferred Stock: $0.001 par value; 500,000 shares authorized; 490,829 and 460,920 issued, respectively; liquidation preference of $493.1 million at both dates 466,728 406,931
Stockholders’ equity    
Preferred stock $0.001 par value - 4,500,000 shares authorized; none issued at respective dates 0 0
Common stock $0.001 par value - 1,000,000,000 shares authorized; 152,779,614 and 151,951,652 shares issued at respective dates 152 151
Additional paid-in capital 226,848 297,780
Accumulated deficit (422,859) (370,624)
Accumulated other comprehensive loss (10,481) (45,403)
Total stockholders’ equity (206,340) (118,096)
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity $ 1,451,792 $ 1,425,999