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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 240,867 $ 1,103,010
Short-term investments 281,895 251,782
Accounts receivable, net 659,371 601,988
Inventory 941,432 749,960
Manufacturing-related deposits and prepaids 203,490 276,262
Other current assets 105,478 90,461
Total current assets 2,432,533 3,073,463
Property and equipment, net 360,587 340,336
Right of use assets 147,063 148,310
Non-current inventory 181,158 187,986
Strategic investments 154,370 3,710
Non-current investments 109,125 133,163
Other non-current assets 80,551 76,205
Total assets 3,465,387 3,963,173
Current liabilities:    
Accounts payable 156,105 214,442
Accrued expenses 391,650 373,513
Deferred revenue, current portion 44,859 130,256
Other current liabilities 12,974 13,473
Total current liabilities 605,588 731,684
Long-term debt 1,138,289 1,137,124
Lease liabilities, net of current portion 205,460 192,473
Deferred revenue, net of current portion 325,000 325,000
Contingent consideration 47,400 47,400
Other non-current liabilities 927 1,750
Total liabilities 2,322,664 2,435,431
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 3,333,333 shares authorized; none issued and outstanding 0 0
Common stock, $0.0001 par value, 198,000,000 shares authorized; 98,254,898 and 96,900,496 issued and outstanding at March 31, 2025, and December 31, 2024, respectively 10 10
Additional paid-in capital 5,801,161 5,738,924
Accumulated other comprehensive income (loss), net of tax 34 (218)
Accumulated deficit (4,658,482) (4,210,974)
Total stockholders’ equity 1,142,723 1,527,742
Total liabilities and stockholders’ equity $ 3,465,387 $ 3,963,173