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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 510,598 $ 1,103,010
Short-term investments 289,541 251,782
Accounts receivable, net 527,295 601,988
Inventory 994,036 749,960
Manufacturing-related deposits and prepaids 207,921 276,262
Other current assets 127,594 90,461
Total current assets 2,656,985 3,073,463
Property and equipment, net 371,857 340,336
Right of use assets 143,041 148,310
Non-current inventory 194,668 187,986
Strategic investments 195,522 3,710
Non-current investments 34,604 133,163
Other non-current assets 83,137 76,205
Total assets 3,679,814 3,963,173
Current liabilities:    
Accounts payable 136,702 214,442
Accrued expenses 377,399 373,513
Deferred revenue, current portion 395,431 130,256
Other current liabilities 10,416 13,473
Total current liabilities 919,948 731,684
Long-term debt 1,139,458 1,137,124
Lease liabilities, net of current portion 214,419 192,473
Deferred revenue, net of current portion 0 325,000
Contingent consideration 47,400 47,400
Other non-current liabilities 1,204 1,750
Total liabilities 2,322,429 2,435,431
Commitments and contingencies (Note 17)
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; 98,356,950 and 97,706,074 issued and outstanding, respectively, at June 30, 2025, and 96,900,496 issued and outstanding at December 31, 2024 10 10
Treasury stock, at cost, 650,876 and 0 shares at June 30, 2025 and December 31, 2024, respectively (25,263) 0
Additional paid-in capital 5,844,279 5,738,924
Accumulated other comprehensive loss, net of tax (51) (218)
Accumulated deficit (4,461,590) (4,210,974)
Total stockholders’ equity 1,357,385 1,527,742
Total liabilities and stockholders’ equity $ 3,679,814 $ 3,963,173