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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 131,063 $ 134,660
Restricted cash 201 201
Short-term investments 176,759 167,929
Accounts receivable, net 108,051 126,832
Inventory 183,585 195,910
Prepaid and other current assets 26,357 24,350
Total current assets 626,016 649,882
Operating lease right-of-use asset 6,010 6,461
Other long-term assets 1,010 1,067
Intangible asset, net 12,728 13,365
TOTAL ASSETS 645,764 670,775
Current Liabilities:    
Accounts payable 48,153 45,355
Accrued expenses and other current liabilities 131,491 149,104
Total current liabilities 179,644 194,459
Long-Term Liabilities:    
Long-term operating lease liability 5,585 6,080
Other long-term liabilities 11,122 10,955
Total liabilities 196,351 211,494
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Ordinary Shares, GBP 0.50 par value per share, unlimited authorized; 435,545,639 shares issued, 419,594,602 shares outstanding as of March 31, 2026; 429,847,579 shares issued, 416,214,102 shares outstanding as of December 31, 2025 314,062 310,184
Additional paid-in capital 1,922,254 1,923,801
Treasury stock; 15,951,037 shares as of March 31, 2026;13,633,477 shares as of December 31, 2025 (69,047) (67,360)
Accumulated deficit (1,717,856) (1,707,344)
Total stockholders’ equity 449,413 459,281
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 645,764 $ 670,775