Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 111,859 $ 118,575
Short-term restricted cash 1,380 1,003
Accounts receivable, net 52,934 85,464
Inventory 86,329 90,343
Prepaid expenses and other current assets 31,630 28,057
Total current assets 284,132 323,442
Long-term restricted cash 24 25
Property and equipment, net 50,865 59,300
Leased right-of-use assets 14,624 18,184
Intangible assets, net 52,066 55,008
Goodwill 318,588 318,588
Deferred tax assets 74,764 68,662
Other long-term assets 13,070 21,430
Total assets 808,133 864,639
Current liabilities:    
Accounts payable 31,411 31,378
Accrued price protection liability 33,839 43,401
Accrued expenses and other current liabilities 76,802 87,408
Accrued compensation 41,499 20,097
Total current liabilities 183,551 182,284
Long-term lease liabilities 12,133 16,952
Long-term debt 123,461 122,996
Other long-term liabilities 24,261 26,124
Total liabilities 343,406 348,356
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 25,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.0001 par value; 550,000 shares authorized; 87,373 shares issued and outstanding at September 30, 2025 and 84,613 shares issued and outstanding December 31, 2024 9 8
Additional paid-in capital 950,067 886,823
Accumulated other comprehensive income (loss) 160 (6,823)
Accumulated deficit (485,509) (363,725)
Total stockholders’ equity 464,727 516,283
Total liabilities and stockholders’ equity $ 808,133 $ 864,639