Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 61,077 $ 72,806
Short-term restricted cash 1,426 1,419
Accounts receivable, net 40,855 46,122
Inventory 85,839 78,104
Prepaid expenses and other current assets 60,253 50,390
Total current assets 249,450 248,841
Long-term restricted cash 27,429 27,187
Property and equipment, net 44,362 48,873
Leased right-of-use assets 21,938 15,506
Intangible assets, net 46,412 48,892
Goodwill 318,588 318,588
Deferred tax assets 52,132 77,268
Other long-term assets 10,956 11,241
Total assets 771,267 796,396
Current liabilities:    
Accounts payable 32,893 37,916
Accrued price protection liability 27,532 26,493
Accrued expenses and other current liabilities 59,712 72,392
Accrued compensation 26,521 49,219
Total current liabilities 146,658 186,020
Long-term lease liabilities 17,987 12,313
Long-term debt 123,773 123,618
Other long-term liabilities 28,658 22,550
Total liabilities 317,076 344,501
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; 89,529 shares issued and outstanding at March 31, 2026 and 86,451 shares issued and outstanding December 31, 2025 9 9
Additional paid-in capital 999,604 951,262
Accumulated other comprehensive income 121 1,030
Accumulated deficit (545,543) (500,406)
Total stockholders’ equity 454,191 451,895
Total liabilities and stockholders’ equity $ 771,267 $ 796,396