Balance Sheet Components (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Summary of Property, Plant and Equipment |
Property and equipment, net consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
December 31,
2024 |
| Equipment |
$ |
115,585 |
|
|
$ |
103,694 |
|
| Molds and tooling |
30,168 |
|
|
22,409 |
|
| Buildings |
22,202 |
|
|
22,186 |
|
| Leasehold improvements |
21,524 |
|
|
20,569 |
|
| Computer software |
18,462 |
|
|
18,072 |
|
| Land |
6,270 |
|
|
6,270 |
|
| Vehicles and aircraft |
3,161 |
|
|
2,486 |
|
| Furniture and fixtures |
1,168 |
|
|
1,110 |
|
| Construction in-progress |
28,521 |
|
|
19,583 |
|
| Gross property and equipment |
247,061 |
|
|
216,379 |
|
| Accumulated depreciation and amortization |
(112,062) |
|
|
(95,425) |
|
| Property and equipment, net |
$ |
134,999 |
|
|
$ |
120,954 |
|
|
| Schedule of Intangible Assets |
The intangible assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
December 31,
2024 |
| Automation platform software |
$ |
7,200 |
|
|
$ |
7,200 |
|
| System simulation software technology |
4,600 |
|
|
4,600 |
|
| Developed technology |
6,900 |
|
|
6,900 |
|
| Other intangibles |
500 |
|
|
1,485 |
|
| Gross intangible assets |
19,200 |
|
|
20,185 |
|
| Accumulated amortization |
(13,510) |
|
|
(12,058) |
|
| Intangible assets, net |
$ |
5,690 |
|
|
$ |
8,127 |
|
|
| Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets |
The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of June 30, 2025 (in thousands):
|
|
|
|
|
|
| Fiscal Year |
Amount |
2025 (remainder) |
$ |
2,195 |
|
| 2026 |
2,467 |
|
| 2027 |
1,028 |
|
|
$ |
5,690 |
|
|
| Schedule of Prepaid Expenses and Other Current Assets |
Prepaid expenses and other current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
December 31,
2024 |
| Prepaid equipment |
$ |
3,926 |
|
|
$ |
3,998 |
|
| Prepaid software |
7,674 |
|
|
7,794 |
|
| Prepaid taxes |
3,340 |
|
|
3,183 |
|
| Prepaid insurance |
1,326 |
|
|
3,565 |
|
| Other |
3,683 |
|
|
2,170 |
|
| Total |
$ |
19,949 |
|
|
$ |
20,710 |
|
|
| Schedule of Other Noncurrent Assets |
Other non-current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
December 31,
2024 |
| Contractual agreement asset |
$ |
59,611 |
|
|
$ |
59,611 |
|
| Other non-current assets |
1,715 |
|
|
1,395 |
|
| Total |
$ |
61,326 |
|
|
$ |
61,006 |
|
|
| Schedule of Accrued and Other Liabilities |
Accrued and other current liabilities consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
December 31,
2024 |
| Vendor related accruals |
$ |
24,047 |
|
|
$ |
20,026 |
|
| Payroll accruals |
12,918 |
|
|
6,619 |
|
| Contract liabilities under contracts with customers |
5,977 |
|
|
5,161 |
|
| Deferred research and development credits |
— |
|
|
1,712 |
|
| Other accruals and current liabilities |
5,880 |
|
|
5,324 |
|
| Total |
$ |
48,822 |
|
|
$ |
38,842 |
|
|