v3.26.1
Balance Sheet Components
3 Months Ended
Mar. 31, 2026
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

Note 5. Balance Sheet Components

Property and Equipment

Property and equipment as of March 31, 2026 and December 31, 2025 consisted of the following (amounts in thousands):

 

 

 

March 31,

 

 

December 31

 

 

 

2026

 

 

2025

 

Computer equipment, hardware, and software

 

$

7,440

 

 

$

7,275

 

Furniture and fixtures

 

 

123,819

 

 

 

123,806

 

Leasehold improvements

 

 

113,460

 

 

 

110,693

 

Machinery and equipment

 

 

161,284

 

 

 

160,009

 

Construction-in-progress

 

 

36,381

 

 

 

41,782

 

Property and equipment, gross

 

 

442,384

 

 

 

443,565

 

Accumulated depreciation and amortization

 

 

(202,171

)

 

 

(192,116

)

Property and equipment, net

 

$

240,213

 

 

$

251,449

 

 

Depreciation and amortization expense related to property and equipment was $14.6 million and $18.1 million for the three months ended March 31, 2026 and 2025, respectively.

 

Accrued Liabilities

Accrued liabilities as of March 31, 2026 and December 31, 2025 consisted of the following (amounts in thousands):

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Litigation-related accrual

 

$

4,655

 

 

$

3,900

 

Accrued property and equipment

 

 

2,536

 

 

 

4,243

 

Other

 

 

8,226

 

 

 

6,378

 

Accrued liabilities

 

$

15,417

 

 

$

14,521

 

 

Other Liabilities

Other liabilities as of March 31, 2026 and December 31, 2025 consisted of the following (amounts in thousands):

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Asset retirement obligation

 

$

13,836

 

 

$

13,710

 

Long-term advance payments and others

 

 

1,164

 

 

 

1,164

 

Other liabilities

 

$

15,000

 

 

$

14,874