v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net Income (Loss) $ (116,163) $ (112,976)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 22,915 17,178
Unrealized foreign exchange gains 59 (96)
Amortization of intangible assets 5,406 4,633
Amortization of right of use asset 2,870 2,296
Depreciation and amortization of property and equipment 2,789 2,978
Deferred tax benefit (1,838) (1,408)
Accretion of discounts and premiums on investments (2,146) (2,335)
Loss on asset disposals 44 0
Changes in assets and liabilities:    
Prepaid expenses, other assets and long-term assets (3,251) 5,888
Trade accounts receivable (1,598) (83)
Inventory (13,970) (6,735)
Operating lease liabilities (3,113) (2,789)
Accounts payable 2,052 (5,815)
Accrued expenses and other liabilities 2,250 (23,015)
Net cash used in operating activities (103,694) (122,279)
Cash Flows from Investing Activities    
Maturities of investments 120,000 87,000
Purchase of investments (97,922) (141,762)
Cash paid for acquisition, including contingent consideration, net of cash acquired 0 (52,573)
Purchase of property and equipment (6,211) (4,171)
Net cash used in investing activities 15,867 (111,506)
Cash Flows from Financing Activities    
Tax payments related to shares withheld for vested restricted stock units (5,644) (4,701)
Proceeds from the issuance of common stock upon exercise of options 15 364
Proceeds from the issuance of common stock, net 148,944 197,913
Net cash provided by financing activities 143,315 193,576
Effect of foreign exchange rate changes 508 (491)
Net increase in cash, cash equivalents and restricted cash 55,996 (40,700)
Cash, Cash Equivalents and Restricted Cash Beginning of Period 122,053 181,318
Cash, Cash Equivalents and Restricted Cash End of Period 178,049 140,618
Supplemental disclosure of non-cash investing and financing activities:    
Net unrealized loss on investments 110 69
Acquisition of property and equipment included in accounts payable and accrued expenses 6,491 683
Intangible asset and deferred tax liability arising from contingent consideration 0 17,495
Accrued offering costs in accounts payable and accrued expenses 0 552
Conversion of convertible preferred stock to common stock 1 0
Increase / (decrease) in lease liabilities due to obtaining/(reduction) in right-of-use assets from lease modifications $ (1,429) $ 11,297