v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net Income (Loss) $ (111,774) $ (88,156)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 9,197 9,399
Stock-based compensation 31,532 36,784
Loss on disposal of long-lived assets 8 0
Non-cash lease impairment expense 1,910 0
Settlement of derivative contracts 0 355
Amortization of operating lease right-of-use asset 4,069 3,928
Changes in assets and liabilities:    
Prepaid expenses and other current assets 108 (1,601)
Other assets 68 (140)
Accounts payable 1,129 (11,914)
Accrued and other current liabilities 3,636 (8,910)
Operating lease liability (5,133) (5,838)
Long-term deposit 1,500 0
Net cash used in operating activities (63,750) (66,093)
Cash flows from investing activities    
Purchase of property and equipment (403) (71)
Settlement of derivative contracts 0 (355)
Net cash used in investing activities (403) (426)
Cash flows from financing activities    
Proceeds from issuance of common stock upon options exercise 162 38
Proceeds from issuance of common stock pursuant to ESPP 82 59
Net cash provided by financing activities 244 97
Net (decrease) in cash, cash equivalents and restricted cash (63,909) (66,422)
Cash, cash equivalents and restricted cash, at beginning of period 174,258 291,831
Cash, cash equivalents and restricted cash, at end of period 110,349 225,409
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets    
Cash and cash equivalents 104,165 219,225
Restricted cash 6,184 6,184
Total cash, cash equivalents and restricted cash in consolidated balance sheets 110,349 225,409
Supplemental disclosures of non-cash investing and financing information:    
Operating lease right-of-use asset obtained in exchange for operating lease liability 0 (49)
Purchase of property and equipment under accounts payable and accruals $ 13 $ 180