v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (60,026) $ (59,808)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Change in fair value of equity investments 13,487 13,095
Depreciation and amortization 1,476 1,589
Stock-based compensation 9,073 11,574
Noncash investment accretion (664) (861)
Loss on disposal of property and equipment 11 0
Decrease (increase) in assets:    
Accounts receivable, net (includes related party amounts of $100 and $0, respectively) 55,788 215,345
Unbilled and other receivables 422 (6,332)
Reduction in the carrying amount of right of use assets - operating leases 2,538 2,222
Prepaid expenses and other assets 4,486 (788)
Increase (decrease) in liabilities:    
Accounts payable 455 1,344
Accrued payroll, taxes, and benefits (14,488) (20,616)
Deferred revenue (29,600) (10,804)
Lease liabilities - operating leases (2,272) (1,669)
Other accrued liabilities 4,480 (228)
Net cash (used in) provided by operating activities (14,834) 144,063
Cash flows from investing activities:    
Purchases of property and equipment (2,507) (596)
Proceeds from disposition and sale of equity investments, net 20,334 0
Purchases of marketable securities (34,055) (27,556)
Proceeds from maturity of marketable securities 60,827 58,784
Net cash provided by investing activities 44,599 30,632
Cash flows from financing activities:    
Proceeds from issuances of common stock upon stock option exercises 583 423
Principal payments on finance leases (14) (14)
Net cash provided by financing activities 569 409
Net increase in cash and cash equivalents and restricted cash 30,334 175,104
Cash and cash equivalents and restricted cash, beginning of period 237,385 162,657
Cash and cash equivalents and restricted cash, end of period 267,719 337,761
Supplemental disclosure of cash flow and noncash information    
Cash paid for income taxes 266 139
Supplemental disclosure of non-cash investing and financing activities    
Purchases of property and equipment in accounts payable 78 13
Purchases of property and equipment in accrued liabilities $ 0 $ 25