v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net loss $ (43,377) $ (76,299)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Amortization and depreciation 18,130 18,582
Amortization of debt issuance costs and accretion of discounts 839 1,001
Stock-based compensation 47,506 36,024
Deferred income taxes 14,902 (6,355)
Loss on disposal of property and equipment 200 900
Reduction in the carrying amount of leased right-of-use assets 3,615 3,784
Impairment of leased right-of-use assets 233 427
Gain on extinguishment of lease liabilities (328) 0
Loss on foreign currency 247 5,461
Excess tax benefits on stock-based awards (10,615) (2,274)
Changes in operating assets and liabilities:    
Accounts receivable (4,915) (20,354)
Inventory (27,386) 4,312
Prepaid expenses and other assets (22,501) 4,480
Accounts payable, accrued expenses and other current liabilities (709) 29,141
Accrued compensation 21,211 11,849
Accrued price protection liability 4,699 (3,881)
Lease liabilities (5,485) (5,777)
Other long-term liabilities (329) (1,932)
Net cash used in operating activities (4,063) (911)
Investing Activities    
Purchases of property and equipment (3,722) (3,161)
Purchases of intangible assets (1,665) (6,207)
Proceeds from convertible notes receivable (2,000) 0
Net cash used in investing activities (7,387) (9,368)
Financing Activities    
Proceeds from borrowings under revolving credit facility 20,000 0
Repayment of borrowings under revolving credit facility (20,000) 0
Payment of debt issuance costs (479) 0
Proceeds from funding arrangement 8,000 0
Net proceeds from issuance of common stock, net of costs 3,804 2,140
Minimum tax withholding paid on behalf of employees for restricted stock units (7,438) (2,201)
Net cash provided by (used in) financing activities 3,887 (61)
Effect of exchange rate changes on cash and cash equivalents (117) 990
Decrease in cash, cash equivalents and restricted cash (7,680) (9,350)
Cash, cash equivalents and restricted cash at beginning of period 101,412 119,603
Cash, cash equivalents and restricted cash at end of period 93,732 110,253
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,984 4,322
Cash paid for income taxes, net of refunds (2,116) 2,994
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 32,205 $ 5,163