v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net loss $ (16,582) $ (21,325)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,999 33,178
Stock-based compensation expense 21,365 22,387
Net (gains) losses on equity securities (1,392) 240
Deferred income taxes (13) (5,437)
Accretion of discounts on marketable investment securities (846) (2,606)
Other 767 219
Change in operating assets and liabilities:    
Accounts receivable (4,742) (1,307)
Prepaid expenses and other current assets (7,544) (4,696)
Inventory (326) (231)
Operating lease assets 599 664
Other assets (788) (13)
Accounts payable 886 1,689
Operating lease liabilities (231) (869)
Accrued compensation (11,394) (7,582)
Other accrued and current liabilities 5,314 474
Net cash (used in) provided by operating activities (6,928) 14,785
INVESTING ACTIVITIES    
Purchases of marketable investment securities (109,622) (92,832)
Proceeds from maturities of marketable investment securities 80,100 80,300
Proceeds from maturities of debt securities classified as held-to-maturity 5,600 0
Purchases of debt securities classified as held-to-maturity 0 (5,569)
Proceeds from sale of equity securities 3,248 0
Asset acquisition, net of cash and cash equivalents acquired 0 (18,726)
Purchases of property and equipment (21,105) (14,003)
Proceeds from sale of property and equipment 13 21
Net cash used in investing activities (41,766) (50,809)
FINANCING ACTIVITIES    
Proceeds from exercise of common stock options 417 37
Payment of employees’ taxes on vested restricted stock units and performance-based restricted stock units (7,391) (3,104)
Proceeds from contributions to the employee stock purchase plan 2,103 1,482
Payment of contingent consideration (1,000) 0
Repayment of principal portion of finance lease liabilities (48) (57)
Proceeds from lease incentives received 0 190
Net cash used in financing activities (5,919) (1,452)
NET CHANGE IN CASH AND CASH EQUIVALENTS (54,613) (37,476)
Beginning of period 116,729 119,709
End of period 62,116 82,233
DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Asset acquisition, liability for contingent consideration 0 2,500
Accrued purchases of property and equipment 1,034 6,822
Property and equipment acquired with tenant improvement allowance 0 7,224
Operating lease assets obtained in exchange for lease obligations 0 4,687
Decrease in operating lease assets with corresponding change in lease liabilities 0 (104)
Finance lease assets obtained in exchange for lease obligations $ 4 $ 119