v3.26.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss $ (109,579) $ (50,532)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 19,386 18,849
Stock-based compensation expense 50,385 48,376
Gain on sale of business 0 (48,847)
Other non-cash adjustments [1] (673) 1,963
Changes in assets and liabilities:    
Accounts receivable, net [1] (8,497) (15,172)
Inventories (6,852) (1,861)
Prepaid expenses and other current assets [1] (18,960) (1,822)
Other non-current assets (302) (603)
Accounts payable 4,580 9,616
Accrued compensation 3,601 (4,692)
Accrued expenses and other liabilities 25,653 8,911
Net cash used in operating activities (41,258) (35,814)
Investing activities    
Purchases of property and equipment (27,624) (15,577)
Purchase of intangible asset (100) 0
Purchases of investments (38,462) (28,257)
Proceeds from maturity of investments 38,350 28,975
Proceeds from sale of business 0 2,500
Cash paid for asset acquisition (5,000) 0
Cash paid for investment in equity securities (1) 0
Net cash used in investing activities (32,837) (12,359)
Financing activities    
Proceeds from exercise of stock options 5,882 5,551
Proceeds from the issuance of liability related to sale of future revenue 0 15,000
Proceeds from issuance under employee stock purchase plan 2,357 2,429
Repurchases of common stock for income tax withholding (16) (14)
Net cash provided by financing activities 8,223 22,966
Effect of exchange rates on cash, cash equivalents and restricted cash 13 (20)
Net decrease in cash, cash equivalents, and restricted cash (65,859) (25,227)
Cash, cash equivalents, and restricted cash at beginning of period 185,425 229,132
Cash, cash equivalents, and restricted cash at end of period 119,566 203,905
Supplemental disclosure of cash flow information    
Income taxes paid, net of refunds 529 23
Non-cash investing and financing activities    
Property and equipment additions included in accounts payable and accrued expenses 3,343 1,822
Equity securities received as consideration for sale of business 0 53,890
Promissory note receivable received as consideration for sale of business 0 1,696
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 24,773 0
Issuance of common stock for investment in equity securities 13,750 0
Issuance of common stock in connection with asset acquisition 10,000 0
Liability for issuance of common stock in connection with asset acquisition $ 5,000 $ 0
[1] Includes immaterial changes in a related party's balances