v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (10,572) $ (41,513)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,767 8,741
Reduction in carrying amount of right-of-use asset 1,175 2,212
Lease termination 0 (30)
Stock-based compensation 19,673 15,237
Income from unconsolidated joint venture (101) (90)
Donation of common stock 2,637 1,130
Loss on debt extinguishment 0 16,430
Amortization of deferred costs on convertible notes 1,142 937
Deferred tax benefit (12) (23)
Changes in other assets and liabilities:    
Accounts receivable, net (33,314) (13,505)
Inventory (23) (572)
Prepaid expenses (935) (118)
Other assets (6,356) (59)
Accounts payable and accrued cost of revenue 25,658 6,361
Other accrued expenses 5,520 1,994
Contract liabilities 3,263 2,050
Lease liabilities (930) (3,170)
Other liabilities (54) (22)
Income taxes payable 4 (108)
Net cash provided by (used in) operating activities 17,542 (4,118)
Cash flows from investing activities:    
Purchases of marketable securities (326,771) (4,438)
Proceeds from sale of marketable securities 36,000 13,000
Capitalization of software development and purchases of property and equipment (23,960) (12,462)
Distributions in excess of earnings 0 66
Net cash used in investing activities (314,731) (3,834)
Cash flows from financing activities:    
Proceeds from issuance of convertible notes 0 250,000
Costs incurred in connection with issuance of convertible notes 0 (7,822)
Payments for repurchase of convertible notes 0 (215,992)
Purchase of capped calls 0 (17,475)
Purchase of treasury stock 0 (8,080)
Proceeds from stock options exercised 5,896 1,415
Proceeds from issuance of common stock, net of underwriters' discount 248,400 0
Payment of costs related to issuance of common stock (315) 0
Proceeds from issuance of common stock under Siemens agreement 50,000 0
Net cash provided by financing activities 303,981 2,046
Effect of foreign currency translation on cash and cash equivalents (35) 425
Net increase (decrease) in cash and cash equivalents 6,757 (5,481)
Cash and cash equivalents at beginning of the period 14,996 22,232
Cash and cash equivalents at end of the period 21,753 16,751
Supplemental cash flow information:    
Cash paid for interest 1,367 2,171
Cash paid for income taxes 562 0
Non-cash investing and financing activities:    
Stock-based compensation included in capitalized software development costs 4,733 0
Non-cash consideration in connection with business combination 0 625
Non-cash costs incurred in connection with the issuance of convertible notes 0 791
Non-cash purchase of property and equipment 0 61
Non-cash costs associated with common stock offering $ 452 $ 0