v3.26.1
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 $ (55,895) $ (59,225)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11,159 8,924
Stock-based compensation to employees and directors 3,608 4,480
Gain on sale of intangible assets 0 (5,790)
Impairment of long-lived assets (including leases) 5,247 0
Gain on disposal of property and equipment (22) 0
Loss from equity method securities 2,405 23,649
Other non-cash adjustments (4,651) 1,545
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (7,133) (2,500)
Inventories 8,842 3,136
Prepaids and other current assets (12,945) (1,748)
Other long-term assets, net 359 (554)
Accounts payable 1,761 29,368
Accrued liabilities 709 (28,477)
Unearned revenue 1,521 (5,433)
Operating lease assets and liabilities (2,656) 208
Other long-term liabilities (2,349) (2,675)
Net cash used in operating activities (50,040) (35,092)
Cash flows from investing activities:    
Expenditures for property and equipment (4,649) (2,994)
Purchase of intangible assets (1,600) (5,214)
Acquisitions of businesses, net of cash acquired (6,010) 0
Purchase of equity securities 0 (8,000)
Proceeds from the sale of intangible assets 0 1,250
Proceeds from sale of property and equipment 31 0
Disbursement of notes receivable (27,168) (5,232)
Dividends from token offering (37)
Other investing activities, net 0 2
Net cash used in investing activities (39,433) (20,188)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of offering costs 0 24,222
Payments on short-term debt 0 (6,500)
Proceeds from short-term debt 7,500 0
Repayments on revolving line of credit (18,070) 0
Proceeds from revolving line of credit 25,924 0
Repurchase of shares 0 (1,311)
Payments of taxes withheld upon vesting of employee stock awards (1,728) (539)
Proceeds from employee stock purchase plan 354 0
Other financing activities, net (350) 846
Net cash provided by financing activities 13,630 16,718
Net decrease in cash, cash equivalents, and restricted cash (75,843) (38,562)
Cash, cash equivalents, and restricted cash, beginning of period 202,219 186,093
Cash, cash equivalents, and restricted cash, end of period 126,376 147,531
Non-cash investing and financing activities:    
Non-cash acquisition of TBHC and SFV Services $ 94,979 $ 0