v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (2,723) $ (53,147)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-based compensation expense 5,035 19,169
Depreciation and amortization expense 26,992 48,320
Deferred tax assets (11) 149
Operating lease expense, net of accretion 1,076 2,019
Amortization of debt issuance costs 53 418
Loss from write-offs of property and equipment 48 558
Gain on early extinguishment of debt (523) (7,360)
Realized gain on sale of investments (5) (752)
Impairment expense 0 2,000
Impairment of lease related assets 0 3,004
Impairment of equity investment 0 6,000
Litigation settlement (credits) charges (3,000) 7,500
Other non-cash items (298) 325
Change in assets and liabilities:    
Accounts receivable 4,816 6,114
Prepaid expenses and other current assets 7,572 (941)
Other assets 260 928
Accounts payable 1,376 (6,038)
Deferred revenue (2,839) (5,945)
Accrued liabilities (22,846) (1,113)
Other liabilities (822) (1,522)
Net cash provided by operating activities 14,161 19,686
Cash flows from investing activities    
Purchases of property and equipment (4,700) (15,895)
Purchases of investments 0 (793)
Maturities of investments 20,031 107,710
Proceeds from sale of investments 5,679 181,158
Net cash provided by investing activities 21,010 272,180
Cash flows from financing activities    
Repayment of convertible senior notes (19,450) (416,492)
Repurchase of common stock (1,721) 0
Payment of taxes related to the net share settlement of equity awards (774) (1,037)
Proceeds from common stock issued under stock plans 68 391
Net cash used in financing activities (21,877) (417,138)
Effect of exchange rate changes (451) 491
Net increase (decrease) in cash, cash equivalents and restricted cash 12,843 (124,781)
Cash, cash equivalents and restricted cash, beginning of period 33,411 164,359
Cash, cash equivalents and restricted cash, end of period 46,254 39,578
Supplemental cash flow data:    
Interest 0 224
Income taxes, net of refunds (221) 1,072
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases 2,355 3,775
Right of use assets obtained in exchange for lease obligations:    
Operating leases 0 1,636
Non-cash investing and financing activities:    
Accrued purchases of long-lived assets $ 51 $ 3,050