v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 44,687 $ 35,544 $ 85,472 $ 67,381
Costs and operating expenses:        
Cost of revenue — amortization of intangible assets 33,472 33,472 66,944 66,944
Research and development 47,429 46,626 95,450 100,251
Sales and marketing 37,657 28,539 68,325 63,518
General and administrative 50,708 37,914 93,477 82,988
Intangible and other assets impairment 25,423 28,000 25,423 28,000
Total costs and operating expenses 218,470 194,398 395,020 379,842
Loss from operations (173,783) (158,854) (309,548) (312,461)
Other income:        
Interest income 7,230 6,809 15,216 14,588
Other income (expense), net (155) (811) 101 (1,395)
Total other income, net 7,075 5,998 15,317 13,193
Loss before income taxes (166,708) (152,856) (294,231) (299,268)
Benefit from income taxes 56,461 38,871 90,797 79,070
Net loss $ (110,247) $ (113,985) $ (203,434) $ (220,198)
Net loss per share        
Net loss per share—Basic (in dollars per share) $ (2.56) $ (3.18) $ (4.86) $ (6.28)
Net loss per share—Diluted (in dollars per share) $ (2.56) $ (3.18) $ (4.86) $ (6.28)
Weighted-average shares of common stock used in computing net loss per share—Basic (in shares) 43,112,595 35,793,154 41,883,565 35,054,896
Weighted-average shares of common stock used in computing net loss per share—Diluted (in shares) 43,112,595 35,793,154 41,883,565 35,054,896
Screening revenue        
Revenue:        
Total revenue $ 42,642 $ 34,379 $ 82,474 $ 63,512
Costs and operating expenses:        
Cost of revenue 23,347 19,346 44,591 36,469
Development Services        
Revenue:        
Total revenue 2,045 1,165 2,998 3,869
Costs and operating expenses:        
Cost of revenue $ 434 $ 501 $ 810 $ 1,672