v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (203,434) $ (220,198)
Adjustments to reconcile net loss to net cash used by operating activities:    
Amortization of intangible assets 69,167 69,167
Depreciation 8,315 9,287
Stock-based compensation expense 36,350 30,379
Deferred income taxes (91,220) (79,070)
Amortization of discount on marketable securities (12,778) (11,811)
Intangible and other assets impairment 25,423 28,000
Credit loss expense 631 412
Other (259) 1,094
Changes in operating assets and liabilities:    
Accounts receivable, net (2,093) 3,587
Supplies (1,746) (902)
Operating lease right-of-use assets and liabilities, net (395) 363
Prepaid expenses and other assets (1,078) 4,790
Accounts payable 5,190 1,405
Accrued and other liabilities 208 (8,480)
Net cash used in operating activities (167,719) (171,977)
Cash flows from investing activities    
Purchases of property and equipment (935) (431)
Purchases of marketable securities (800,279) (502,489)
Proceeds from maturities of marketable securities 661,200 587,900
Net cash (used in) provided by investing activities (140,014) 84,980
Cash flows from financing activities    
Issuance of common stock under ESPP 4,593 0
Proceeds from issuance of common stock in connection with the Samsung SPA, net of issuance costs 109,018 0
Net cash provided by financing activities 113,611 0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 40 190
Net decrease in cash, cash equivalents, and restricted cash (194,082) (86,807)
Cash, cash equivalents and restricted cash — beginning of period 256,701 217,583
Cash, cash equivalents and restricted cash — end of period 62,619 130,776
Represented by:    
Cash and cash equivalents 55,645 127,427
Restricted cash 6,974 3,349
Total 62,619 130,776
Supplemental cash flow information:    
Property and equipment included in accounts payable and accrued liabilities (89) (127)
Operating cash flows paid for operating leases, net (8,525) (8,671)
Right-of-use assets obtained in exchange for new operating lease liabilities 45,139 0
Tax benefit recognized in connection with the Samsung SPA deferred asset $ 6,343 $ 0