v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Operating Activities          
Net loss     $ (41,561) $ (182,956)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:          
Depreciation and amortization expense     8,974 8,678  
Amortization of debt issuance costs     1,384 970  
Provision for expected credit losses $ 3,249 $ 2,146 5,358 3,577  
Operating lease and other impairment charges     0 6,697  
Amortization of discount or (accretion of premium) on short-term investments     (1,821) (1,780)  
Loss from equity method investment 5,641 3,375 9,506 6,917  
Stock-based compensation expense     31,400 51,130  
Acquired in-process research and development expenses 0 0 0 75,217  
Other     1,005 424  
Changes in operating assets and liabilities:          
Accounts receivable, net     (3,082) (13,516)  
Inventories     (8,564) 12,058  
Prepaid and other current assets     (18,502) (2,348)  
Other long-term assets     (11,134) 3,524  
Accounts payable     23,500 5,739  
Employee-related liabilities     (17,072) (12,649)  
Deferred revenue     (3,782) (2,710)  
Operating leases and other current liabilities     4,095 8,403  
Other long-term liabilities     (3,280) 4,851  
Net cash used in operating activities     (23,576) (27,774)  
Investing Activities          
Purchases of short-term investments     (260,512) (26,496)  
Proceeds from maturities and redemptions of short-term investments     69,473 146,447  
Purchases of property and equipment     (10,318) (9,171)  
Acquisition of in-process research and development     0 (43,464)  
Purchases of equity investments, strategic investments, and intangible assets     (81,427) 0  
Net cash provided by (used in) investing activities     (282,784) 67,316  
Financing Activities          
Proceeds from issuance of convertible senior notes due 2032, net of $8,843 debt issuance costs     291,157 0  
Principal payments on convertible senior notes due 2025     0 (40,760)  
Payment for capped call transactions related to convertible senior notes due 2032     (15,300) 0  
Cash used to settle withholding taxes on vested restricted stock, net of proceeds from issuance of common stock under Company stock plans     458 (3,641)  
Net cash provided by (used in) financing activities     276,315 (44,401)  
Effect of foreign exchange rate changes on cash     2,229 (263)  
Net decrease in cash and cash equivalents     (27,816) (5,122)  
Cash and cash equivalents at beginning of period     90,634 69,234 $ 69,234
Cash and cash equivalents at end of period $ 62,818 $ 64,112 62,818 64,112 $ 90,634
Supplemental disclosures of cash flow information          
Income taxes (refunded) paid     (1,758)    
Income taxes (refunded) paid       4,892  
Supplemental schedule of non-cash investing and financing activities          
Operating lease right-of-use assets obtained in exchange for operating lease obligations     10,224 0  
Purchases of property and equipment included in accounts payable and accrued expenses     1,851 1,073  
Intangible costs in other long-term liabilities     $ 13,300 $ 13,300