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 $ (126,360) $ (227,821)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 23,002 37,858
Unrealized foreign exchange loss (gain) 437 (97)
Amortization of intangible assets 11,432 11,465
Amortization of right of use asset 2,778 5,747
Depreciation and amortization of property and equipment 6,607 5,950
Deferred tax benefit (2,038) 150
Excess and obsolescence reserve 2,808 8,311
Accretion of discounts and premiums on investments (2,533) (4,149)
Loss on asset disposals 670 44
Gain on loan forgiveness (1,000)  
Changes in assets and liabilities:    
Prepaid expenses, other assets and long-term assets 4,444 (10,138)
Trade accounts receivable (19,671) 9,402
Inventory (5,108) (7,187)
Operating lease liabilities (2,800) (5,590)
Accounts payable 4,070 2,945
Accrued expenses and other liabilities (29,653) 1,969
Net cash used in operating activities (132,915) (171,141)
Cash Flows from Investing Activities    
Maturities of investments 135,000 210,000
Purchase of investments (185,607) (166,619)
Purchase of property and equipment (12,049) (13,672)
Net cash provided by (used in) investing activities (62,656) 29,709
Cash Flows from Financing Activities    
Tax payments related to shares withheld for vested restricted stock units (5,345) (6,148)
Proceeds from the issuance of common stock under employee stock purchase plan 861 669
Proceeds from the issuance of common stock upon exercise of options 26 15
Proceeds from the issuance of common stock, net 148,081 162,009
Net cash provided by financing activities 143,623 156,545
Effect of foreign exchange rate changes (337) 1,247
Net increase (decrease) in cash, cash equivalents and restricted cash (52,285) 16,360
Cash, Cash Equivalents and Restricted Cash Beginning of Period 169,058 122,053
Cash, Cash Equivalents and Restricted Cash End of Period 116,773 138,413
Supplemental disclosure of non-cash investing and financing activities:    
Net unrealized loss on investments 137 140
Acquisition of property and equipment included in accounts payable and accrued expenses 5,171 13,283
Conversion of convertible preferred stock to common stock   1
Increase in lease liabilities due to obtaining right-of-use assets from lease modifications $ 359 $ 496