v3.26.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (129,297) $ (151,257)
Net income (loss) from discontinued operations, net of tax 4,083 (14,753)
Net loss from continuing operations (133,380) (136,504)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 25,114 30,071
Stock-based compensation 23,448 36,189
(Gain) loss on investments (773) 3,958
Loss on equity method investment 4,673 0
Change in fair value of notes receivable 6,759 5,285
Change in fair value of contingent consideration 0 (4,232)
Non-cash lease expense 13,257 14,866
Accretion of discount on marketable securities (91) 0
Other non-cash activity (289) 46
Changes in operating assets and liabilities:    
Changes in operating assets and liabilities: 3,471 2,198
Prepaid expenses and other current assets (775) (3,043)
Operating lease right-of-use assets 0 3,814
Other non-current assets 142 (125)
Accounts payable, accrued expenses and other current liabilities (7,657) (3,341)
Deferred revenue (5,638) (24,005)
Operating lease liabilities, current and non-current (10,743) (11,638)
Other non-current liabilities (6,124) 5,156
Net cash used in operating activities - continuing operations (88,606) (81,305)
Net cash used in operating activities - discontinued operations (2,353) (10,470)
Net cash used in operating activities - continuing operations (90,959) (91,775)
Cash flows from investing activities:    
Purchases of marketable debt securities (127,445) (320,132)
Maturities of marketable debt securities 166,168 64,958
Purchases of property and equipment (4,552) (7,660)
Other 48 262
Net cash provided by (used in) investing activities 34,219 (262,572)
Cash flows from financing activities:    
Proceeds from ATM offering 17,049 0
Payment of issuance costs related to ATM offering (560) 0
Principal payments on finance leases (19) (305)
Net cash provided by (used in) financing activities 16,470 (305)
Effect of foreign exchange rates on cash and cash equivalents (86) 260
Net decrease in cash, cash equivalents and restricted cash (40,356) (354,392)
Cash and cash equivalents, beginning of period 167,202 561,572
Restricted cash, beginning of period 45,169 44,171
Cash, cash equivalents and restricted cash, beginning of period 212,371 605,743
Cash and cash equivalents, end of period 84,535 203,566
Restricted cash, end of period 87,480 47,785
Cash, cash equivalents and restricted cash, end of period $ 172,015 $ 251,351