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 $ 151,036 $ 172,908 $ 301,879 $ 327,791
Cost of products and services revenue 38,539 47,824 83,204 97,262
Gross profit 112,497 125,084 218,675 230,529
Operating expenses:        
Research and development 56,791 61,224 113,638 125,469
Selling, general and administrative 78,661 74,434 145,038 164,162
Gain on settlement (3,400) (40,700) (3,400) (49,900)
Total operating expenses 132,052 94,958 255,276 239,731
Income (loss) from operations (19,555) 30,126 (36,601) (9,202)
Other income (expense):        
Interest income 4,797 4,271 9,811 7,957
Interest expense 0 (3) 0 (3)
Other income (expense), net (3,887) 2,603 (4,702) 4,739
Total other income 910 6,871 5,109 12,693
Income (loss) before provision for income taxes (18,645) 36,997 (31,492) 3,491
Provision for (benefit from) income taxes (714) 2,459 (91) 3,311
Net income (loss) $ (17,931) $ 34,538 $ (31,401) $ 180
Net income (loss) per share, basic (in dollars per share) $ (0.14) $ 0.28 $ (0.24) $ 0.00
Net income (loss) per share, diluted (in dollars per share) $ (0.14) $ 0.28 $ (0.24) $ 0.00
Weighted-average shares used to compute net income (loss) per share, basic (in shares) 129,984,169 123,755,409 129,050,312 123,183,924
Weighted-average shares used to compute net income (loss) per share, diluted (in shares) 129,984,169 124,509,720 129,050,312 124,258,150
Products and services revenue        
Revenue $ 149,094 $ 145,157 $ 298,990 $ 282,980
License and royalty revenue        
Revenue $ 1,942 $ 27,751 $ 2,889 $ 44,811