v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income (loss) $ (31,401) $ 180
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation expense 48,258 58,635
Depreciation and amortization 19,621 15,837
Non-cash lease expense 3,969 3,628
Fair value adjustments on contingent consideration 3,466 0
Asset and lease impairment charges 0 114
Deferred income taxes (1,434) 0
Other (616) (926)
Changes in operating assets and liabilities:    
Accounts receivable (534) 37,917
Other receivables 32,147 (68,484)
Inventory 5,703 15,084
Prepaid expenses and other current assets 3,151 (741)
Other noncurrent assets (11,923) 2,439
Accounts payable 8,072 3,488
Accrued compensation and other related benefits (17,833) (7,817)
Deferred revenue (1,509) (458)
Accrued contingent consideration and assumed liabilities (613) 0
Accrued expenses and other current liabilities (9,694) (2,891)
Operating lease liability (5,826) (4,986)
Other noncurrent liabilities 90 1,040
Net cash provided by operating activities 43,094 52,059
Investing activities:    
Business combination (6,101) 0
Purchases of property and equipment (3,185) (3,471)
Purchases of marketable securities (49,260) (49,361)
Proceeds from maturities of marketable securities 50,000 50,000
Purchase of equity interest rights (500) 0
Net cash used in investing activities (9,046) (2,832)
Financing activities:    
Issuance of common stock from exercise of stock options 3,289 3,944
Payment of contingent consideration (8,690) 0
Net cash provided by (used in) financing activities (5,401) 3,944
Effect of exchange rates changes on cash and cash equivalents (101) 474
Net increase in cash and cash equivalents 28,546 53,645
Cash and cash equivalents at beginning of period 473,966 344,067
Cash and cash equivalents at end of period 502,512 397,712
Supplemental disclosures of cash flow information:    
Net cash paid for income taxes 949 1,318
Noncash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities 79 301
Issuance of Class A common stock for settlement of contingent consideration 8,703 0
Right-of-use assets obtained in exchange for new operating lease liabilities $ 0 $ 8,307