v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (115,856) $ (107,386)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 50,586 47,919
Amortization of intangible asset 3,161 3,161
Amortization of debt discount 323 984
Loss on debt extinguishment 0 10,385
Depreciation 259 269
Gain in fair value of contingent consideration (906) (6,590)
Gain from lease modification   (2,250)
Non-cash lease expense 1,701 1,432
Right-of-use asset amortization for finance lease 1,834 949
Changes in operating assets and liabilities:    
Accounts receivable, net (52,995) (56,824)
Inventories, net (9,000) (2,026)
Prepaid expenses and other current assets (7,726) (4,360)
Non-current inventory and other assets (907) (3,223)
Accounts payable 13,432 19,631
Accrued expenses and other current liabilities 63,839 22,322
Operating lease liability (1,397) (191)
Net cash used in operating activities (53,652) (75,798)
Cash flows from investing activities    
Purchases of equipment (571) (351)
Net cash used in investing activities (571) (351)
Cash flows from financing activities    
Proceeds from draw down of debt 140,000 190,000
Payment of debt issuance costs   (3,638)
Repayment of debt (140,000) (191,988)
Payments on principal portion of finance lease obligation (1,882) (919)
Proceeds from issuance of common stock upon financing 19,817 52,283
Cash paid for common stock issuance costs (297) (910)
Proceeds from issuance of common stock upon exercise of options and under employee stock purchase plan 51,949 28,696
Payment of contingent consideration (6,312) (4,488)
Payments of tax withholdings on stock awards (12,135) (5,224)
Net cash provided by financing activities 51,140 63,812
Net decrease in cash (3,083) (12,337)
Cash at beginning of period 322,933 315,353
Cash at end of period 319,850 303,016
Supplemental disclosures of cash flow information:    
Interest paid 5,969 8,359
Operating lease right-of-use asset obtained in exchange for operating lease liability   23,869
Finance lease right-of-use asset obtained in exchange for finance lease liability $ 10,427 2,360
Decrease in operating lease right-of-use asset due to lease modification   5,349
Decrease in operating lease liability due to lease modification   $ 7,599