v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:        
Net loss $ (55,889) $ (67,280) $ (120,604) $ (151,767)
Stock-based compensation     10,944 9,601
Depreciation and amortization 3,983 4,171 7,899 8,394
Gain on extinguishment of debt (8,639) 0 (8,639) 0
Amortization of debt issuance costs     918 1,143
Accretion of marketable securities purchased at a discount     (810) (4,007)
Other non-cash items     (11) (22)
Change in operating assets and liabilities:        
Other current and non-current assets     7,139 (550)
Accounts payable     2,851 3,965
Customer deposits     1,735 (3,622)
Other current and non-current liabilities     (5,095) 5,501
Net cash used in operating activities     (103,673) (131,364)
Cash flows from investing activities:        
Capital expenditures     (80,373) (104,408)
Purchases of marketable securities     (68,118) (220,925)
Proceeds from maturities and calls of marketable securities     163,465 355,959
Other investing activities     10 8
Net cash provided by investing activities     14,984 30,634
Cash flows from financing activities:        
Payments of long-term debt     (8,203) 0
Payments of finance lease obligations     (119) (98)
Other debt and equity transaction costs     (247) 0
Proceeds from issuance of common stock pursuant to employee stock purchase plan     476 0
Withholding taxes paid on behalf of employees on net settled stock-based awards     (1,793) (108)
Net cash provided by financing activities     131,386 83,572
Net increase (decrease) in cash, cash equivalents and restricted cash     42,697 (17,158)
Cash, cash equivalents and restricted cash at beginning of period     175,715 210,885
Cash, cash equivalents and restricted cash at end of period 218,412 193,727 218,412 193,727
Cash and cash equivalents 187,340 163,547 187,340 163,547
Restricted cash 31,072 30,180 31,072 30,180
Cash, cash equivalents and restricted cash $ 218,412 $ 193,727 218,412 193,727
At The Market Offering        
Cash flows from financing activities:        
Proceeds from issuance of common stock pursuant to at-the-market offering     145,020 86,330
Transaction costs related to issuance of common stock pursuant to at-the-market offering     $ (3,748) $ (2,552)