v3.26.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Net revenue $ 218,057 $ 126,459 $ 524,092 $ 331,205
Cost of net revenue 89,987 54,558 219,475 143,948
Gross profit 128,070 71,901 304,617 187,257
Operating expenses:        
Research and development 60,642 54,252 169,837 156,908
Selling, general and administrative 36,947 47,674 125,155 117,624
Restructuring charges 254 11,264 792 24,723
Total operating expenses 97,843 113,190 295,784 299,255
Income (loss) from operations 30,227 (41,289) 8,833 (111,998)
Interest income 465 874 1,572 2,550
Interest expense (2,692) (2,649) (7,158) (7,665)
Other income (expense), net 170 (324) (279) (5,978)
Total other income (expense), net (2,057) (2,099) (5,865) (11,093)
Income (loss) before income taxes 28,170 (43,388) 2,968 (123,091)
Income tax provision (benefit) (732) 2,097 17,443 (1,307)
Net income (loss) $ 28,902 $ (45,485) $ (14,475) $ (121,784)
Net income (loss) per share:        
Basic (in usd per share) $ 0.32 $ (0.52) $ (0.16) $ (1.41)
Diluted (in usd per share) $ 0.30 $ (0.52) $ (0.16) $ (1.41)
Shares used to compute net income (loss) per share:        
Basic (in shares) 90,816 87,186 89,497 86,368
Diluted (in shares) 97,714 87,186 89,497 86,368