v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,917) $ (37,574)
Adjustments to reconcile loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 4 3
Accretion of investments (1,336) (3,019)
Stock-based compensation 5,808 12,322
Amortization of intangible asset 1,910 2,323
Changes in assets and liabilities:    
Accounts receivable, net 15,259 (5,030)
Inventory 37,060 36,979
Prepaid and other current assets 5,358 (17,260)
Other long-term assets (2,606) 104
Interest receivable 120 449
Accounts payable and other current liabilities (19,323) 2,284
Other long-term liabilities (2,122) (131)
Net cash provided by (used in) operating activities 22,215 (8,550)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of securities 151,980 162,300
Purchases of securities (149,583) (149,955)
Net cash provided by investing activities 2,397 12,345
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under employee stock purchase plan 59 57
Taxes paid related to stock-based awards (2,819) (2,087)
Net cash used in financing activities (2,760) (2,030)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 21,852 1,765
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 134,861 121,338
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 156,713 123,103
Cash paid during the year for:    
Income taxes 5,943 (148)
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset $ 970 $ 856