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 $ (18,766) $ (2,547)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 4,787 5,027
Amortization of right-of-use assets 1,305 294
Amortization of intangible assets 329 221
Amortization of debt discount and deferred financing fees 68 666
Provision for bad debts 4 358
Loss on disposal of equipment 26 0
Change in fair value of debt derivative liabilities 0 (531)
Investment gains, net (191) (238)
Loss on extinguishment of debt 16,849 0
Stock-based compensation expense 24,403 13,501
Change in operating assets and liabilities:    
Accounts receivable (7,843) (7,028)
Inventory (6,690) (7,398)
Prepaid expenses and other assets 1,399 (619)
Other assets, net (1,989) 0
Accounts payable and accrued expenses 13,359 (2,985)
Operating lease obligations (1,724) (833)
Cash paid for interest portion of financing lease obligations (4) (3)
Other long-term liabilities 0 (111)
Net cash provided by (used in) operating activities 25,322 (2,226)
Cash flows from investing activities:    
Purchase of property and equipment (5,074) (2,498)
Purchase of investments (27,209) (13,723)
Proceeds from sale of investments 14,200 8,000
Purchases of equity investments held at cost (7,008) 0
Cash payments for intangible assets (1,306) (1,138)
Net cash used in investing activities (26,397) (9,359)
Cash flows from financing activities:    
Proceeds from issuance of common stock 359,622 0
Payment of stock issuance costs (1,341) 0
Repayment of long-term debt (48,585) 0
Fees paid to lender related to debt extinguishment (20,498) 0
Fees paid to third parties related to debt extinguishment (107) 0
Payments of employee tax withholding on vested stock awards (9,447) 0
Cash paid for debt portion of financing lease obligations (14) (11)
Proceeds from exercise of stock options and ESPP stock purchases 12,785 5,944
Net cash provided by financing activities 292,415 5,933
Net increase (decrease) in cash and cash equivalents, and restricted cash 291,340 (5,652)
Cash and cash equivalents, and restricted cash, beginning of period 39,548 33,554
Cash and cash equivalents, and restricted cash, end of period 330,888 27,902
Supplemental disclosures of cash flow activity:    
Cash paid for interest 628 5,089
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of property and equipment change in accounts payable and accrued expenses (99) 236
Acquisition of right-of-use asset in exchange for a lease liability 1,967 0
Acquisition of intangible assets change in accounts payable and accrued expenses $ 183 $ (63)