v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net loss $ (128,733) $ (154,615)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 76,942 71,022
Amortization of intangible asset 4,768 4,768
Amortization of debt discount 491 1,142
Loss on debt extinguishment 0 10,385
Depreciation 387 389
Loss (Gain) in fair value of contingent consideration (3,286) 6,595
Gain from lease modification   (2,250)
Non-cash lease expense 2,574 2,249
Right-of-use asset amortization for finance lease 3,155 1,633
Changes in operating assets and liabilities:    
Accounts receivable, net (118,650) (54,506)
Inventories, net (13,260) (7,020)
Prepaid expenses and other current assets (11,433) (7,811)
Non-current inventory and other assets (304) (5,159)
Accounts payable 30,538 (17,770)
Accrued expenses and other current liabilities 95,896 76,569
Operating lease liability (2,206) (373)
Net cash used in operating activities (63,121) (74,752)
Cash flows from investing activities    
Purchases of equipment (768) (409)
Net cash used in investing activities (768) (409)
Cash flows from financing activities    
Proceeds from draw down of debt 210,000 260,000
Payment of debt issuance costs   (3,638)
Repayment of debt (210,000) (261,988)
Payments on principal portion of finance lease obligation (3,303) (1,583)
Proceeds from issuance of common stock upon financing 19,817 62,229
Cash paid for common stock issuance costs (297) (1,099)
Proceeds from issuance of common stock upon exercise of options and under employee stock purchase plan 62,009 44,220
Payment of contingent consideration (9,431) (6,995)
Payments of tax withholdings on stock awards (13,980) (6,066)
Net cash provided by financing activities 54,815 85,080
Net increase (decrease) in cash (9,074) 9,919
Cash at beginning of period 322,933 315,353
Cash at end of period 313,859 325,272
Supplemental disclosures of cash flow information:    
Interest paid 9,114 11,576
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 $ 12,481 4,395
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