v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Net revenue        
Total net revenue $ 411,537 $ 334,206 $ 1,142,139 $ 904,578
Cost and operating expenses        
Technology research and development 45,708 38,087 135,558 105,960
Research and development 46,000 44,960 146,874 122,453
Selling, general and administrative 231,857 187,891 670,296 523,230
Total cost and operating expenses 468,401 395,202 1,359,627 1,096,037
Loss from operations (56,864) (60,996) (217,488) (191,459)
Interest income 3,985 4,600 11,748 7,506
Interest expense (6,701) (15,399) (31,325) (54,981)
Loss on debt extinguishment 0 (12,034) (11,643) (12,034)
Other income, net 47,132 2,605 122,180 16,879
Loss before (provision for) benefit from income taxes (12,448) (81,224) (126,528) (234,089)
(Provision for) benefit from income taxes (35) (276) (282) 45,692
(Losses) gains from equity method investments (2,368) 1,518 (8,318) (2,465)
Net loss $ (14,851) $ (79,982) $ (135,128) $ (190,862)
Net loss per share, basic $ (0.08) $ (0.46) $ (0.75) $ (1.1)
Net loss per share, diluted $ (0.08) $ (0.46) $ (0.75) $ (1.1)
Weighted-average shares outstanding used to compute net loss per share, basic 181,311 174,945 180,049 172,969
Weighted-average shares outstanding used to compute net loss per share, diluted 181,311 174,945 180,049 172,969
Comprehensive loss, net of tax        
Net loss $ (14,851) $ (79,982) $ (135,128) $ (190,862)
Foreign currency translation adjustment 2,107 (2,915) (736) 5,439
Comprehensive loss (12,744) (82,897) (135,864) (185,423)
Diagnostics [Member]        
Net revenue        
Total net revenue [1] 303,470 252,878 853,901 688,525
Cost and operating expenses        
Cost of revenues 114,042 98,643 323,235 283,182
Data and applications [Member]        
Net revenue        
Total net revenue [2] 108,067 81,328 288,238 216,053
Cost and operating expenses        
Cost of revenues $ 30,794 $ 25,621 $ 83,664 $ 61,212
[1] Includes related party revenue from Pathos AI, Inc. of $0 and $225 for the three months ended September 30, 2026 and 2025, respectively. Includes related party revenue from Pathos AI, Inc. of $190 and $226 for the nine months ended September 30, 2026 and 2025, respectively. Refer to Note 16, Related Parties.
[2] Includes related party revenue from Pathos AI, Inc. of $22,061 and $24,907 for the three months ended September 30, 2026 and 2025, respectively. Includes related party revenue from Pathos AI, Inc. of $65,718 and $41,445 for the nine months ended September 30, 2026 and 2025, respectively. Refer to Note 16, Related Parties. Also includes related party revenue from SB Tempus Corp. of $0 and $6,253 for the three months ended September 30, 2026 and 2025, respectively. Includes related party revenue from SB Tempus Corp. of $6,241 and $18,743 for the nine months ended September 30, 2026 and 2025, respectively. Refer to Note 7, Joint Venture.

 

(3) Includes related party other income from SB Tempus Corp. of $3,989 for each of the three months ended September 30, 2026 and 2025. Includes related party other income from SB Tempus Corp. of $11,966 for each of the nine months ended September 30, 2026 and 2025. Refer to Note 7, Joint Venture.