v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Total revenue $ 37,535 $ 36,194 $ 123,007 $ 103,575
Costs and operating expenses:        
Cost of revenue — amortization of intangible assets 33,473 33,473 100,417 100,417
Research and development 44,073 48,647 139,523 148,898
Sales and marketing 41,695 25,503 110,020 89,021
General and administrative 40,740 37,408 134,217 120,396
Intangible and other assets impairment 0 0 25,423 28,000
Total costs and operating expenses 182,154 161,485 577,174 541,327
Loss from operations (144,619) (125,291) (454,167) (437,752)
Other income:        
Interest income 7,843 6,107 23,059 20,695
Other income (expense), net (545) 466 (444) (929)
Total other income, net 7,298 6,573 22,615 19,766
Loss before income taxes (137,321) (118,718) (431,552) (417,986)
Benefit from income taxes 33,753 29,741 124,550 108,811
Net loss $ (103,568) $ (88,977) $ (307,002) $ (309,175)
Net loss per share        
Net loss per share—Basic (in dollars per share) $ (2.21) $ (2.46) $ (6.84) $ (8.73)
Net loss per share—Diluted (in dollars per share) $ (2.21) $ (2.46) $ (6.84) $ (8.73)
Weighted-average shares of common stock used in computing net loss per share—Basic (in shares) 46,777,729 36,124,256 44,858,893 35,415,266
Weighted-average shares of common stock used in computing net loss per share—Diluted (in shares) 46,777,729 36,124,256 44,858,893 35,415,266
Screening revenue        
Revenue:        
Total revenue $ 37,269 $ 32,807 $ 119,743 $ 96,319
Costs and operating expenses:        
Cost of revenue 22,032 15,910 66,623 52,379
Development services revenue        
Revenue:        
Total revenue 266 3,387 3,264 7,256
Costs and operating expenses:        
Cost of revenue $ 141 $ 544 $ 951 $ 2,216