v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net loss $ (307,002) $ (309,175)
Adjustments to reconcile net loss to net cash used by operating activities:    
Amortization of intangible assets 103,750 103,750
Depreciation 12,207 13,686
Stock-based compensation expense 50,459 44,518
Deferred income taxes (125,184) (108,811)
Amortization of discount on marketable securities (19,069) (16,606)
Intangible and other assets impairment 25,423 28,000
Credit loss expense 1,672 518
Other 241 1,370
Changes in operating assets and liabilities:    
Accounts receivable, net (2,375) 3,512
Supplies (2,458) 452
Operating lease right-of-use assets and liabilities, net (1,018) 761
Prepaid expenses and other assets (2,039) 3,346
Accounts payable 9,098 (1,437)
Accrued and other liabilities 13,836 894
Net cash used in operating activities (242,459) (235,222)
Cash flows from investing activities    
Purchases of property and equipment (5,666) (815)
Purchases of marketable securities (1,091,469) (741,932)
Proceeds from maturities of marketable securities 1,004,800 894,400
Net cash (used in) provided by investing activities (92,335) 151,653
Cash flows from financing activities    
Proceeds from exercise of performance stock options 370 0
Issuance of common stock under ESPP 4,593 0
Proceeds from issuance of common stock in connection with the Samsung SPA, net of issuance costs 109,018 0
Net cash provided by financing activities 113,981 0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 31 (148)
Net decrease in cash, cash equivalents, and restricted cash (220,782) (83,717)
Cash, cash equivalents and restricted cash — beginning of period 256,701 217,583
Cash, cash equivalents and restricted cash — end of period 35,919 133,866
Represented by:    
Cash and cash equivalents 28,976 126,892
Restricted cash 6,943 6,974
Total 35,919 133,866
Supplemental cash flow information:    
Property and equipment included in accounts payable and accrued liabilities 2,188 70
Operating cash flows paid for operating leases, net (12,093) (12,673)
Right-of-use assets obtained in exchange for new operating lease liabilities 45,139 0
Tax benefit recognized in connection with the Samsung SPA deferred asset $ 6,343 $ 0