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 $ (148,631) $ (319,074)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 34,835 49,758
Unrealized foreign exchange loss (gain) 497 135
Amortization of intangible assets 17,133 16,873
Amortization of right of use asset 3,695 8,669
Depreciation and amortization of property and equipment 10,404 9,138
Deferred tax benefit (1,424) (2,255)
Excess and obsolescence reserve 2,808 9,702
Accretion of discounts and premiums on investments (4,318) (5,860)
Loss on asset disposals 672 44
Gain on loan forgiveness (1,000)  
Changes in assets and liabilities:    
Prepaid expenses, other assets and long-term assets 4,162 (7,362)
Trade accounts receivable (24,540) 2,579
Inventory (4,512) (10,210)
Operating lease liabilities (3,592) (8,000)
Accounts payable 1,471 (1,448)
Accrued expenses and other liabilities (25,045) 7,468
Net cash used in operating activities (137,385) (249,843)
Cash Flows from Investing Activities    
Maturities of investments 192,000 330,000
Purchase of investments (372,416) (258,763)
Purchase of property and equipment (16,785) (24,516)
Purchase of intangible assets (100)  
Net cash provided by (used in) investing activities (197,301) 46,721
Cash Flows from Financing Activities    
Tax payments related to shares withheld for vested restricted stock units (7,764) (6,614)
Proceeds from the issuance of common stock under employee stock purchase plan 861 671
Proceeds from the issuance of common stock upon exercise of options 831 15
Proceeds from the issuance of common stock, net 235,978 250,529
Net cash provided by financing activities 229,906 244,601
Effect of foreign exchange rate changes (326) 567
Net increase (decrease) in cash, cash equivalents and restricted cash (105,106) 42,046
Cash, Cash Equivalents and Restricted Cash Beginning of Period 169,058 122,053
Cash, Cash Equivalents and Restricted Cash End of Period 63,952 164,099
Supplemental disclosure of non-cash investing and financing activities:    
Net unrealized loss on investments 251 40
Acquisition of property and equipment included in accounts payable and accrued expenses 2,275 9,834
Conversion of convertible preferred stock to common stock   1
Increase in lease liabilities due to obtaining right-of-use assets from lease modifications $ 359 $ 2,231