Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Net revenue $ 137,188 $ 95,933
Cost of net revenue 58,304 42,102
Gross profit 78,884 53,831
Operating expenses:    
Research and development 53,162 55,457
Selling, general and administrative 42,457 36,589
Restructuring charges 474 7,879
Total operating expenses 96,093 99,925
Loss from operations (17,209) (46,094)
Interest income 633 864
Interest expense (2,197) (2,504)
Other income (expense), net 121 (1,268)
Total other income (expense), net (1,443) (2,908)
Loss before income taxes (18,652) (49,002)
Income tax provision 26,485 711
Net loss $ (45,137) $ (49,713)
Net loss per share:    
Basic (in usd per share) $ (0.52) $ (0.58)
Diluted (in usd per share) $ (0.52) $ (0.58)
Shares used to compute net loss per share:    
Basic (in shares) 87,595 85,271
Diluted (in shares) 87,595 85,271