Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net loss $ (45,137) $ (49,713)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Amortization and depreciation 10,939 11,149
Amortization of debt issuance costs and accretion of discounts 414 510
Stock-based compensation 20,027 22,911
Deferred income taxes 25,133 (678)
Impairment of leased right-of-use assets 233 (22)
(Gain) loss on foreign currency (219) 1,184
Excess tax deficiencies on stock-based awards 970 1,575
Changes in operating assets and liabilities:    
Accounts receivable 5,267 (13,461)
Inventory (7,735) 4,338
Prepaid expenses and other assets (7,738) (3,724)
Accounts payable, accrued expenses and other current liabilities (18,960) 4,189
Accrued compensation 9,521 8,717
Accrued price protection liability 1,039 4,282
Lease liabilities (2,737) (2,817)
Other long-term liabilities 111 160
Net cash used in operating activities (8,872) (11,400)
Investing Activities    
Purchases of property and equipment (1,384) (1,989)
Purchases of intangible assets (855) 0
Proceeds under convertible notes receivable (2,000) 0
Net cash used in investing activities (4,239) (1,989)
Financing Activities    
Proceeds from funding arrangement 6,000 0
Net proceeds from issuance of common stock, net of costs 0 (10)
Minimum tax withholding paid on behalf of employees for restricted stock units (3,722) (2,130)
Net cash provided by (used in) financing activities 2,278 (2,140)
Effect of exchange rate changes on cash and cash equivalents (647) (9)
Decrease in cash, cash equivalents and restricted cash (11,480) (15,538)
Cash, cash equivalents and restricted cash at beginning of period 101,412 119,603
Cash, cash equivalents and restricted cash at end of period 89,932 104,065
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,935 2,145
Cash paid for income taxes 1,992 1,228
Supplemental disclosures of non-cash activities:    
Issuance of shares for payment of bonuses $ 32,090 $ 5,017