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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue $ 432.7 $ 340.8 $ 1,187.3 $ 935.6
Cost of revenue 139.4 152.5 388.6 347.3
Gross profit 293.3 188.3 798.7 588.3
Research and development expenses 57.8 45.0 163.0 130.7
Selling, general and administrative expenses 180.7 140.4 522.1 443.5
Operating income 54.8 2.9 113.6 14.1
Interest expense (10.4) (9.2) (29.5) (27.3)
Interest income 8.6 2.4 22.4 3.3
Other income (expense), net 0.7 (1.8) 0.3 (2.6)
Income (loss) before income taxes 53.7 (5.7) 106.8 (12.5)
Income tax (expense) benefit (1.8) 0.5 (3.8) 0.1
Net income (loss) $ 51.9 $ (5.2) $ 103.0 $ (12.4)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.74 $ (0.08) $ 1.48 $ (0.18)
Diluted (in dollars per share) $ 0.74 $ (0.08) $ 1.47 $ (0.18)
Weighted-average number of common shares outstanding (in thousands):        
Basic (in shares) 69,823 69,418 69,715 69,343
Diluted (in shares) 73,624 69,418 70,111 69,343
Nonrelated Party        
Revenue $ 320.7 $ 281.9 $ 869.3 $ 772.8
Related Party        
Revenue $ 112.0 $ 58.9 $ 318.0 $ 162.8