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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Cash flows from operating activities    
Net loss $ (180,360) $ (117,194)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,349 2,790
Stock-based compensation 28,131 15,800
Net amortization of premium on marketable securities 426 1,706
Loss on disposal of property and equipment 9 128
Amortization of operating lease right-of-use assets 5,459 3,292
Other 201 0
Changes in operating assets and liabilities:    
Accounts receivable 6,000 (6,000)
Income tax receivable 0 3,642
Prepaid expenses and other assets (1,094) (5,442)
Accounts payable 85 1,589
Deferred revenue (26,627) 14,250
Operating lease liabilities (4,871) (5,144)
Accrued expenses and other liabilities 7,485 6,218
Net cash used in operating activities (159,807) (84,365)
Cash flows from investing activities    
Purchases of marketable securities (239,366) (348,497)
Sales of marketable securities 0 6,994
Maturities of marketable securities 278,808 238,913
Purchases of property and equipment (12,244) (5,661)
Net cash provided by (used in) investing activities 27,198 (108,251)
Cash flows from financing activities    
Proceeds from issuances of pre-funded warrants, net of issuance costs 94,759 0
Proceeds from issuance of common stock 19,400 150,157
Proceeds from exercise of stock options 1,078 1,666
Proceeds from issuance under employee stock purchase plan 1,955 2,060
Repurchase of unvested early exercised stock options 0 (1)
Net cash provided by financing activities 117,192 153,882
Net decrease in cash, cash equivalents and restricted cash (15,417) (38,734)
Cash, cash equivalents and restricted cash at beginning of period 80,792 119,526
Cash, cash equivalents and restricted cash at end of period 65,375 80,792
Supplementary disclosures of cash flow information:    
Cash paid for income taxes 0 481
Supplemental disclosures of non-cash investing and financing activities:    
Additions to property and equipment included in accounts payable and accrued expenses and other liabilities 1,373 2,505
Capitalized stock-based compensation related to internal-use software development 69 0
Vesting of early exercised stock options 145 239
Deferred issuance costs recognized related to equity financing 72 0
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 64,474 80,506
Restricted cash 901 286
Cash, cash equivalents and restricted cash $ 65,375 $ 80,792