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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net loss $ (67,599) $ (136,937)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,063 5,077
Expensed in-process research and development   2,679
Premium amortization and discount accretion on investment securities (460) 787
Stock-based compensation 64,447 40,477
Non-cash lease expense 3,593 3,806
Amortization of debt discount and issuance cost 328 320
Foreign exchange adjustment 359 265
Non-cash interest expense (1) 48
Changes in operating assets and liabilities:    
Accounts receivable (10,459) (2,400)
Inventory (2,265) (5,277)
Prepaid expenses and other assets 14,428 2,338
Accounts payable 10,732 5,762
Accrued compensation 17,789 14,993
Operating lease liabilities (4,122) (2,177)
Other accrued liabilities (7,625) (18,181)
Deferred revenue 793 7,312
Cash provided by (used in) operating activities 27,001 (81,108)
Investing activities:    
Proceeds from maturity of investments 169,065 27,250
Purchases of property and equipment, net (20,315) (11,380)
Cash paid for acquisition of an asset (10,495)  
Cash provided by investing activities 138,255 15,870
Financing activities:    
Proceeds from exercise of stock options 6,466 2,301
Cash provided by financing activities 6,466 2,301
Net change in cash, cash equivalents and restricted cash 171,722 (62,937)
Cash, cash equivalents and restricted cash, beginning of period 642,095 466,091
Cash, cash equivalents and restricted cash, end of period 813,817 403,154
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,179 1,124
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accruals 112 1,613
Acquisition of warrants 1,884  
Issuance of common stock for IPR&D acquisition   14,435
Issuance of common stock for bonuses 24,071 19,771
Stock-based compensation included in capitalized software development costs $ 505 $ 218