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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ (168,627) $ (207,043) $ (92,534)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 11,235 10,969 10,624
Accrued interest (651) (95) (2,216)
Asset write-downs and impairment of field equipment 1,159 493 955
Share-based compensation 160,035 115,608 106,955
Foreign currency remeasurement loss (gain) (227) 161 (3,256)
Decrease (increase) in accounts receivables and prepaid expenses (26,358) 29,414 2,547
Amortization of discount (premium) (25,644) (23,084) (1,536)
Decrease (increase) in inventories 2,568 (8,919) (4,342)
Decrease (increase) in other long-term assets 7,395 4,072 7,107
Increase (decrease) in accounts payables and accrued expenses 19,106 14,869 14,257
Increase (decrease) in other long-term liabilities (6,360) (9,781) (7,773)
Net cash provided by (used in) operating activities (26,369) (73,336) 30,788
Cash flows from investing activities:      
Purchase of property, equipment and field equipment (42,855) (27,093) (21,358)
Proceeds from maturity of short-term investments 778,000 1,214,982 1,179,289
Purchase of short-term investments (875,387) (1,003,741) (1,297,888)
Net cash provided by (used in) investing activities (140,242) 184,148 (139,957)
Cash flows from financing activities:      
Proceeds from issuance of shares, net 4,150 4,416 5,224
Proceeds from senior secured credit facility, net 96,922 0 0
Repayment and redemption of long-term debt (12,913) (10) (28)
Exercise of options 2,156 11,381 10,295
Net cash provided by (used in) financing activities 90,315 15,787 15,491
Effect of exchange rate changes on cash, cash equivalents and restricted cash (174) 131 (97)
Increase (decrease) in cash, cash equivalents and restricted cash (76,470) 126,730 (93,775)
Cash, cash equivalents and restricted cash at the beginning of the year 242,564 115,834 209,609
Cash, cash equivalents and restricted cash at the end of the year 166,094 242,564 115,834
Cash paid during the year for:      
Income taxes paid (refunded), net 23,463 13,665 5,480
Interest paid 7,714 6 41
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 163,767 240,821 115,326
Restricted cash 2,327 1,743 508
Total cash, cash equivalents and restricted cash 166,094 242,564 115,834
Non-cash activities:      
Right-of-use assets obtained in exchange for lease liabilities 494 18,063 12,117
Purchase of property incurred but unpaid at period end $ 1,619 $ 1,714 $ 0