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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash flows from operating activities:      
Net income (loss) $ (71,138) $ (34,319) $ (136,227)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 4,124 3,325 14,650
Accrued Interest (219) (2,271) 4,949
Asset write-downs and impairment of field equipment 712 2,261 4,851
Share-based compensation 63,009 29,552 104,832
Foreign currency remeasurement loss (gain) 477 (49) 1,251
Decrease (increase) in accounts receivables and prepaid expenses 828 (8,606) (38,938)
Amortization of discount (premium) (2,617) (6,654) (23,262)
Decrease (increase) in inventories (2,778) (3,941) (5,668)
Decrease (increase) in other long-term assets 2,042 2,578 10,847
Increase (decrease) in accounts payables and accrued expenses (5,120) (16,420) 18,958
Increase (decrease) in other long-term liabilities (2,837) (1,121) (5,274)
Net cash provided by (used in) operating activities (13,517) (35,665) (49,031)
Cash flows from investing activities:      
Purchase of property, equipment and field equipment (5,152) (10,611) (26,648)
Proceeds from maturity of short-term investments 110,000 120,000 1,285,000
Purchase of short-term investments (97,101) (115,861) (821,076)
Net cash provided by (used in) investing activities 7,747 (6,472) 437,276
Cash flows from financing activities:      
Proceeds from issuance of shares, net 0 0 3,656
Proceeds from senior secured credit facility, net 0 0 99,979
Repayment and redemption of long-term debt 0 0 (560,945)
Tax payments related to net settlements on equity awards (556) 0 (146)
Exercise of options 390 5,247 6,113
Net cash provided by (used in) financing activities (166) 5,247 (451,343)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (130) 227 394
Increase (decrease) in cash, cash equivalents and restricted cash (6,066) (36,663) (62,704)
Cash, cash equivalents and restricted cash at the beginning of the period 103,390 166,094 166,094
Cash, cash equivalents and restricted cash at the end of the period 97,324 129,431 103,390
Cash paid during the period for:      
Income taxes paid (refunded), net (3,877) 4,971 30,673
Interest paid 4,961 2,645 13,406
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 87,527 127,279 93,548
Restricted cash 9,797 2,152 9,842
Total cash, cash equivalents and restricted cash 97,324 129,431 103,390
Non-cash activities:      
Right-of-use assets obtained (disposed) in exchange for lease liabilities 998 23,492 29,369
Purchase of property incurred but unpaid at period end $ 792 $ 253 $ 886