XML 18 R7.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (93,187) $ (106,213)
Adjustments to reconcile net loss to net cash used by operating activities:    
Amortization of intangibles assets 34,584 34,584
Depreciation 4,210 4,695
Stock-based compensation expense 16,793 16,211
Deferred income taxes (34,548) (40,199)
Amortization of discount on marketable securities (6,565) (6,375)
Credit loss expense 247 273
Other (384) 484
Changes in operating assets and liabilities:    
Accounts receivable, net (2,297) 730
Supplies (1,177) (34)
Operating lease right-of-use assets and liabilities, net 182 221
Prepaid expenses and other assets (2,116) 2,821
Accounts payable 2,633 895
Accrued and other liabilities (5,364) (3,105)
Net cash used in operating activities (86,989) (95,012)
Cash flows from investing activities    
Purchases of property and equipment (503) (62)
Purchases of marketable securities (337,835) (220,527)
Proceeds from maturities of marketable securities 244,900 235,200
Net cash (used in) provided by investing activities (93,438) 14,611
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 44 62
Net decrease in cash, cash equivalents, and restricted cash (180,383) (80,339)
Cash, cash equivalents and restricted cash — beginning of period 256,701 217,583
Cash, cash equivalents and restricted cash — end of period 76,318 137,244
Represented by:    
Cash and cash equivalents 69,344 133,895
Restricted cash 6,974 3,349
Total 76,318 137,244
Supplemental cash flow information:    
Property and equipment included in accounts payable and accrued liabilities (253) (268)
Operating cash flows paid for operating leases, net $ (4,430) $ (4,377)