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Condensed Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Cash flows from operating activities:        
Net loss $ (67,280) $ (93,775) $ (151,767) $ (195,787)
Stock-based compensation     9,601 16,480
Depreciation and amortization 4,171 3,256 8,394 6,955
Amortization of debt issuance costs     1,143 1,109
Accretion of marketable securities purchased at a discount     (4,007) (9,975)
Other non-cash items     (22) 694
Change in operating assets and liabilities:        
Other current and non-current assets     (550) 6,272
Accounts payable     3,965 5,017
Customer deposits     (3,622) (10,115)
Other current and non-current liabilities     5,501 (13,011)
Net cash used in operating activities     (131,364) (192,361)
Cash flows from investing activities:        
Capital expenditures     (104,408) (47,487)
Purchases of marketable securities     (220,925) (348,833)
Proceeds from maturities and calls of marketable securities     355,959 479,398
Other investing activities     8 598
Net cash provided by investing activities     30,634 83,676
Cash flows from financing activities:        
Payments of finance lease obligations     (98) (108)
Proceeds from issuance of common stock     86,330 71,580
Withholding taxes paid on behalf of employees on net settled stock-based awards     (108) (870)
Transaction costs related to issuance of common stock     (2,552) (681)
Net cash provided by financing activities     83,572 69,921
Net decrease in cash, cash equivalents and restricted cash     (17,158) (38,764)
Cash, cash equivalents and restricted cash at beginning of period     210,885 253,592
Cash, cash equivalents and restricted cash at end of period 193,727 214,828 193,727 214,828
Cash and cash equivalents 163,547 182,310 163,547 182,310
Restricted cash 30,180 32,518 30,180 32,518
Cash, cash equivalents and restricted cash $ 193,727 $ 214,828 $ 193,727 $ 214,828