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Stock-based compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense Recorded in Consolidated Statements of Operations

Stock-based compensation is classified as follows in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of revenues, genomics

 

$

1,420

 

 

$

11,327

 

 

$

2,455

 

 

$

11,327

 

Cost of revenues, data and services

 

 

693

 

 

 

7,229

 

 

 

1,304

 

 

 

7,229

 

Technology research and development

 

 

3,285

 

 

 

50,434

 

 

 

6,604

 

 

 

50,434

 

Research and development

 

 

2,335

 

 

 

42,233

 

 

 

4,317

 

 

 

42,233

 

Selling, general and administrative

 

 

14,722

 

 

 

377,090

 

 

 

30,749

 

 

 

377,090

 

Total stock-based compensation

 

$

22,455

 

 

$

488,313

 

 

$

45,429

 

 

$

488,313