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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net loss $ (182,627) $ (255,099) $ (166,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Stock-based compensation expense 140,749 166,950 136,848
Depreciation and amortization 35,879 35,512 25,368
Lease and asset impairment charges 3,054 9,845 0
Amortization of right-of-use assets 7,829 8,107 7,638
Realized loss on marketable securities 3 1,718 0
Other 523 427 1,957
Changes in operating assets and liabilities:      
Accounts receivable 26,951 (10,613) (18,948)
Inventory (9,777) 7,871 (21,192)
Prepaid expenses and other current assets (1,901) (2,429) (4,495)
Other noncurrent assets (1,084) (678) 925
Accounts payable (3,354) (6,017) 5,858
Accrued compensation and other related benefits 3,654 (2,637) 1,114
Deferred revenue 11,209 10,932 3,350
Accrued expenses and other current liabilities (12,736) 28,301 3,336
Operating lease liability (12,484) (8,671) (6,423)
Other noncurrent liabilities 776 1,284 (2,942)
Net cash provided by (used in) operating activities 6,664 (15,197) (33,606)
Investing activities:      
Proceeds from sales of marketable securities 3,856 100,191 49,117
Proceeds from maturities of marketable securities 25,782 82,825 18,528
Purchases of property and equipment (12,393) (48,601) (131,661)
Purchase of intangible assets (1,000) (923) 0
Acquisition of business, net of cash acquired 0 0 (4,000)
Purchase of marketable securities (48,876) 0 (282,871)
Net cash (used in) provided by investing activities (32,631) 133,492 (350,887)
Financing activities:      
Payments on technology license financing arrangement 0 (5,814) (5,409)
Issuance of common stock from exercise of stock options and employee stock purchase plan purchases 10,914 19,483 21,226
Net cash provided by financing activities 10,914 13,669 15,817
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (164) (33) (44)
Net (decrease) increase in cash, cash equivalents, and restricted cash (15,217) 131,931 (368,720)
Cash, cash equivalents, and restricted cash at beginning of year 359,284 227,353 596,073
Cash, cash equivalents, and restricted cash at end of year 344,067 359,284 227,353
Supplemental disclosures of cash flow information:      
Cash paid for interest 0 436 841
Cash paid for taxes 5,641 4,927 3,925
Noncash investing and financing activities      
Purchases of property and equipment included in accounts payable, accrued expenses and other current liabilities 1,351 3,324 26,750
Right-of-use assets obtained in exchange for new operating lease liabilities $ 0 $ 6,518 $ 16,562