XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.4
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss $ (221,247) $ (334,326)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 633 795
Stock-based compensation 28,719 24,047
Accrued payment-in-kind interest on debt 4,664 3,775
Accrued interest on revenue interest financing liability, net of payments 24,333 46,111
Amortization of debt discount 3,014 2,192
Inventory reserve 280 836
Other 5,205 5,098
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 5,513 (7,672)
Accounts receivable, net (39,331) (37,160)
Accounts payable and accrued expenses 34,104 34,936
Accrued interest 121 565
Operating right-of-use assets and lease liabilities 222 175
Inventory (11,781) (6,142)
Other long-term assets (1,224) 0
Net cash used in operating activities (166,775) (266,770)
Cash flows from investing activities    
Cash paid for property and equipment (229) (135)
Net cash used in investing activities (229) (135)
Cash flows from financing activities    
Proceeds from issuance of common stock from exercise of stock options 1,638 1,599
Net proceeds from issuance of debt 0 59,400
Net proceeds from underwritten public offering 0 121,775
Payment of employee tax obligations related to vesting of PSUs and RSUs (1,926) 0
Net cash (used in) provided by financing activities (288) 182,774
Net decrease in cash and cash equivalents and restricted cash (167,292) (84,131)
Cash and cash equivalents and restricted cash - beginning of period 300,125 384,256
Cash and cash equivalents and restricted cash - end of period 132,833 300,125
Supplemental disclosure of cash flow information    
Interest paid 21,368 17,293
Supplemental disclosure of noncash investing and financing activities    
Property and equipment purchases included in accounts payable and accrued expenses 0 8
Final interest payment fee 0 1,800
Settlement of ESPP liability in common stock 2,969 2,401
Settlement of 401(k) liability in common stock $ 5,258 $ 3,683