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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net loss $ (52,506) $ (21,793)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 585 1,188
Stock-based compensation 14,181 22,894
Accretion of unamortized debt discount and amortization of debt issuance costs 1,429 1,269
Change in fair value of common stock warrant liabilities 0 (11)
Changes in operating assets and liabilities:    
Accounts receivable, net (9,374) 670
Prepaid expenses and other assets 10,130 3,588
Accounts payable (1,807) 6,954
Operating lease liabilities (10,573) (1,062)
Other accruals and liabilities (8,297) (1,274)
Net cash (used in) provided by operating activities (56,232) 12,423
Investing Activities    
Purchases of property and equipment (2,108) (1,302)
Capitalization of software development costs (2,615) (15)
Purchases of marketable securities 0 (5)
Proceeds from sales of marketable securities 0 1,137
Net cash used in investing activities (4,723) (185)
Financing Activities    
Principal payments on finance leases obligations (444) (682)
Repurchase of common stock (7,723) (10,905)
Payments to cover taxes upon exercise of stock options and issuance of common stock 0 (1,236)
Net cash used in financing activities (8,167) (12,823)
Net change in cash, cash equivalents and restricted cash (69,122) (585)
Cash, cash equivalents and restricted cash – beginning of year 281,923 312,028
Cash, cash equivalents and restricted cash – end of period 212,801 311,443
Cash paid during the period for:    
Interest 6,691 6,726
Income Taxes Paid 53 183
Noncash investing and financing activities:    
Purchases of property and equipment included in accounts payable 109 246
Stock-based compensation capitalized in software development costs $ 167 $ 0