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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (133,725) $ (151,059)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 16,260 25,061
Depreciation and amortization expense 9,142 14,605
Loss on securities purchase agreement put/call 4,029 0
Net amortization and accretion on marketable securities (3,899) (11,716)
Loss on property and equipment disposals, net 3,510 417
Non-cash lease income (2,511) (1,591)
Change in fair value of contingent consideration payable (1,706) 0
Impairment of long-lived assets 1,443 0
Change in fair value of success payment liabilities 221 (669)
Loss (gain) on marketable equity security 29 (47)
Impairment of other investments 0 13,001
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets 5,216 (1,861)
Accounts payable (2,664) (1,198)
Accrued liabilities and other current liabilities (12,546) 4
Other non-current liabilities (572) (99)
Net cash used in operating activities (117,773) (115,152)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (476) (420)
Sales of property and equipment 263 0
Purchases of marketable securities (236,099) (355,905)
Maturities of marketable securities 321,774 425,244
Net cash provided by investing activities 85,462 68,919
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from securities purchase agreement equity issuance 50,000 0
Proceeds from exercise of stock options 0 155
Proceeds from employee stock purchase plan 184 810
Taxes paid related to net share settlement of equity awards 0 (76)
Net cash provided by financing activities 50,184 889
Net increase (decrease) in cash, cash equivalents and restricted cash 17,873 (45,344)
Cash, cash equivalents and restricted cash at beginning of period 107,287 145,931
Cash, cash equivalents and restricted cash at end of period 125,160 100,587
Represented by:    
Cash and cash equivalents 123,575 100,299
Restricted cash 1,585 288
Total 125,160 100,587
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for amounts included in the measurement of lease liabilities 9,419 8,449
Non-cash investing and financing activities:    
Securities purchase agreement put/call issuance 7,774 0
Equity issued for contingent consideration — ImmPACT Bio USA Inc. acquisition 5,894 0
Purchases of property and equipment included in accounts payable and accrued liabilities $ 0 $ 23