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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (94,879) $ (106,476)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 11,028 17,439
Depreciation and amortization expense 6,576 9,925
Loss on property and equipment disposals, net 3,759 15
Net amortization and accretion on marketable securities (2,890) (8,129)
Change in fair value of contingent consideration payable (2,075) 0
Non-cash lease income (1,516) (979)
Impairment of long-lived assets 1,443 0
Change in fair value of success payment liabilities (240) (566)
Loss (gain) on marketable equity security 28 (149)
Impairment of other investments 0 13,001
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets 4,796 (246)
Accounts payable (1,885) (630)
Accrued liabilities and other current liabilities (13,118) (3,090)
Other non-current liabilities (223) (225)
Net cash used in operating activities (89,196) (80,110)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (414) (361)
Purchases of marketable securities (165,112) (224,475)
Maturities of marketable securities 247,639 291,837
Net cash provided by investing activities 82,113 67,001
CASH FLOWS FROM FINANCING ACTIVITIES    
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 184 889
Net decrease in cash, cash equivalents and restricted cash (6,899) (12,220)
Cash, cash equivalents and restricted cash at beginning of period 107,287 145,931
Cash, cash equivalents and restricted cash at end of period 100,388 133,711
Represented by:    
Cash and cash equivalents 98,804 133,424
Restricted cash 1,584 287
Total 100,388 133,711
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for amounts included in the measurement of lease liabilities 6,252 5,551
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ 9 $ 50