XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Total revenue $ 216,833 $ 101,620 $ 519,147 $ 282,345
Costs and operating expenses:        
Selling and marketing expense 41,267 36,758 123,355 115,077
General and administrative expense (see note 10) 51,973 40,852 168,458 126,273
Research and development expense 21,624 27,644 69,739 86,807
Total costs and operating expenses 184,191 162,462 562,445 502,421
Income (Loss) from operations 32,642 (60,842) (43,298) (220,076)
Other expense, net:        
Interest income 7,360 1,744 9,482 6,152
Interest expense (13,507) (13,799) (45,497) (36,763)
Changes in fair value of financial instruments (2,081) 5,131 (52,285) 6,067
Other income (expense), net (89) 37 (18,447) (323)
Total other expense, net (8,317) (6,887) (106,747) (24,867)
Income (Loss) before income taxes and provision for income taxes 24,325 (67,729) (150,045) (244,943)
Provision for income taxes 0 0 0 0
Net income (loss) 24,325 (67,729) (150,045) (244,943)
Other comprehensive income, net of tax:        
Unrealized gain on available-for-sale securities 0 0 0 7
Foreign currency translation adjustments 79 (120) 538 (20)
Comprehensive income (loss) 24,404 (67,849) (149,507) (244,956)
Net income (loss) 24,325 (67,729) (150,045) (244,943)
Deemed dividend from Series D redeemable convertible preferred stock (see note 6) 0 0 (384,436) 0
Adjustments of redeemable convertible preferred stock to redemption value 0 (24,661) (85,433) (71,368)
Net income (loss) attributable to common shareholders basic 24,325 (92,390) (619,914) (316,311)
Net income (loss) attributable to common shareholders diluted $ 24,325 $ (92,390) $ (619,914) $ (316,311)
Net income (loss) per share attributable to common shareholders:        
Basic (in dollars per share) $ 0.09 $ (2.59) $ (4.83) $ (8.92)
Diluted (in dollars per share) $ 0.08 $ (2.59) $ (4.83) $ (8.92)
Weighted-average shares used in computing net income (loss) per share attributable to common shareholders:        
Basic (in shares) 282,099,073 35,643,589 128,447,673 35,442,927
Diluted (in shares) 297,211,838 35,643,589 128,447,673 35,442,927
Molecular Profiling Services        
Revenue:        
Total revenue $ 207,587 $ 93,803 $ 484,593 $ 254,692
Costs and operating expenses:        
Cost of services 66,980 54,810 193,195 167,134
Pharma Research And Development Services        
Revenue:        
Total revenue 9,246 7,817 34,554 27,653
Costs and operating expenses:        
Cost of services $ 2,347 $ 2,398 $ 7,698 $ 7,130