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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net loss $ (28,800) $ (70,845)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount and deferred financing 1,894 1,665
Depreciation and amortization 5,563 6,506
Stock-based compensation 60,820 65,688
Foreign currency remeasurement loss 7,208 15,167
Other 3,134 7,048
Changes in operating assets and liabilities:    
Accounts receivable (5,246) (9,090)
Inventories (67,187) (61,632)
Prepaid expenses and other current assets (787) 28,216
Accounts payable, accrued expenses, and other current liabilities 44,634 (11,483)
Other non-current assets and liabilities (4,341) (1,215)
Net cash provided by (used in) operating activities 16,892 (29,975)
Investing activities    
Sale and redemption of marketable securities 34,412 101,875
Purchases of marketable securities (71,353) (78,778)
Capital expenditures (2,997) (3,265)
Net cash (used in) provided by investing activities (39,938) 19,832
Financing activities    
Payment of finance leases (40) (54)
Withholding taxes paid on vested restricted stock units (13,863) (21,197)
Proceeds from stock options exercised, net 484 6,122
Proceeds from the issuance of shares in connection with at-the-market offering, net of issuance costs 0 19,153
Net cash (used in) provided by financing activities (13,419) 4,024
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 13,606 (7,138)
Net decrease in cash, cash equivalents, and restricted cash at the end of the period (22,859) (13,257)
Cash, cash equivalents, and restricted cash at the beginning of period 216,716 250,077
Cash, cash equivalents, and restricted cash at the end of period 193,857 236,820
Supplemental disclosures of cash flow information    
Cash paid during the period for interest 32,852 47,587
Cash paid for taxes 2,345 2,729
Supplemental disclosure of non-cash investing and financing activities    
Tenant improvements paid through lease incentives 292 217
Capital expenditures unpaid at the end of period 0 168
Cashless exercise of warrants $ 71 $ 0