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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net loss $ (121,629) $ (128,791)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 58,391 58,410
Stock-based compensation 54,321 51,744
Amortization of debt discount and debt issuance costs 15,626 3,279
Amortization of right-of-use assets 3,687 3,499
Write-down for excess and obsolete inventories 11,323 10,970
Loss on disposal of assets 2,295 3,262
Loss on debt extinguishment 17,576 0
Gain on derivative liability (620) 0
Other 5,603 4,993
Changes in operating assets and liabilities:    
Accounts receivable (18,505) (9,479)
Inventories (1,509) (57,044)
Prepaid expenses and other current assets 710 683
Other assets 192 (673)
Accounts payable (16,338) 16,016
Accrued expenses 19,314 (8,202)
Lease liabilities (3,571) (3,628)
Contract liabilities (620) (2,308)
Other long-term liabilities (1,697) 2,095
Net cash provided by (used in) operating activities 24,549 (55,174)
Investing activities:    
Purchase of property and equipment (29,491) (81,248)
Purchase of intangible assets (5,185) (8,142)
Cash paid for equity investment (3,000)  
Net cash used in investing activities (37,676) (89,390)
Financing activities:    
Proceeds from issuance of convertible notes, net 392,850 0
Repurchase of convertible notes (268,231) 0
Repayment of revolving credit facility (60,592) (110,400)
Purchase of capped calls (42,485) 0
Proceeds from revolving credit facility 11,160 122,175
Payment of debt issuance costs (706) 0
Net cash paid for common stock exercises (699) (4,732)
Other (1,485) (1,477)
Net cash provided by financing activities 29,812 5,566
Effect of exchange rate changes on cash 216 (996)
Net change in cash and cash equivalents 16,901 (139,994)
Cash and cash equivalents at beginning of period 138,840 220,970
Cash and cash equivalents at end of period 155,741 80,976
Supplemental disclosure of cash flow information:    
Cash paid for interest 18,766 15,342
Cash paid for income taxes 348 275
Supplemental disclosure of noncash activities:    
Financed insurance 1,347 1,156
Purchases of property and equipment in accounts payable and accrued expenses 1,036 0
Purchase of intangible assets in accrued expenses and other long-term liabilities 4,780 0
Recognition of derivative liability 124,062  
Recognition of lease liabilities $ 66 $ 11,923