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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net loss $ (17,142) $ (26,723)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 167 395
Stock-based compensation 5,550 8,740
Accretion of unamortized debt discount and amortization of debt issuance costs 462 410
Change in fair value of common stock warrant liabilities 0 (9)
Changes in operating assets and liabilities:    
Accounts receivable, net (3,235) 846
Prepaid expenses and other assets 1,235 795
Accounts payable (736) 9,659
Operating lease liabilities 0 (430)
Other accruals and liabilities 2,768 1,921
Net cash used in operating activities (10,931) (4,396)
Investing Activities    
Purchases of property and equipment (1,192) (515)
Capitalization of software development costs (535) 0
Purchases of marketable securities 0 (4)
Proceeds from sales of marketable securities 0 688
Net cash (used in) provided by investing activities (1,727) 169
Financing Activities    
Principal payments on finance leases obligations (192) (244)
Repurchase of common stock (4,732) (6,956)
Net cash used in financing activities (4,924) (7,200)
Net change in cash, cash equivalents and restricted cash (17,582) (11,427)
Cash, cash equivalents and restricted cash – beginning of year 281,923 312,028
Cash, cash equivalents and restricted cash – end of period 264,341 300,601
Cash paid during the period for:    
Interest 11 33
Taxes 34 0
Noncash investing and financing activities:    
Purchases of property and equipment included in accounts payable 67 0
Stock-based compensation capitalized in software development costs $ 96 $ 0