v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (108,025) $ (78,726) $ (87,968)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation 36,072 39,101 37,450
Amortization of intangibles 31,752 33,446 35,133
Stock-based compensation 41,316 33,413 24,633
Non-cash operating lease expense 6,752 8,926 9,235
Amortization of convertible debt discount 1,910 2,725 2,691
Amortization of debt issuance costs 87 189 185
Loss (gain) on disposal of assets, net 31 (49) 292
Impairment charges (Note 3 and Note 7) 27,753 0 0
Impairment of long-lived assets 0 450 1,703
Other adjustments (323) 178 186
Changes in assets and liabilities, net:      
Accounts receivable, net (6,178) (19,313) (11,516)
Inventories (1,543) (2,699) (454)
Prepaid and other assets 1,555 (6,831) (3,180)
Operating lease liabilities (2,215) (5,999) (7,623)
Deferred income tax liabilities, net (3,359) (3,070) (11,193)
Accrued compensation (15,665) 9,283 13,020
Accounts payable, accrued and other liabilities (4,690) (4,001) (4,547)
Net cash provided by (used in) operating activities 5,230 7,023 (1,953)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of marketable securities 0 0 (6,756)
Proceeds from maturities of marketable securities 20,060 53,916 112,215
Purchases of property and equipment (27,008) (41,061) (28,752)
Proceeds from assets held for sale, net of closing costs 2,066 0 0
Business acquisitions, net of cash acquired (6,454) 0 0
Purchase of convertible note (500) 0 0
Purchase of equity securities (500) 0 0
Net cash (used in) provided by investing activities (12,336) 12,855 76,707
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayment of equipment financing obligations 0 0 (70)
Issuance of common stock, net 962 4,646 4,624
Repayment of convertible debt (201,250) 0 0
Net cash (used in) provided by financing activities (200,288) 4,646 4,554
Net change in cash and cash equivalents (207,394) 24,524 79,308
Cash, cash equivalents and restricted cash, beginning of year 367,012 342,488 263,180
Cash, cash equivalents and restricted cash, end of year 159,618 367,012 342,488
Supplemental disclosure of cash flow information:      
Interest paid 1,691 3,829 3,380
Federal 30 (194) 0
Income taxes paid, net: 515 207 175
Supplemental disclosure of non-cash investing and financing information:      
Purchases of property and equipment included in accounts payable 1,714 1,012 610
Right-of-use assets obtained in exchange for operating lease liabilities 6,397 617 7,520
Texas      
Supplemental disclosure of cash flow information:      
State and local 324 271 155
Pennsylvania      
Supplemental disclosure of cash flow information:      
State and local 42 80
Oregon      
Supplemental disclosure of cash flow information:      
State and local 30 25 20
Illinois      
Supplemental disclosure of cash flow information:      
State and local 25 25 0
Maryland      
Supplemental disclosure of cash flow information:      
State and local 31 0 0
All Other States      
Supplemental disclosure of cash flow information:      
State and local $ 33 $ 0 $ 0

Source

10-K XBRL Zip