v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Operating activities:          
Net loss $ (45,057) $ (172,455) $ (167,747) $ (213,555)  
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:          
Depreciation 5,975 5,044 17,625 15,386  
Amortization of intangible assets     21,439 20,629  
Amortization of operating lease right-of-use assets     6,675 6,324  
Amortization of deferred financing costs     1,251 2,238  
Stock-based compensation expense     26,248 38,870  
Change in estimated fair value of contingent consideration     0 (1,373)  
Goodwill impairment 0 154,239 42,884 154,239  
Acquisition related tax adjustment   (67) 4,082 2,374  
Change in fair value of derivative instruments     0 (2,021)  
Other     1,291 1,164  
Changes in operating assets and liabilities, net of acquisitions:          
Accounts receivable     15,777 25,789  
Inventory     4,907 (75)  
Prepaid expenses and other current and noncurrent assets     445 970  
Accounts payable     (1,832) (1,531)  
Accrued expenses and other current liabilities     8,888 (22,176)  
Other long-term liabilities     (16,738) (5,149)  
Net cash (used in) provided by operating activities     (34,805) 22,103  
Investing activities:          
Cash paid for acquisitions of a business, net of cash acquired     (18,990) 0  
Purchases of property and equipment     (11,035) (23,809)  
Proceeds from government assistance allocated to property and equipment     734 5,424  
Purchase of technology     0 (1,000)  
Net cash used in investing activities     (29,291) (19,385)  
Financing activities:          
Distributions for tax liabilities to non-controlling interest holder     0 (572)  
Principal repayments of long-term debt     (4,080) (4,080)  
Payments of finance lease liabilities     (570) (453)  
Proceeds from interest rate cap agreement     1,375 7,062  
Payments of acquisition related contingent consideration and consideration holdback     (6,800) 0  
Taxes paid for shares withheld under employee equity plans, net of proceeds from issuance of Class A common stock     (4,608) (1,480)  
Net cash (used in) provided by financing activities     (14,683) 477  
Effects of exchange rate changes on cash and cash equivalents     (46) 0  
Net (decrease) increase in cash and cash equivalents     (78,825) 3,195  
Cash and cash equivalents, beginning of period     322,399 574,962 $ 574,962
Cash and cash equivalents, end of period $ 243,574 $ 578,157 243,574 578,157 $ 322,399
Supplemental cash flow information:          
Cash paid for interest     18,771 35,866  
Cash (refunded) paid for income taxes, net     (561) 644  
Supplemental disclosures of non-cash activities:          
Property and equipment included in accounts payable and accrued expenses     916 1,805  
Purchase of technology included in accrued expenses     0 500  
Accrued receivable for capital expenditures to be reimbursed under a government contract     0 1,410  
Right-of-use assets obtained in exchange for operating lease liabilities     $ 463 $ 1,287  

Source

HTML PDF
ZIP