v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Net loss $ (230,762) $ (259,622) $ (138,375)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation 23,558 20,852 12,898
Amortization of intangible assets 27,951 27,531 27,356
Amortization of operating lease right-of-use assets 8,963 8,482 8,527
Amortization of deferred financing costs 1,654 2,896 2,929
Stock-based compensation expense 30,174 49,415 34,588
Loss on extinguishment of debt 0 3,187 0
Deferred income taxes (20) 11 754,942
Change in estimated fair value of contingent consideration 0 (2,003) (3,286)
Impairment 84,597 166,151 0
Revaluation of liabilities under the Tax Receivable Agreement 0 40 (668,886)
Acquisition related tax adjustment 4,082 2,306 1,293
Other 212 833 (3,606)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 12,816 14,359 84,395
Inventory 7,999 377 649
Prepaid expenses and other current assets 1,626 1,813 7,275
Other assets 181 153 861
Accounts payable (7,347) 723 5,284
Accrued expenses and other current liabilities (4,626) (23,740) 15,358
Other long-term liabilities (18,631) (6,299) (15,978)
Net cash (used in) provided by operating activities (57,573) 7,465 126,224
Investing activities:      
Cash paid for acquisitions of a business, net of cash acquired (18,990) 0 (69,622)
Purchases of property and equipment (13,149) (29,658) (65,553)
Proceeds from government assistance allocated to property and equipment 734 7,142 12,865
Other investing activities, net 0 (1,800) 0
Net cash used in investing activities (31,405) (24,316) (122,310)
Financing activities:      
Refunds (distributions) for tax liabilities to non-controlling interests holder 10 (494) (9,607)
Principal repayments of long-term debt (5,440) (234,393) (5,440)
Financing costs paid to acquire long-term debt 0 (1,241) 0
Proceeds from interest rate cap agreement 1,375 9,287 6,168
Payments of acquisition related contingent consideration and consideration holdback (6,800) 0 (9,706)
Payments pursuant to the Tax Receivable Agreement 0 (7,109) (42,153)
Other financing activities, net (5,644) (1,762) (352)
Net cash used in financing activities (16,499) (235,712) (61,090)
Effects of exchange rate changes on cash (32) 0 0
Net decrease in cash and cash equivalents (105,509) (252,563) (57,176)
Cash and cash equivalents, beginning of period 322,399 574,962 632,138
Cash and cash equivalents, end of period 216,890 322,399 574,962
Supplemental cash flow information:      
Cash paid for interest 24,976 50,973 44,256
Cash (refunded) paid for income taxes, net (555) 670 (2,987)
Supplemental disclosures of non-cash activities:      
Property and equipment included in accounts payable and accrued expenses 3,669 2,616 2,011
Accrued receivable for capital expenditures to be reimbursed under a government contract 0 734 1,118
Right-of-use assets obtained in exchange for finance lease liabilities 0 0 32,862
Right-of-use assets obtained in exchange for operating lease liabilities 463 1,287 3,931
Fair value of contingent consideration liability recorded in connection with acquisition of a business $ 0 $ 0 $ 5,289

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