DexCom, Inc
(NASDAQ:DXCM)

DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally. The company offers its systems for use by people with diabetes, as well as for use by healthcare providers. Its p...

Website: http://www.dexcom.com

Founded: 1999

Full Time Employees: 3,900

CEO: Kevin R. Sayer

Sector: Healthcare

Industry: Diagnostics & Research

Healthcare

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At a glance:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2006-12-31	2005-12-31

revenue	1,191,900,000	1,259,600,000	1,209,300,000	1,157,100,000	1,036,000,000	1,113,500,000	994,200,000	1,004,300,000	921,000,000	1,034,500,000	975,000,000	871,300,000	741,500,000	815,200,000	769,600,000	696,200,000	628,800,000	698,200,000	650,200,000	595,100,000	505,000,000	568,900,000	500,900,000	451,800,000	405,100,000	462,800,000	396,300,000	336,400,000	280,500,000	338,000,000	266,700,000	242,500,000	184,400,000	124,375,000	184,600,000	170,600,000	142,300,000				116,200,000																																	1,528,000	1,224,000
yoy	15.05%	13.12%	21.64%	15.21%	12.49%	7.64%	1.97%	15.26%	24.21%	26.90%	26.69%	25.15%	17.92%	16.76%	18.36%	16.99%	24.51%	22.73%	29.81%	31.72%	24.66%	22.93%	26.39%	34.30%	44.42%	36.92%	48.59%	38.72%	52.11%	171.76%	44.47%	42.15%	29.59%				22.46%
qoq	-5.37%	4.16%	4.51%	11.69%	-6.96%	12.00%	-1.01%	9.04%	-10.97%	6.10%	11.90%	17.51%	-9.04%	5.93%	10.54%	10.72%	-9.94%	7.38%	9.26%	17.84%	-11.23%	13.58%	10.87%	11.53%	-12.47%	16.78%	17.81%	19.93%	-17.01%	26.73%	9.98%	31.51%	48.26%	-32.62%	8.21%	19.89%																																						24.84%
cost of sales	441,600,000	466,900,000	477,900,000	468,300,000	447,000,000	457,700,000	400,400,000	377,600,000	359,100,000	377,900,000	351,700,000	324,900,000	278,900,000	273,900,000	275,400,000	246,700,000	230,700,000	225,600,000	203,300,000	178,000,000	161,100,000	169,800,000	160,500,000	167,700,000	148,600,000	153,500,000	149,400,000	129,900,000	111,700,000	115,200,000	98,100,000	88,900,000	65,500,000	67,500,000	57,600,000	53,100,000	48,200,000	35,100,000	47,500,000	51,800,000	41,100,000																																	3,655,000	3,113,000
gross profit	750,300,000	792,700,000	731,400,000	688,800,000	589,000,000	655,800,000	593,800,000	626,700,000	561,900,000	656,600,000	623,300,000	546,400,000	462,600,000	541,300,000	494,200,000	449,500,000	398,100,000	472,600,000	446,900,000	417,100,000	343,900,000	399,100,000	340,400,000	284,100,000	256,500,000	309,300,000	246,900,000	206,500,000	168,800,000	222,800,000	168,600,000	153,600,000	118,900,000	153,500,000	127,000,000	117,500,000	94,100,000	116,700,000	101,100,000	85,500,000	75,100,000	91,200,000	74,700,000	66,000,000	46,500,000	59,400,000	47,200,000	39,900,000	29,800,000	34,100,000	27,600,000	21,900,000	16,500,000	17,568,000	8,402,000	11,243,000	9,387,000	10,693,000	8,164,000
yoy	27.39%	20.88%	23.17%	9.91%	4.82%	-0.12%	-4.73%	14.70%	21.47%	21.30%	26.12%	21.56%	16.20%	14.54%	10.58%	7.77%	15.76%	18.42%	31.29%	46.81%	34.07%	29.03%	37.87%	37.58%	51.95%	38.82%	46.44%	34.44%	41.97%	45.15%	32.76%	30.72%	26.35%	31.53%	25.62%	37.43%	25.30%	27.96%	35.34%	29.55%	61.51%	53.54%	58.26%	65.41%	56.04%	74.19%	71.01%	82.19%	80.61%	94.10%	228.49%	94.79%	75.78%	64.29%	2.92%
qoq	-5.35%	8.38%	6.18%	16.94%	-10.19%	10.44%	-5.25%	11.53%	-14.42%	5.34%	14.07%	18.12%	-14.54%	9.53%	9.94%	12.91%	-15.76%	5.75%	7.14%	21.29%	-13.83%	17.24%	19.82%	10.76%	-17.07%	25.27%	19.56%	22.33%	-24.24%	32.15%	9.77%	29.18%	-22.54%	20.87%	8.09%	24.87%	-19.37%	15.43%	18.25%	13.85%	-17.65%	22.09%	13.18%	41.94%	-21.72%	25.85%	18.30%	33.89%	-12.61%	23.55%	26.03%	32.73%	-6.08%	109.09%	-25.27%	19.77%	-12.21%	30.98%
gross margin %	62.95%	62.93%	60.48%	59.53%	56.85%	58.90%	59.73%	62.40%	61.01%	63.47%	63.93%	62.71%	62.39%	66.40%	64.22%	64.56%	63.31%	67.69%	68.73%	70.09%	68.10%	70.15%	67.96%	62.88%	63.32%	66.83%	62.30%	61.39%	60.18%	65.92%	63.22%	63.34%	64.48%	123.42%	68.80%	68.87%	66.13%	Infinity%	Infinity%	Infinity%	64.63%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%
operating expenses:
research and development	145,300,000	148,200,000	157,500,000	148,200,000	145,200,000	139,500,000	135,400,000	136,000,000	141,500,000	136,100,000	131,400,000	119,300,000	119,000,000	116,300,000	110,300,000	121,700,000	135,900,000	149,800,000	128,800,000	129,100,000	109,400,000	119,200,000	87,700,000	79,900,000	73,100,000	78,800,000	66,700,000	69,000,000	59,000,000	57,600,000	50,100,000	47,200,000	44,800,000	48,700,000	43,300,000	45,300,000	48,100,000	43,700,000	43,900,000	36,300,000	32,200,000	28,500,000	64,800,000	24,400,000	19,800,000	21,600,000	18,500,000	14,800,000	14,500,000	12,600,000	11,800,000	11,100,000	9,300,000	8,705,000	10,582,000	10,498,000	9,715,000	9,232,000	8,231,000	7,016,000	6,268,000	6,902,000	6,161,000	5,425,000	4,739,000	4,172,000	3,496,000	3,455,000	3,171,000	4,571,000	5,418,000	4,797,000	4,843,000	4,397,000	3,671,000
selling, general and administrative	349,700,000	321,500,000	331,400,000	328,000,000	310,100,000	327,400,000	306,400,000	332,700,000	319,300,000	308,800,000	284,700,000	297,300,000	294,600,000	297,800,000	234,600,000	248,900,000	220,900,000	235,100,000	199,800,000	187,000,000	188,600,000	175,900,000	158,600,000	136,400,000	149,800,000	129,000,000	124,200,000	138,300,000	124,200,000	112,100,000	104,600,000	111,300,000	104,800,000	92,800,000	84,200,000	85,800,000	86,400,000	79,100,000	75,700,000	69,300,000	62,100,000	61,100,000	52,300,000	45,200,000	39,400,000	36,200,000	33,700,000	30,900,000	27,600,000	23,800,000	21,600,000	20,700,000	18,100,000	17,195,000	15,142,000	15,394,000	15,069,000	13,737,000	13,241,000	12,244,000	10,718,000	9,973,000	10,377,000	10,362,000	9,794,000	9,397,000	8,948,000	8,952,000	7,903,000	7,349,000	6,652,000	7,247,000	6,421,000	5,653,000	5,943,000
total operating expenses	495,000,000	469,700,000	488,900,000	476,200,000	455,300,000	466,900,000	441,800,000	468,700,000	460,800,000	439,700,000	417,800,000	418,300,000	415,400,000	415,900,000	346,700,000	372,500,000	356,800,000	472,000,000	328,600,000	316,100,000	298,000,000	295,100,000	246,300,000	216,300,000	222,900,000	207,800,000	190,900,000	207,300,000	183,200,000	387,400,000	154,700,000	158,500,000	149,600,000	141,500,000	127,500,000	131,100,000	134,500,000	122,800,000	119,600,000	105,600,000	94,300,000	89,600,000	117,100,000	69,600,000	59,200,000	57,800,000	52,200,000	45,700,000	42,100,000	36,400,000	33,400,000	31,800,000	27,400,000	25,900,000	25,724,000	25,892,000	24,784,000	22,969,000	21,472,000	19,260,000	16,986,000	16,875,000	16,538,000	15,787,000	14,533,000	13,569,000	12,444,000	12,407,000	11,074,000	11,920,000	12,070,000	12,044,000	11,264,000	10,050,000	9,614,000
operating income	255,300,000	323,000,000	242,500,000	212,600,000	133,700,000	188,900,000	152,000,000	158,000,000	101,100,000	216,900,000	205,500,000	128,100,000	47,200,000	125,400,000	147,500,000	77,000,000	41,300,000	600,000	118,300,000	101,000,000	45,900,000	104,000,000	94,100,000	67,800,000	33,600,000	101,500,000	56,000,000	-800,000	-14,400,000	-164,600,000	13,900,000	-4,900,000	-30,700,000	12,000,000	-500,000	-13,600,000	-40,400,000	-6,100,000	-18,500,000	-20,100,000	-19,200,000	1,600,000	-42,400,000	-3,600,000	-12,700,000	1,600,000	-5,000,000	-5,800,000	-12,300,000	-2,300,000	-5,800,000	-9,900,000	-10,900,000	-8,332,000	-17,322,000	-14,649,000	-15,397,000	-12,276,000	-13,308,000	-7,389,000	-11,870,000	-9,886,000	-13,062,000	-11,268,000	-11,074,000	-9,462,000	-11,579,000	-13,455,000	-11,337,000	-12,738,000	-13,990,000	-13,455,000	-12,644,000
yoy	90.95%	70.99%	59.54%	34.56%	32.25%	-12.91%	-26.03%	23.34%	114.19%	72.97%	39.32%	66.36%	14.29%	20800.00%	24.68%	-23.76%	-10.02%	-99.42%	25.72%	48.97%	36.61%	2.46%	68.04%	-8575.00%	-333.33%	-161.66%	302.88%	-83.67%	-53.09%	-1471.67%	-2880.00%	-63.97%	-24.01%	-296.72%	-97.30%	-32.34%	110.42%	-481.25%	-56.37%	458.33%	51.18%	0.00%	748.00%	-37.93%	3.25%	-169.57%	-13.79%	-41.41%	12.84%	-72.40%	-66.52%	-32.42%	-29.21%	-32.13%	30.16%	98.25%	29.71%	24.18%	1.88%	-34.42%	7.19%	4.48%	12.81%	-16.25%	-2.32%	-25.72%	-17.23%	0.00%	-10.34%
qoq	-20.96%	33.20%	14.06%	59.01%	-29.22%	24.28%	-3.80%	56.28%	-53.39%	5.55%	60.42%	171.40%	-62.36%	-14.98%	91.56%	86.44%	6783.33%	-99.49%	17.13%	120.04%	-55.87%	10.52%	38.79%	101.79%	-66.90%	81.25%	-7100.00%	-94.44%	-91.25%	-1284.17%	-383.67%	-84.04%	-355.83%	-2500.00%	-96.32%	-66.34%	562.30%	-67.03%	-7.96%	4.69%	-1300.00%	-103.77%	1077.78%	-71.65%	-893.75%	-132.00%	-13.79%	-52.85%	434.78%	-60.34%	-41.41%	-9.17%	30.82%	-51.90%	18.25%	-4.86%	25.42%	-7.75%	80.11%	-37.75%	20.07%	-24.31%	15.92%	1.75%	17.04%	-18.28%	-13.94%	18.68%	-11.00%	-8.95%	3.98%	6.41%
operating margin %	21.42%	25.64%	20.05%	18.37%	12.91%	16.96%	15.29%	15.73%	10.98%	20.97%	21.08%	14.70%	6.37%	15.38%	19.17%	11.06%	6.57%	0.09%	18.19%	16.97%	9.09%	18.28%	18.79%	15.01%	8.29%	21.93%	14.13%	-0.24%	-5.13%	-48.70%	5.21%	-2.02%	-16.65%	9.65%	-0.27%	-7.97%	-28.39%	-Infinity%	-Infinity%	-Infinity%	-16.52%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	0%	0%
other income	14,200,000	17,700,000	109,800,000	28,500,000	20,600,000	22,400,000	25,400,000	29,800,000	31,400,000	30,300,000	33,900,000																			-1,150,000	-1,600,000	-5,600,000	2,600,000	-100,000	1,300,000	1,800,000	400,000
income before income taxes	269,500,000	340,700,000	352,300,000	241,100,000	154,300,000	211,300,000	177,400,000	187,800,000	132,500,000	246,200,000	240,400,000	159,300,000	64,500,000	133,200,000	146,200,000	75,300,000	36,100,000	-14,700,000	90,700,000	76,700,000	21,200,000	81,300,000	75,100,000	46,200,000	22,400,000	94,300,000	45,800,000	-9,300,000	-26,600,000	-176,900,000	44,800,000	29,600,000	-24,000,000	8,600,000	-2,500,000	-14,400,000	-40,300,000	-7,000,000	-18,600,000	-20,100,000										-2,600,000	-6,000,000	-10,100,000	-11,100,000	-8,495,000	-17,306,000	-14,627,000	-15,372,000
income tax expense	70,000,000	73,400,000	68,500,000	61,300,000	48,900,000	59,600,000	42,800,000	44,300,000	-13,900,000	-10,100,000	119,700,000	43,400,000	15,900,000	2,050,000	45,000,000			3,625,000	19,800,000	13,800,000	-19,100,000	-273,900,000	2,900,000	-100,000	2,500,000	1,600,000			300,000				200,000				1,400,000	400,000	200,000	100,000														-13,000	-43,000	64,000	-1,308,000
net income	199,500,000	267,300,000	283,800,000	179,800,000	105,400,000	151,700,000	134,600,000	143,500,000	146,400,000	256,300,000	120,700,000	115,900,000	48,600,000	91,800,000	101,200,000	50,900,000	97,300,000	-19,400,000	70,900,000	62,900,000	40,300,000	355,200,000	72,200,000	46,300,000	19,900,000	92,700,000	45,800,000	-10,500,000	-26,900,000	-179,700,000	46,600,000	30,200,000	-24,200,000	-9,400,000	-2,000,000	2,900,000	-41,700,000	-7,400,000	-18,800,000	-20,200,000	-19,200,000	1,500,000	-42,500,000	-3,700,000	-12,900,000	1,300,000	-5,200,000	-6,000,000	-12,500,000	-2,600,000	-6,000,000	-10,100,000	-11,100,000	-8,482,000	-17,263,000	-14,691,000	-14,064,000	-12,251,000	-13,278,000	-7,367,000	-11,850,000	-9,812,000	-13,398,000	-11,687,000	-20,273,000	-11,529,000	-13,523,000	-15,330,000	-13,142,000	-13,450,000	-14,688,000	-14,074,000	-12,972,000	-12,229,000	-11,384,000
yoy	89.28%	76.20%	110.85%	25.30%	-28.01%	-40.81%	11.52%	23.81%	201.23%	179.19%	19.27%	127.70%	-50.05%	-573.20%	42.74%	-19.08%	141.44%	-105.46%	-1.80%	35.85%	102.51%	283.17%	57.64%	-540.95%	-173.98%	-151.59%	-1.72%	-134.77%	11.16%	1811.70%	-2430.00%	941.38%	-41.97%	27.03%	-89.36%	-114.36%	117.19%	-593.33%	-55.76%	445.95%	48.84%	15.38%	717.31%	-38.33%	3.20%	-150.00%	-13.33%	-40.59%	12.61%	-69.35%	-65.24%	-31.25%	-21.08%	-30.76%	30.01%	99.42%	18.68%	24.86%	-0.90%	-36.96%	-41.55%	-14.89%	-0.92%	-23.76%	54.26%	-14.28%	-7.93%	8.92%	1.31%	9.98%	29.02%
qoq	-25.36%	-5.81%	57.84%	70.59%	-30.52%	12.70%	-6.20%	-1.98%	-42.88%	112.34%	4.14%	138.48%	-47.06%	-9.29%	98.82%	-47.69%	-601.55%	-127.36%	12.72%	56.08%	-88.65%	391.97%	55.94%	132.66%	-78.53%	102.40%	-536.19%	-60.97%	-85.03%	-485.62%	54.30%	-224.79%	157.45%	370.00%	-168.97%	-106.95%	463.51%	-60.64%	-6.93%	5.21%	-1380.00%	-103.53%	1048.65%	-71.32%	-1092.31%	-125.00%	-13.33%	-52.00%	380.77%	-56.67%	-40.59%	-9.01%	30.87%	-50.87%	17.51%	4.46%	14.80%	-7.73%	80.24%	-37.83%	20.77%	-26.77%	14.64%	-42.35%	75.84%	-14.75%	-11.79%	16.65%	-2.29%	-8.43%	4.36%	8.50%	6.08%	7.42%
net income margin %	16.74%	21.22%	23.47%	15.54%	10.17%	13.62%	13.54%	14.29%	15.90%	24.78%	12.38%	13.30%	6.55%	11.26%	13.15%	7.31%	15.47%	-2.78%	10.90%	10.57%	7.98%	62.44%	14.41%	10.25%	4.91%	20.03%	11.56%	-3.12%	-9.59%	-53.17%	17.47%	12.45%	-13.12%	-7.56%	-1.08%	1.70%	-29.30%	-Infinity%	-Infinity%	-Infinity%	-16.52%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-800.33%	-930.07%
basic net income per share	0.52	0.69	0.73	0.46	0.27	0.38	0.34	0.36	0.38	0.66	0.31	0.3	0.13	0.24	0.26	0.13	1	-0.2	0.73	0.65	0.42	3.75	0.75	0.49	0.22	1.02	0.5	-0.12		0.15	0.53	0.34										-0.188	-0.53	-0.05				-0.08
shares used to compute basic net income per share	385.1	-1.2	391.1	392.1	391.1	-1	394.2	399.2	390.2	-0.7	386.6	386.7	386.7	-1	389.8	392.5	97.2	0.1	96.9	96.7	96.3	0.6	95.8	93.8	91.8	0.2	91.3	91.1		22	88.5	88.2				86.4						19.8	80.5	79.6				75
diluted net income per share	0.51	0.67	0.7	0.45	0.27	0.38	0.34	0.35	0.36	0.61	0.29	0.28	0.12	0.22	0.24	0.12	0.93	-0.19	0.71	0.63	0.41	3.63	0.73	0.48	0.21	1.01	0.5	-0.12		0.148	0.52	0.34										-0.188	-0.53	-0.05				-0.09
shares used to compute diluted net income per share	393.6	-2.2	407.4	408.2	407.5	-2	410.2	416.8	416.7	-2.8	426.8	431.5	418.5	-0.5	425.8	421.4	107.2	0.3	100.5	99.6	99.4	0.6	99.5	97	94.1	0.1	92.5	91.1		22.325	90.3	89.4										19.8	80.5	79.6				75.3
amortization of intangible assets										1,300,000	1,700,000	1,700,000	1,800,000	1,800,000	1,800,000	1,900,000
income from equity investments										250,000	1,000,000						200,000												-4,200,000	-4,900,000	34,900,000	42,700,000	7,400,000
interest expense												-5,900,000	-4,600,000	-4,700,000	-4,600,000	-4,700,000	-4,600,000	-25,200,000	-25,100,000	-25,200,000	-24,800,000	-24,600,000	-24,400,000	-20,300,000	-15,400,000	-15,300,000	-15,100,000	-15,000,000	-14,900,000	-8,200,000	-4,900,000	-4,800,000	-4,800,000	-4,700,000	-4,500,000	-3,100,000	-500,000	-300,000	-200,000	-100,000	-100,000		-100,000	-100,000	-200,000	-200,000	-200,000	-200,000	-200,000	-300,000	-200,000	-200,000	-200,000	-198,000	-1,000	-1,000		-1,000	-1,000	-3,000	-6,000	-8,000	-44,000	-197,000	-1,299,000	-2,098,000	-2,037,000	-1,982,000	-1,928,000	-879,000	-913,000	-926,000	-893,000
interest and other income												37,100,000	21,900,000	12,500,000	3,300,000	3,000,000	-800,000	-1,000,000	-1,700,000	900,000	100,000	1,900,000	5,900,000	4,100,000	4,200,000	8,100,000	4,900,000	6,500,000	6,900,000																									35,000	17,000	23,000	25,000									80,750	93,000
* we adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. all periods presented have also been adjusted to reflect the four-for-one stock split. refer to note 1, “organization and significant accounting policies,” for further information.
income tax benefit																24,400,000	-61,200,000											1,200,000		-550,000	-1,800,000	-600,000		-4,100,000	-500,000	-17,300,000
* we adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. refer to note 1 “organization and significant accounting policies” for further information.
loss on extinguishment of debt																		-700,000	-800,000				-500,000	-5,400,000
loss from equity investments
basic and diluted net income per share																													-0.3				-0.28	-0.11	-0.02	0.03	-0.49	-0.08	-0.22	-0.24					-0.17				-0.17			-0.14	-0.16					-0.125	-0.2	-0.11	-0.19	-0.203	-0.23	-0.2	-0.4	-0.24	-0.29	-0.33	-0.33	-0.355	-0.5	-0.48	-0.44	-0.298	-0.4
shares used to compute basic and diluted net income per share																													90.3				87.3	0.2	86.7		85.2	0.3	84.1	83.6					77.8				73.3			70.9	69.8					16,227.5	67,397	65,096	62,179	13,926.75	58,200	57,554	51,291	10,949.25	45,919	45,832	39,569	7,353.75	29,627	29,387	29,228	7,070,663.25	28,324,661
operating expenses
interest income																														1,550,000	2,500,000	2,200,000	1,500,000	1,400,000	1,200,000	500,000	200,000	100,000	100,000	100,000	100,000																	25,000	31,000	25,000	26,000	22,000	20,000	23,000	30,000			107,000	123,000	133,000	215,000	307,000	565,000	-52,000	119,000
shares used to compute dilutive net income per share																																				87.4
product revenue																																						171,200,000	148,600,000	137,300,000		130,800,000	104,200,000	92,900,000	72,800,000	84,300,000	67,900,000	58,200,000	46,700,000	51,300,000	42,500,000	35,500,000	27,800,000	31,777,000	21,081,000	21,524,000	18,618,000	20,936,000	16,656,000	15,179,000	13,139,000	13,592,000	10,776,000	9,043,000	6,764,000	6,632,000	4,620,000	4,112,000	2,672,000	2,465,000	1,878,000	1,940,000
development grant and other revenue																																											1,000,000	300,000			1,100,000	600,000	400,000	400,000	400,000	300,000	1,800,000	1,489,000	2,008,000	1,926,000	1,477,000	1,485,000	1,598,000	6,238,000	1,035,000	2,044,000	888,000	2,743,000	2,781,000
total revenue																																						171,200,000	148,600,000	137,300,000		130,800,000	105,200,000	93,200,000	72,800,000	84,300,000	69,000,000	58,800,000	47,100,000	51,700,000	42,900,000	35,800,000	29,600,000	33,266,000	23,089,000	23,450,000	20,095,000	22,421,000	18,254,000	21,417,000	14,174,000	15,636,000	11,664,000	11,786,000	9,545,000	10,471,000	7,259,000	6,751,000	5,212,000	4,073,000	1,920,000	1,982,000
basic and diluted net loss per share																																									-0.23									-0.095	-0.08			-0.168	-0.25	-0.21	-0.21
shares used to compute basic and diluted net loss per share																																									82.1									17.675	71.4			17,123.5	69,052	68,635	67,790
product cost of sales																																										39,600,000	30,500,000	27,200,000	26,300,000	24,900,000	21,800,000	18,700,000	16,900,000	17,200,000	14,800,000	13,700,000	12,400,000	14,433,000	13,391,000	10,889,000	9,587,000	10,695,000	9,230,000	8,351,000	8,352,000	7,664,000	6,982,000	6,318,000	5,140,000	5,478,000	4,589,000	4,627,000	3,522,000	3,550,000	3,577,000	3,144,000	3,112,000
development and other cost of sales																																																200,000	400,000	400,000	500,000	200,000	700,000	1,265,000	1,296,000	1,318,000	1,121,000	1,033,000	860,000	1,195,000	706,000	983,000	1,206,000	949,000	946,000
total cost of sales																																										39,600,000	30,500,000	27,200,000	26,300,000	24,900,000	21,800,000	18,900,000	17,300,000	17,600,000	15,300,000	13,900,000	13,100,000	15,698,000	14,687,000	12,207,000	10,708,000	11,728,000	10,090,000	9,546,000	9,058,000	8,647,000	8,188,000	7,267,000	6,086,000	6,364,000	6,394,000	7,799,000	5,475,000	4,891,000	3,840,000	3,393,000	3,242,000
basic net loss per share																																														-0.08	-0.07
shares used to compute basic net loss per share																																														18.675	75.8
diluted net loss per share																																														-0.083	-0.08
shares used to compute diluted net loss per share																																														18.75	76.1
loss on debt extinguishment upon conversion of convertible debt																																																														-3,000	-312,000	-245,000	-7,930,000
gross margin																																																												11,871,000	5,116,000	6,989,000	3,476,000	4,519,000	3,459,000	4,107,000	865,000		-263,000	-818,000	-1,920,000	-1,411,000	-1,380,000
development grant revenue																																																																		1,954,500	2,639,000	2,639,000	2,540,000	1,608,000	42,000	42,000	38,000
development cost of sales																																																																		1,732,500	1,805,000	3,172,000	1,953,000	1,341,000	263,000	249,000	130,000
gross deficit																																																																				-1,048,000
product revenues																																																																									1,824,000
total revenues																																																																									1,862,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2006-12-31	2005-12-31

assets
current assets:
cash and cash equivalents	1,118,200,000	917,700,000	1,835,700,000	1,159,000,000	904,900,000	606,100,000	621,200,000	939,200,000	851,200,000	566,300,000	643,700,000	1,194,900,000	623,200,000	642,300,000	698,100,000	735,400,000	716,000,000	1,052,600,000	1,444,300,000	1,158,800,000	733,800,000	817,600,000	673,500,000	530,000,000	584,600,000	446,200,000	395,600,000	709,200,000	1,285,100,000	1,137,000,000	367,400,000	300,200,000	420,400,000	441,500,000	402,100,000	395,900,000	153,500,000	94,500,000	97,700,000	87,500,000	77,900,000	86,100,000	85,300,000	67,700,000	54,200,000	71,800,000	63,200,000	49,500,000	45,700,000	43,200,000	33,400,000	28,200,000	18,900,000	8,100,000	4,744,000	5,985,000	5,119,000	2,553,000	17,523,000	33,889,000	3,805,000	4,889,000	5,529,000	6,090,000	10,700,000	3,577,000	6,362,000	4,208,000	9,276,000	12,700,000	4,642,000	4,963,000	23,952,000	23,115,000	15,176,000	18,167,066	37,247,064
short-term marketable securities	1,297,000,000	1,081,000,000	1,486,400,000	1,770,300,000	1,796,500,000	1,973,300,000	1,871,100,000	2,181,500,000	2,045,800,000	2,157,800,000	2,596,600,000	2,441,300,000	1,943,800,000	1,813,900,000	1,673,800,000	2,019,400,000	1,972,200,000	1,678,600,000	1,253,600,000	1,426,100,000	1,898,800,000	1,890,100,000	1,930,300,000	1,978,800,000	925,900,000	1,087,100,000	1,034,300,000	668,300,000	72,900,000	248,600,000	301,300,000	305,900,000	113,500,000
accounts receivable	1,088,600,000	1,216,100,000	1,109,600,000	1,348,800,000	1,155,200,000	1,005,700,000	1,002,000,000	945,200,000	978,600,000	973,900,000	785,700,000	750,600,000	636,800,000	713,300,000	564,100,000	560,800,000	544,500,000	514,300,000	529,100,000	483,500,000	443,400,000	428,500,000	370,000,000	296,500,000	300,700,000	286,300,000	234,900,000	217,300,000	204,700,000	226,700,000	169,800,000	162,000,000	123,900,000	134,300,000	110,500,000	101,700,000	85,900,000	101,700,000	76,800,000	73,800,000	67,300,000	74,100,000	55,800,000	45,500,000	40,200,000	42,400,000	31,400,000	28,600,000	23,800,000	26,100,000	21,600,000	17,700,000	16,300,000	19,500,000	12,357,000	12,900,000	12,543,000	12,547,000	9,003,000	8,694,000	7,158,000	6,671,000	5,102,000	4,661,000	3,801,000	3,490,000	2,487,000	2,067,000	1,345,000	1,118,000	429,000	568,000	321,000	215,000	171,000	120,477
inventory	693,600,000	629,100,000	604,100,000	570,700,000	538,200,000	542,600,000	586,300,000	570,300,000	589,100,000	559,600,000	498,600,000	421,100,000	366,000,000	306,700,000	311,000,000	339,500,000	342,200,000	357,300,000	351,300,000	319,300,000	289,700,000	234,700,000	200,700,000	165,300,000	141,900,000	119,800,000	120,400,000	117,900,000	101,100,000	70,700,000	55,200,000	46,200,000	51,600,000	45,200,000	43,300,000	42,800,000	46,500,000	45,400,000	44,700,000	42,900,000	46,100,000	35,200,000	30,600,000	22,400,000	18,400,000	16,000,000	14,300,000	11,600,000	8,900,000	9,000,000	10,000,000	7,300,000	7,500,000	7,400,000	7,141,000	7,378,000	8,044,000	8,171,000	6,455,000	6,258,000	6,425,000	8,112,000	6,353,000	4,087,000	3,851,000	2,641,000	1,932,000	1,363,000	2,365,000	2,446,000	2,590,000	2,771,000	1,824,000	1,139,000	1,035,000	1,413,024
prepaid and other current assets	134,300,000	189,400,000	183,700,000	181,400,000	159,000,000	173,700,000	182,200,000	212,200,000	156,000,000	168,300,000	173,800,000	195,000,000	197,600,000	192,600,000	151,500,000	153,600,000	171,700,000	81,600,000	77,900,000	86,500,000	79,400,000	53,900,000	62,600,000	62,400,000	42,600,000	30,000,000	30,500,000	31,500,000	27,000,000	16,500,000	20,400,000	21,700,000	19,900,000	16,600,000	13,300,000	15,700,000	17,000,000	9,200,000	9,800,000	8,700,000	7,500,000	6,800,000	4,000,000	5,000,000	3,800,000	3,900,000	2,800,000	4,000,000	3,500,000	3,400,000	2,500,000	2,800,000	2,200,000	2,000,000	2,688,000	2,527,000	2,051,000	1,781,000	2,457,000	3,011,000	2,304,000	2,690,000	1,460,000	1,614,000	1,436,000	2,773,000	1,239,000	1,819,000	1,344,000	1,426,000	1,382,000	1,757,000	1,118,000	1,614,000	1,598,000	1,313,907	488,015
total current assets	4,331,700,000	4,033,300,000	5,219,500,000	5,030,200,000	4,553,800,000	4,301,400,000	4,262,800,000	4,848,400,000	4,620,700,000	4,425,900,000	4,698,400,000	5,002,900,000	3,767,400,000	3,668,800,000	3,398,500,000	3,808,700,000	3,746,600,000	3,684,400,000	3,656,200,000	3,474,200,000	3,445,100,000	3,424,800,000	3,237,100,000	3,033,000,000	1,995,700,000	1,969,400,000	1,815,700,000	1,744,200,000	1,690,800,000	1,699,500,000	914,100,000	836,000,000	729,300,000	744,700,000	692,900,000	656,800,000	330,500,000	280,000,000	258,600,000	241,000,000	227,400,000	231,300,000	203,700,000	170,400,000	146,200,000	145,900,000	123,400,000	105,500,000	93,600,000	93,100,000	81,700,000	74,200,000	71,300,000	77,600,000	75,571,000	83,993,000	92,822,000	104,410,000	115,232,000	123,980,000	54,432,000	66,025,000	44,488,000	50,443,000	59,009,000	36,920,000	43,376,000	54,123,000	66,506,000	32,058,000	29,784,000	42,955,000	53,847,000	67,291,000	77,083,000	57,355,923	51,012,767
property and equipment	1,559,700,000	1,559,900,000	1,471,300,000	1,457,300,000	1,364,700,000	1,339,900,000	1,318,800,000	1,183,100,000	1,108,600,000	1,113,100,000	1,078,900,000	1,077,600,000	1,075,500,000	1,055,600,000	1,002,500,000	942,900,000	856,500,000	801,800,000	742,200,000	676,000,000	589,900,000	515,300,000	461,800,000	384,300,000	346,100,000	321,300,000	301,000,000	253,200,000	221,400,000	183,100,000	169,600,000	156,800,000	152,400,000	145,600,000	136,100,000	125,000,000	123,400,000	109,400,000	88,400,000	77,000,000	65,900,000	54,700,000	46,600,000	40,600,000	35,700,000	31,200,000	28,000,000	26,000,000	22,900,000	20,700,000	19,700,000	19,100,000	18,300,000	18,900,000	18,613,000	17,768,000	16,206,000	15,019,000	12,524,000	12,016,000	11,748,000	10,763,000	9,240,000	7,775,000	6,880,000	6,422,000	6,731,000	6,495,000	6,403,000	6,105,000	6,442,000	6,543,000	6,854,000	6,649,000	5,058,000	6,117,685	5,463,491
operating lease right-of-use assets	73,100,000	77,400,000	54,000,000	56,400,000	59,100,000	62,800,000	67,500,000	71,200,000	68,000,000	71,400,000	73,400,000	76,300,000	78,000,000	80,000,000	73,100,000	77,900,000	82,300,000	88,100,000	91,300,000	94,800,000	98,800,000	93,300,000	94,300,000	71,600,000	73,800,000	71,500,000	34,600,000	35,800,000	27,700,000
goodwill	24,200,000	24,200,000	24,100,000	24,100,000	23,100,000	22,800,000	23,800,000	23,300,000	23,200,000	25,200,000	25,300,000	25,800,000	25,700,000	25,700,000	24,700,000	25,600,000	26,600,000	26,500,000	23,900,000	19,100,000	18,900,000	19,300,000	19,000,000	18,700,000	18,600,000	18,600,000	18,400,000	18,700,000	18,600,000	18,700,000	18,400,000	11,900,000	12,300,000	12,100,000	12,000,000	11,900,000	11,400,000	11,300,000	11,800,000	11,800,000	3,700,000	3,700,000	3,700,000	3,700,000	3,200,000	3,200,000	3,200,000	3,200,000	3,200,000	3,200,000	3,200,000	3,200,000	3,200,000	3,200,000	3,162,000	3,162,000	3,162,000
intangibles	62,600,000	70,800,000	79,000,000	87,200,000	95,200,000	103,400,000	106,200,000	114,500,000	123,300,000	134,500,000	144,500,000	154,200,000	163,600,000	173,300,000	24,400,000	28,000,000	31,400,000
deferred tax assets	296,100,000	295,600,000	375,600,000	496,300,000	487,300,000	481,200,000	486,500,000	475,800,000	460,700,000	419,400,000	501,300,000	417,000,000	349,100,000	341,200,000	342,300,000	309,500,000	290,800,000	220,800,000	216,300,000	216,400,000	216,700,000	216,400,000
other assets	285,900,000	278,700,000	276,500,000	175,500,000	168,500,000	173,000,000	88,200,000	82,900,000	77,700,000	75,000,000	74,400,000	66,900,000	56,600,000	47,100,000	33,700,000	24,800,000	22,800,000			23,300,000	20,400,000	21,400,000	21,000,000	14,200,000	13,700,000	14,200,000	16,000,000	14,000,000	15,500,000	14,700,000	12,200,000	2,800,000	2,800,000	1,700,000	1,900,000	1,900,000	1,900,000	1,900,000	1,500,000	1,200,000	400,000	100,000	300,000	500,000	600,000	600,000	700,000	700,000	800,000	900,000	800,000	900,000	1,000,000	1,100,000	98,000	98,000	123,000	107,000	98,000	98,000	100,000	101,000	102,000	183,000	236,000	1,192,000	1,210,000	1,275,000	1,335,000	1,933,000	2,010,000	2,147,000	2,284,000	2,405,000	3,348,000
total assets	6,633,300,000	6,339,900,000	7,500,000,000	7,327,000,000	6,751,700,000	6,484,500,000	6,353,800,000	6,799,200,000	6,482,200,000	6,264,500,000	6,596,200,000	6,820,700,000	5,515,900,000	5,391,700,000	4,899,200,000	5,217,400,000	5,057,000,000	4,863,600,000	4,775,900,000	4,503,800,000	4,389,800,000	4,290,500,000	3,833,200,000	3,521,800,000	2,447,900,000	2,395,000,000	2,185,700,000	2,065,900,000	1,974,000,000	1,916,000,000	1,114,300,000	1,007,500,000	896,800,000	904,100,000	842,900,000	795,600,000	467,200,000	402,800,000	361,900,000	332,800,000	299,400,000	292,000,000	256,700,000	218,400,000	189,300,000	184,600,000	159,400,000	139,700,000	124,900,000	122,500,000	110,100,000	102,300,000	98,800,000	106,000,000	102,796,000	110,522,000	117,962,000	120,475,000	128,793,000	136,369,000	66,555,000	77,164,000	54,105,000	60,565,000	68,314,000	46,948,000	53,956,000	65,101,000	77,946,000	44,366,000	43,075,000	57,053,000	68,962,000	77,259,000	85,489,000	64,552,608	56,726,258
liabilities and stockholders’ equity
current liabilities:
accounts payable and accrued liabilities	2,073,900,000	1,944,000,000	1,932,400,000	1,943,800,000	1,690,600,000	1,585,100,000	1,592,500,000	1,569,800,000	1,446,600,000	1,345,500,000	1,373,100,000	1,156,500,000	965,200,000	901,800,000	764,200,000	688,300,000	603,100,000	573,000,000	598,000,000	482,000,000	502,600,000	481,100,000	397,000,000	315,900,000	267,500,000	256,400,000	232,400,000	196,700,000	169,100,000	147,100,000	135,400,000	117,900,000	88,000,000	87,200,000	80,600,000	72,200,000	65,400,000	68,100,000	58,600,000	49,900,000	45,100,000	38,900,000	34,300,000	24,000,000	21,200,000	20,400,000	20,900,000	20,000,000	15,900,000	14,100,000	12,600,000	9,100,000	7,500,000	8,700,000	10,520,000	7,532,000	7,980,000	6,346,000	6,045,000	4,965,000	4,234,000	5,350,000	7,075,000	5,684,000	5,112,000	5,745,000	4,373,000	4,118,000	3,774,000	4,599,000	2,663,000	3,736,000	3,245,000	4,535,000	2,088,000	2,763,300	6,008,194
accrued payroll and related expenses	121,800,000	169,200,000	170,200,000	129,300,000	110,800,000	112,000,000	105,800,000	116,100,000	110,500,000	171,000,000	151,300,000	108,600,000	94,800,000	134,300,000	112,700,000	94,800,000	84,700,000	125,200,000	115,300,000	98,100,000	81,400,000	114,300,000	92,100,000	67,400,000	59,000,000	88,500,000	70,900,000	73,900,000	51,300,000	72,400,000	55,000,000	46,100,000	34,200,000	48,500,000	35,300,000	31,400,000	30,100,000	33,400,000	27,000,000	23,300,000	16,700,000	24,900,000	20,400,000	17,000,000	12,100,000	17,200,000	16,800,000	13,000,000	11,000,000	15,100,000	12,400,000	10,100,000	7,200,000	9,200,000	8,662,000	7,930,000	6,251,000	6,804,000	6,961,000	6,403,000	4,703,000	5,730,000	5,623,000	4,883,000	4,048,000	4,406,000	3,560,000	3,158,000	2,187,000	2,115,000	2,722,000	2,431,000	2,410,000	2,537,000	2,644,000	1,557,578	889,362
short-term operating lease liabilities	20,500,000	21,600,000	23,600,000	23,400,000	22,600,000	22,500,000	22,300,000	21,600,000	20,700,000	21,100,000	21,000,000	21,800,000	22,200,000	20,500,000	20,900,000	21,200,000	20,900,000	20,500,000	19,300,000	18,800,000	18,200,000	16,500,000	15,800,000
other current liabilities	7,600,000	7,700,000
total current liabilities	2,223,800,000	2,142,500,000	3,336,000,000	3,308,700,000	3,037,100,000	2,932,000,000	1,734,500,000	1,722,200,000	1,594,200,000	1,556,000,000	1,678,600,000	2,069,700,000	1,865,000,000	1,839,300,000	900,500,000	807,000,000	711,400,000	720,800,000	734,900,000	600,700,000	604,100,000	614,100,000	506,400,000	400,100,000	342,800,000	360,200,000	322,400,000	288,200,000	235,400,000	222,400,000	193,900,000	170,800,000	125,100,000	138,900,000	118,200,000	105,100,000	171,700,000	102,400,000	86,100,000	73,900,000	64,100,000	66,900,000	58,800,000	44,200,000	37,000,000	40,600,000	40,600,000	35,600,000	29,700,000	32,100,000	27,400,000	21,100,000	16,200,000	19,500,000	20,404,000	16,961,000	16,076,000	14,741,000	14,743,000	13,776,000	11,595,000	15,129,000	17,008,000	15,514,000	15,828,000	18,796,000	17,535,000	16,624,000	14,997,000	14,996,000	7,827,000	8,609,000	8,097,000	8,447,000	6,107,000	5,228,678	7,074,096
long-term senior convertible notes	1,241,800,000	1,240,900,000	1,239,900,000	1,238,900,000	1,238,000,000	1,237,000,000	2,439,600,000	2,437,800,000	2,436,000,000	2,434,200,000	2,432,400,000	2,430,600,000	1,198,500,000	1,197,700,000	1,968,800,000	1,967,300,000	1,965,900,000	1,702,700,000	1,703,500,000	1,710,700,000	1,688,800,000	1,667,200,000	1,645,800,000	1,658,800,000	1,072,400,000	1,059,700,000	1,047,100,000	1,034,700,000	1,022,400,000	1,010,300,000
long-term operating lease liabilities	69,000,000	73,400,000	50,600,000	54,700,000	59,700,000	65,000,000	71,100,000	76,800,000	75,800,000	80,100,000	83,400,000	86,900,000	89,700,000	94,600,000	82,100,000	87,700,000	93,300,000	98,600,000	102,900,000	107,100,000	111,300,000	101,800,000	103,200,000
other long-term liabilities	141,800,000	137,100,000	147,400,000	151,600,000	150,300,000	147,900,000	129,600,000	128,100,000	129,400,000	125,600,000	133,900,000	133,100,000	129,700,000	128,300,000	123,300,000	99,500,000	97,100,000	90,000,000	98,500,000	87,700,000	82,400,000	80,900,000	78,500,000	35,300,000	20,900,000	20,100,000	17,600,000	17,500,000	18,100,000																																														683,000
total liabilities	3,676,400,000	3,593,900,000	4,773,900,000	4,753,900,000	4,485,100,000	4,381,900,000	4,374,800,000	4,364,900,000	4,235,400,000	4,195,900,000	4,328,300,000	4,720,300,000	3,282,900,000	3,259,900,000	3,074,700,000	2,961,500,000	2,867,700,000	2,612,100,000	2,639,800,000	2,506,200,000	2,486,600,000	2,464,000,000	2,333,900,000	2,167,900,000	1,513,400,000	1,512,400,000	1,421,400,000	1,377,600,000	1,305,400,000	1,252,700,000	552,100,000	525,400,000	475,100,000	484,700,000	458,900,000	441,900,000	189,400,000	119,000,000	100,100,000	86,400,000	68,200,000	70,800,000	63,400,000	47,700,000	40,700,000	44,400,000	44,400,000	40,100,000	34,900,000	38,400,000	35,400,000	30,000,000	25,200,000	29,000,000	22,543,000	19,214,000	18,411,000	15,985,000	15,728,000	14,794,000	13,193,000	16,171,000	18,861,000	19,547,000	21,587,000	65,393,000	63,057,000	63,124,000	62,792,000	82,979,000	70,368,000	71,761,000	71,854,000
commitments and contingencies
stockholders’ equity:
preferred stock, 0.001 par value...
common stock, 0.001 par value...	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000		70,000	69,000	69,000		68,000	68,000	63,000		60,000	58,000	58,000		46,000	46,000	46,000		30,000	30,000	30,000	29,000	28,000	28,164	25,417
additional paid-in capital	2,337,500,000	2,281,500,000	2,246,500,000	2,187,500,000	2,142,200,000	2,093,800,000	2,050,500,000	1,992,300,000	2,510,600,000	3,514,600,000	3,618,000,000	2,269,000,000	2,305,600,000	2,258,100,000	2,072,100,000	2,028,900,000	1,996,600,000	2,504,500,000	2,322,100,000	2,193,600,000	2,162,000,000	2,125,300,000	2,153,700,000	2,079,800,000	1,706,500,000	1,675,900,000	1,651,600,000	1,620,400,000	1,590,600,000	1,560,600,000	1,181,600,000	1,149,100,000	1,122,500,000	1,093,700,000	1,048,500,000	1,015,600,000	942,300,000	905,700,000	876,000,000	841,800,000	806,000,000	776,800,000	750,400,000	685,300,000	659,500,000	638,000,000	614,100,000	593,600,000	577,900,000	559,500,000	547,500,000	539,100,000	530,300,000	522,600,000	517,418,000	511,206,000	504,773,000	495,626,000	491,964,000	487,203,000	411,610,000	407,375,000	371,789,000	364,133,000	358,190,000	272,730,000	270,496,000	268,024,000	265,921,000	192,743,000	190,744,000	188,605,000	186,249,000	183,325,000	181,285,000	187,162,062	134,257,379
accumulated other comprehensive income	106,200,000	115,000,000	81,500,000	83,600,000	2,200,000		63,400,000							-11,600,000	-41,100,000	-23,000,000	-6,100,000	500,000	1,400,000	2,800,000	2,900,000	3,200,000	2,800,000	3,500,000	3,700,000	2,300,000	1,000,000	2,000,000	1,600,000	1,500,000																																				-13,000	36,000	63,000	13,000	50,000	-81,000	-45,000	53,000	13,000	34,000	11,923
retained earnings	2,633,400,000	2,433,900,000	2,166,600,000	1,882,800,000	1,703,000,000	1,597,600,000	1,445,900,000	1,311,300,000	1,167,800,000	1,021,400,000	765,100,000	644,400,000	528,500,000	479,900,000	388,100,000	286,900,000	236,000,000
treasury stock	-2,120,600,000	-2,084,800,000	-1,768,900,000	-1,581,200,000	-1,581,200,000	-1,581,200,000	-1,581,200,000	-831,700,000	-1,394,700,000	-2,451,100,000	-2,080,000,000	-784,100,000	-595,000,000	-595,000,000	-595,000,000	-37,300,000	-37,300,000	-206,200,000	-159,500,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000	-100,000,000
total stockholders’ equity	2,956,900,000	2,746,000,000	2,726,100,000	2,573,100,000	2,266,600,000	2,102,600,000	1,979,000,000	2,434,300,000	2,246,800,000	2,068,600,000	2,267,900,000	2,100,400,000	2,233,000,000	2,131,800,000	1,824,500,000	2,255,900,000	2,189,300,000	2,251,500,000	2,136,100,000	1,997,600,000	1,903,200,000	1,826,500,000	1,499,300,000	1,353,900,000	934,500,000	882,600,000	764,300,000	688,300,000	668,600,000	663,300,000	562,200,000	482,100,000	421,700,000	419,400,000	384,000,000	353,700,000	277,800,000	283,800,000	261,800,000	246,400,000	231,200,000	221,200,000	193,300,000	170,700,000	148,600,000	140,200,000	115,000,000	99,600,000	90,000,000	84,100,000	74,700,000	72,300,000	73,600,000	77,000,000	80,253,000	91,308,000	99,551,000	104,490,000	113,065,000	121,575,000	53,362,000	60,993,000	35,244,000	41,018,000	46,727,000			1,977,000	15,154,000					7,115,000	17,324,000	56,828,267	49,412,063
total liabilities and stockholders’ equity	6,633,300,000	6,339,900,000	7,500,000,000	7,327,000,000	6,751,700,000	6,484,500,000	6,353,800,000	6,799,200,000	6,482,200,000	6,264,500,000	6,596,200,000	6,820,700,000	5,515,900,000	5,391,700,000	4,899,200,000	5,217,400,000	5,057,000,000	4,863,600,000	4,775,900,000	4,503,800,000	4,389,800,000	4,290,500,000	3,833,200,000	3,521,800,000	2,447,900,000	2,395,000,000	2,185,700,000	2,065,900,000	1,974,000,000	1,916,000,000	1,114,300,000	1,007,500,000	896,800,000	904,100,000	842,900,000	795,600,000	467,200,000	402,800,000	361,900,000	332,800,000	299,400,000	292,000,000	256,700,000	218,400,000	189,300,000	184,600,000	159,400,000	139,700,000	124,900,000	122,500,000	110,100,000	102,300,000	98,800,000	106,000,000	102,796,000	110,522,000	117,962,000	120,475,000	128,793,000	136,369,000	66,555,000	77,164,000	54,105,000	60,565,000	68,314,000			65,101,000	77,946,000			57,053,000	68,962,000	77,259,000	85,489,000	64,552,608
current portion of long-term senior convertible notes			1,206,900,000	1,206,100,000	1,205,300,000	1,204,400,000					124,200,000	773,800,000	773,200,000	772,600,000
deferred revenue			2,900,000	6,100,000	7,800,000	8,000,000	13,900,000	14,700,000	16,400,000	18,400,000	9,000,000	9,000,000	9,600,000	10,100,000	2,700,000	2,700,000	2,700,000	2,100,000	2,300,000	1,800,000	1,900,000	2,200,000	1,500,000	1,700,000	1,800,000	1,700,000	4,300,000	3,500,000	2,700,000	2,900,000	3,500,000	6,800,000	2,900,000	3,200,000
accumulated other comprehensive loss						-8,000,000		-38,000,000	-37,300,000	-16,700,000	-35,600,000	-29,300,000	-6,500,000																		-300,000	-1,300,000	-4,900,000	-2,600,000	-2,200,000	-1,600,000	-1,300,000	-1,000,000	-700,000	-700,000	-300,000	-300,000	-300,000	-300,000	-300,000	-100,000	-100,000	-200,000	-100,000	-100,000	-100,000	-100,000	-100,000	-100,000	-93,000	-88,000	-103,000	-80,000	-94,000	-101,000	-83,000	-66,000	-39,000	-5,000	-40,000
* we adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. all periods presented have also been adjusted to reflect the four-for-one stock split. refer to note 1, “organization and significant accounting policies,” to the consolidated financial statements for further information.
* we adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. all periods presented have also been adjusted to reflect the four-for-one stock split. refer to note 1, “organization and significant accounting policies,” for further information.
* we adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. refer to note 1 “organization and significant accounting policies” for further information.
intangibles and other assets																		42,000,000	46,000,000
accumulated deficit																		-47,400,000	-28,000,000	-98,900,000	-161,800,000	-202,100,000	-557,300,000	-629,500,000	-675,800,000	-695,700,000	-788,400,000	-834,200,000	-823,700,000	-798,900,000	-619,200,000	-665,800,000	-696,000,000	-671,800,000	-662,400,000	-660,400,000	-663,300,000	-621,000,000	-613,600,000	-594,800,000	-574,600,000	-555,400,000	-556,900,000	-514,400,000	-510,700,000	-497,800,000	-499,100,000	-493,900,000	-487,900,000	-475,400,000	-472,800,000	-466,800,000	-456,700,000	-445,600,000	-437,142,000	-419,879,000	-405,188,000	-391,124,000	-378,873,000	-365,595,000	-358,228,000	-346,378,000	-336,566,000	-323,168,000	-311,481,000	-291,208,000	-279,679,000	-266,156,000	-250,826,000	-231,436,000	-217,986,000	-203,298,000	-189,224,000	-176,252,000
operating lease liabilities, current portion																								15,100,000	14,500,000	13,600,000	14,800,000	14,100,000	12,300,000
operating lease liabilities, net of current portion																								73,700,000	77,300,000	72,400,000	34,300,000	37,200,000	29,500,000
other liabilities																														20,000,000	19,400,000	19,600,000	18,700,000	18,200,000	16,700,000	16,300,000	17,700,000	16,600,000	14,000,000	12,500,000	4,100,000	3,900,000	4,200,000	2,400,000	2,000,000	1,500,000	900,000	1,000,000	1,100,000	1,700,000	2,800,000	3,100,000	2,700,000	2,100,000	1,570,000	1,551,000	1,501,000	963,000	985,000	1,018,000	1,027,000	1,042,000	972,000	750,000	791,000	840,000	839,000	880,000	916,000	889,000	679,000	679,000	673,000	666,000
long term senior convertible notes																															338,800,000	335,000,000	331,300,000	327,600,000	324,000,000	320,500,000
short-term marketable securities, available-for-sale																																		107,100,000	123,700,000	100,700,000	27,600,000	29,200,000	29,600,000	28,100,000	28,600,000	29,100,000	28,000,000	29,800,000	29,600,000	11,800,000	11,700,000	11,800,000	11,700,000	11,400,000	14,200,000	18,200,000	26,400,000	40,600,000	48,641,000	55,203,000	65,065,000	79,358,000	79,794,000	71,139,000	33,526,000	42,224,000	24,380,000	33,991,000	39,221,000	24,439,000	31,356,000	44,666,000	52,176,000	14,368,000	20,741,000	32,896,000	26,632,000	41,208,000	59,103,000	36,341,449	13,277,688
current portion of deferred revenue																																			2,300,000	1,500,000	1,200,000	900,000	500,000	700,000	600,000	800,000	1,600,000	800,000	1,300,000	700,000	600,000	300,000	600,000	700,000	600,000	700,000	800,000	1,400,000	1,222,000	1,499,000	1,845,000	1,591,000	1,737,000	2,333,000	2,358,000	3,524,000	3,560,000	4,047,000	5,768,000	7,745,000	8,702,000	8,104,000	7,448,000	6,351,000	167,000	167,000	167,000
short-term borrowings																																					75,000,000
intangible assets																																						200,000	1,600,000	1,800,000	2,000,000	2,200,000	2,400,000	2,500,000	2,600,000	2,700,000	3,100,000	3,300,000	3,400,000	3,600,000	3,700,000	3,900,000	4,000,000	4,200,000	4,313,000	4,462,000	4,610,000
current portion of long-term debt																																									1,700,000	2,300,000	2,500,000	2,400,000	2,400,000	2,300,000	2,300,000	2,300,000	2,200,000	2,200,000	1,800,000	1,200,000	700,000	200,000						75,000	300,000	525,000	750,000	900,000	900,000	900,000	900,000	1,244,000	1,588,000	1,931,000	2,275,000	2,275,000	2,275,000	1,375,000	1,375,000	907,800
restricted cash																																												700,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,039,000	1,039,000	1,039,000	939,000	939,000	989,000	1,214,000	1,439,000	1,664,000	2,164,000	2,189,000	2,414,000	2,639,000	3,208,000	3,702,000	4,270,000	4,839,000	5,408,000	5,977,000	914,000		1,079,000	250,000
long-term debt																																											400,000	1,100,000	1,700,000	2,300,000	2,900,000	3,500,000	4,100,000	4,600,000	5,200,000	5,800,000	6,300,000	6,800,000										3,283,000	4,968,000	45,757,000	44,683,000	43,667,000	42,706,000	61,425,000	61,650,000	62,219,000	62,788,000	61,031,000	61,375,000	2,118,200
long-term portion of deferred revenue																																																						600,000	569,000	702,000	834,000	281,000			571,000		881,000					1,953,000	4,173,000	5,669,000	212,000	254,000	296,000
preferred stock, 0.001 par value per share...
common stock, 0.001 par value per share...																																																						100,000				68,000				62,000				46,000				30,000
stockholders’ equity
stockholders’ deficit:
total stockholders’ deficit																																																																		-18,445,000	-9,101,000
total liabilities and stockholders’ deficit																																																																		46,948,000	53,956,000
stockholders’ (deficit) equity:
total stockholders’ (deficit) equity																																																																						-38,613,000	-27,293,000	-14,708,000	-2,892,000
total liabilities and stockholders’ (deficit) equity																																																																						44,366,000	43,075,000
deferred rent																																																																												377,463	240,099
deferred stock-based compensation
deferred offering costs and other assets
liabilities, redeemable convertible preferred stock and stockholders’ equity
accrued clinical trials																																																																													176,540
redeemable convertible series b preferred stock, 0.001 par value...
redeemable convertible series c preferred stock, 0.001 par value...
redeemable convertible series d preferred stock, 0.001 par value...
convertible series a preferred stock, 0.001 par value...
deficit accumulated during the development stage
total liabilities, redeemable convertible preferred stock and stockholders’ equity																																																																													56,726,258

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31

operating activities
net income	199,500,000	267,300,000	283,800,000	179,800,000	105,400,000	151,700,000	134,600,000	143,500,000	146,400,000	256,300,000	120,700,000	115,900,000	48,600,000	91,800,000	101,200,000	50,900,000	97,300,000	-19,400,000	70,900,000	62,900,000	40,300,000	355,200,000	72,200,000	46,300,000	19,900,000	92,700,000	45,800,000	-10,500,000	-26,900,000	-179,700,000	46,600,000	30,200,000	-24,200,000	-2,000,000	2,900,000	-41,700,000	-7,400,000	-18,800,000	-20,200,000	-19,200,000	1,500,000	-42,500,000	-3,700,000	-12,900,000	-5,200,000	-6,000,000	-12,500,000	-2,600,000	-6,000,000	-10,100,000	-11,100,000	-8,482,000	-17,263,000	-14,691,000	-14,064,000	-12,251,000	-13,278,000	-7,367,000	-11,850,000	-9,812,000	-13,398,000	-11,687,000	-20,273,000	-11,529,000	-13,523,000	-15,330,000	-13,142,000	-13,450,000	-14,688,000	-14,074,000	-12,972,000	-12,229,000
adjustments to reconcile net income to cash from operating activities:
depreciation and amortization	67,100,000	65,200,000	63,600,000	63,000,000	60,000,000	57,800,000	55,300,000	52,100,000	52,500,000	52,500,000	48,200,000	43,700,000	41,600,000	36,300,000	39,200,000	43,600,000	36,800,000	32,100,000	25,500,000	23,500,000	20,900,000	20,400,000	18,400,000	15,300,000	13,000,000	14,300,000	12,900,000	11,600,000	9,900,000	8,600,000	7,800,000	6,700,000	6,000,000	4,300,000	3,900,000	3,700,000	3,600,000	4,100,000	3,900,000	3,400,000	3,100,000	2,700,000	2,600,000	2,400,000	2,200,000	1,900,000	1,900,000	1,900,000	1,700,000	1,600,000	1,800,000	1,751,000	2,199,000	1,468,000	1,182,000	1,063,000	998,000	892,000	806,000	721,000	628,000	588,000	500,000	470,000	589,000	662,000	652,000	768,000	710,000	703,000	855,000	1,004,000
share-based compensation	43,300,000	35,000,000	45,100,000	45,300,000	34,200,000	43,300,000	43,400,000	44,700,000	39,000,000	36,900,000	39,000,000	39,700,000	35,200,000	34,000,000	30,800,000	32,600,000	29,100,000	26,300,000	27,500,000	31,600,000	28,000,000	34,100,000	30,700,000	30,700,000	23,900,000	23,600,000	24,400,000	29,700,000	25,000,000	24,600,000	27,100,000	25,600,000	24,600,000	25,400,000	25,300,000	30,600,000	29,100,000	29,000,000	27,600,000	25,100,000	23,500,000	22,600,000	20,700,000	15,900,000	13,800,000	13,200,000	8,700,000	6,600,000	6,600,000	6,400,000	5,000,000	4,542,000	4,879,000	4,833,000	4,146,000	3,580,000	3,728,000	3,657,000	2,548,000	2,078,000	2,317,000	2,771,000	2,275,000	2,154,000	2,130,000	2,041,000	2,041,000		1,787,000	1,972,000	1,948,000
non-cash interest expense	1,000,000	1,700,000	1,900,000	1,800,000	1,900,000	1,900,000	1,900,000	1,800,000	1,900,000	2,000,000	2,200,000	2,100,000	1,500,000	1,600,000	1,500,000	1,600,000	1,600,000	22,000,000	22,000,000	22,500,000	22,200,000	22,000,000	21,700,000	17,600,000	12,700,000	12,600,000	12,500,000	12,300,000	12,200,000	6,600,000	3,800,000	3,800,000	3,700,000	3,600,000
deferred income taxes	300,000	78,900,000	118,000,000	-8,900,000	-5,800,000	24,300,000	-11,600,000	-14,700,000	-41,800,000	81,500,000	-85,000,000	-42,200,000	-9,300,000	32,000,000	-33,800,000	-19,900,000	100,000	-5,100,000	100,000	400,000	-300,000
net losses on equity investments		0
other non-cash income and expenses		-3,100,000	-6,000,000	-400,000	-12,300,000	16,000,000	-39,900,000	-15,600,000	-7,800,000	-36,600,000	-17,900,000	-15,700,000	-13,700,000	2,800,000	15,900,000	12,200,000	3,800,000	13,100,000	14,500,000	8,000,000	8,000,000	9,600,000	600,000	3,400,000	100,000	1,500,000	2,500,000	-2,200,000	300,000	-300,000	300,000	5,600,000	-900,000
changes in operating assets and liabilities:
accounts receivable	124,600,000	-106,200,000	237,800,000	-184,600,000	-148,900,000	-7,400,000	-55,600,000	33,800,000	-5,800,000	-187,200,000	-35,800,000	-113,700,000	76,600,000	-148,300,000	-4,500,000	-17,000,000	-30,100,000	15,100,000	-35,700,000	-40,000,000	-14,900,000	-58,500,000	-73,400,000	4,300,000	-14,700,000	-50,800,000	-18,400,000	-12,300,000	21,500,000	-57,000,000	-8,100,000	-38,800,000	10,700,000	-8,700,000	-15,300,000	15,800,000	-25,000,000	-3,000,000	-6,000,000	6,800,000	-18,300,000	-10,300,000	-5,300,000	2,200,000	-2,800,000	-4,700,000	2,200,000	-4,500,000	-3,800,000	-1,400,000	3,200,000	-7,190,000	543,000	-357,000	4,000	-3,544,000	-309,000	-1,536,000	-487,000	-1,569,000	-441,000	-860,000	-311,000	-1,003,000	-420,000	-722,000	-227,000	-689,000	139,000	-247,000	-106,000
inventory	-65,200,000	-17,800,000	-33,600,000	-18,500,000	6,200,000	32,700,000	-1,900,000	18,300,000	-36,700,000	-59,000,000	-78,600,000	-55,400,000	-59,600,000	5,700,000	26,900,000	1,100,000	15,600,000	-6,000,000	-21,700,000	-29,500,000	-55,000,000	-33,600,000	-35,400,000	-23,300,000	-22,200,000	600,000	-2,500,000	-16,800,000	-30,400,000	-15,500,000	-9,000,000	5,400,000	-6,400,000	-600,000	3,800,000	-1,000,000	-900,000	-1,700,000	3,700,000	-10,900,000	-4,600,000	-8,200,000	-4,000,000	-2,400,000	-2,700,000	-2,800,000	200,000	900,000	-2,700,000	300,000	-100,000	-330,000	237,000	666,000	127,000	-1,716,000	-197,000	167,000	1,687,000	-1,759,000	-2,266,000	-236,000	-1,210,000	-709,000	-569,000	1,002,000	81,000	144,000	181,000	-947,000	-685,000	-104,000
prepaid and other assets	51,000,000	-6,900,000	-2,400,000	-22,000,000	16,500,000	8,000,000	31,600,000	-56,800,000	11,400,000	6,100,000	16,600,000	10,000,000	-13,400,000	-50,400,000	1,300,000	15,400,000	-97,900,000	-3,100,000	8,900,000	-6,900,000	-20,200,000	9,400,000	14,800,000	-19,000,000	-7,600,000	-4,600,000	800,000	2,000,000	-5,400,000	400,000	1,600,000	-2,300,000	-2,700,000	2,500,000	1,500,000	-7,700,000	200,000	-1,400,000	-1,700,000	-1,000,000			-1,200,000	200,000	1,300,000			-900,000	300,000	-700,000	-100,000	-18,000	-139,000	-412,000	-231,000	720,000	689,000	-560,000	389,000	-1,133,000	162,000	-136,000	2,395,000	-1,539,000	696,000	-563,000	402,000	-133,000	337,000	-478,000	422,000	-36,000
operating lease right-of-use assets and liabilities	-1,300,000	-2,600,000	-1,500,000	-2,100,000	-900,000	-3,500,000	600,000	-1,600,000	-2,000,000	-100,000	-2,300,000	-1,400,000	-700,000	300,000	-2,700,000	-2,500,000	-900,000	0	-1,200,000	400,000	700,000	500,000	-100,000	-800,000	-400,000
accounts payable and accrued liabilities	145,100,000	-10,100,000	-2,300,000	234,000,000	125,400,000	-20,000,000	49,800,000	72,300,000	109,600,000	-30,000,000	219,500,000	190,300,000	86,700,000	123,800,000	75,300,000	42,500,000	53,500,000	-57,300,000			30,000,000	67,900,000	69,800,000	51,500,000	5,300,000	30,800,000	24,300,000	28,400,000	25,500,000	6,000,000	17,300,000	30,700,000	2,200,000	10,700,000	-300,000	2,100,000	2,500,000	9,300,000	5,600,000	3,700,000	5,000,000	9,100,000	2,100,000	1,600,000	1,700,000	4,500,000	-100,000	-500,000	2,100,000	1,300,000	-500,000	-2,066,000	2,817,000	180,000	-631,000	301,000	1,080,000	731,000	-1,116,000	-1,728,000	1,387,000	572,000	-663,000	1,372,000	255,000	344,000	-463,000	1,581,000	-1,060,000	491,000	-1,303,000
accrued payroll and related expenses	-47,100,000	-1,200,000	41,300,000	15,900,000	-600,000	4,300,000	-9,100,000	5,500,000	-60,700,000	20,600,000	42,100,000	13,800,000	-39,300,000	22,500,000	17,100,000	9,400,000	-40,500,000	9,900,000	16,700,000	16,800,000	-33,000,000	21,800,000	25,100,000	8,300,000	-29,100,000	17,200,000	-2,800,000	22,700,000	-21,100,000	17,600,000	8,200,000	12,400,000	-14,400,000	3,700,000	1,200,000	-3,300,000	6,500,000	3,700,000	6,500,000	-8,200,000	4,600,000	3,300,000	4,900,000	-5,100,000	3,700,000	2,000,000	-4,000,000	2,700,000	2,300,000	2,800,000	-2,000,000	542,000	732,000	1,679,000	-553,000	-157,000	558,000	1,700,000	-1,027,000	107,000	740,000	835,000	-358,000	846,000	402,000	971,000	72,000	-607,000	291,000	21,000	-127,000	-107,000
deferred revenue and other liabilities	7,300,000	-6,200,000	-7,700,000	-300,000	2,700,000	-7,700,000	400,000	-3,900,000	3,200,000	-8,500,000	1,500,000	3,200,000	1,200,000	-19,600,000	25,000,000	2,900,000	2,800,000	2,000,000	3,700,000	1,900,000	1,100,000	1,900,000	1,300,000	14,400,000	1,000,000		-5,000,000
net cash from operating activities	525,600,000	294,000,000	659,900,000	303,000,000	183,800,000	301,400,000	199,500,000	279,400,000	209,200,000	133,600,000	269,200,000	190,300,000	155,400,000	132,500,000	293,200,000	172,800,000	71,000,000	105,800,000	247,300,000	61,600,000	27,800,000	172,000,000	147,600,000	154,100,000	1,900,000	143,700,000	94,500,000	64,500,000	11,800,000	33,700,000	56,800,000	41,400,000	-8,700,000	36,200,000	14,300,000	300,000	13,300,000	23,000,000	20,100,000	-200,000	11,300,000	17,900,000	16,400,000	3,400,000	11,400,000	6,200,000	-2,400,000	4,400,000	1,600,000	900,000	-4,500,000	-10,557,000	-6,050,000	-6,329,000	-10,164,000	-11,570,000	-6,741,000	-2,526,000	-9,289,000	-13,464,000	-9,470,000	-9,305,000	-10,437,000	-9,173,000	-9,808,000	-11,036,000	-9,372,000	2,526,000	-11,617,000	-11,901,000	-16,459,000
capital expenditures	-26,200,000	-101,900,000	-85,800,000	-100,000,000	-29,400,000	-124,600,000	-124,300,000	-16,100,000	-16,200,000	-52,500,000	-56,800,000	-61,400,000	-18,900,000	-63,500,000	-108,200,000	-91,500,000	-75,000,000	-80,200,000	-121,100,000	-93,000,000	-64,700,000	-60,200,000	-36,600,000	-60,800,000	-13,600,000	0	15,200,000	-49,900,000	-29,200,000	-17,700,000	-27,100,000	-8,300,000	-11,000,000	-11,900,000	-12,700,000	-17,300,000	-17,600,000	-16,100,000	-10,500,000	-11,500,000	-11,600,000	-7,400,000	-6,300,000	-8,000,000	-3,700,000	-4,000,000	-3,900,000	-2,300,000	-2,200,000	-2,000,000	-1,400,000	-1,404,000	-2,894,000	-2,882,000	-2,320,000	-3,549,000	-1,506,000	-1,160,000	-1,791,000	-2,326,000	-2,093,000	-1,483,000	-958,000	-463,000	-825,000	-754,000	-950,000	-431,000	-609,000	-392,000	-1,060,000
free cash flows	499,400,000	192,100,000	574,100,000	203,000,000	154,400,000	176,800,000	75,200,000	263,300,000	193,000,000	81,100,000	212,400,000	128,900,000	136,500,000	69,000,000	185,000,000	81,300,000	-4,000,000	25,600,000	126,200,000	-31,400,000	-36,900,000	111,800,000	111,000,000	93,300,000	-11,700,000	143,700,000	109,700,000	14,600,000	-17,400,000	16,000,000	29,700,000	33,100,000	-19,700,000	24,300,000	1,600,000	-17,000,000	-4,300,000	6,900,000	9,600,000	-11,700,000	-300,000	10,500,000	10,100,000	-4,600,000	7,700,000	2,200,000	-6,300,000	2,100,000	-600,000	-1,100,000	-5,900,000	-11,961,000	-8,944,000	-9,211,000	-12,484,000	-15,119,000	-8,247,000	-3,686,000	-11,080,000	-15,790,000	-11,563,000	-10,788,000	-11,395,000	-9,636,000	-10,633,000	-11,790,000	-10,322,000	2,095,000	-12,226,000	-12,293,000	-17,519,000
investing activities
purchases of marketable securities	-688,600,000	0	-175,900,000	-608,200,000	-462,500,000		-306,900,000	-784,200,000	-992,400,000		-798,000,000	-1,340,300,000	-809,600,000		-254,000,000	-597,200,000	-546,500,000		-368,300,000	-369,900,000	-802,000,000		-403,100,000	-1,374,200,000	-365,800,000
proceeds from sale and maturity of marketable securities	468,200,000	409,600,000	466,200,000	638,700,000	650,200,000	405,200,000	630,600,000	666,800,000	1,121,800,000	719,000,000	671,400,000	859,400,000	697,600,000	740,000,000	602,200,000	543,800,000	241,800,000	501,000,000	537,000,000	838,300,000	790,000,000	952,000,000	449,000,000	319,500,000	530,000,000	423,400,000	259,200,000	291,300,000	222,500,000	161,100,000
purchases of property and equipment	-76,600,000	-101,900,000	-80,500,000	-94,100,000	-87,000,000	-124,600,000	-111,200,000	-66,100,000	-56,900,000	-52,500,000	-50,400,000	-59,000,000	-74,700,000	-63,500,000	-108,200,000	-91,500,000	-101,600,000	-80,200,000	-108,100,000	-101,200,000	-99,700,000	-60,200,000	-47,400,000	-58,200,000	-33,200,000
purchases of non-marketable equity securities	-1,500,000	-1,200,000
other investing activities		100,000	1,000,000	0	-500,000	-10,200,000	-2,200,000	-5,400,000	2,300,000	900,000	-2,500,000			-2,000,000	-10,000,000	0	-2,300,000	14,600,000	0	-4,000,000	-500,000	-700,000	-7,800,000	-2,400,000	-400,000
net cash from investing activities	-298,500,000	306,600,000	192,800,000	-63,600,000	100,200,000	-303,700,000	210,300,000	-188,900,000	74,800,000	414,900,000	-179,500,000	-555,900,000	-186,700,000	-194,100,000	229,300,000	-144,900,000	-411,800,000	-496,100,000	29,000,000	363,200,000	-112,200,000	-24,000,000	-9,300,000	-1,115,300,000	130,600,000	-94,300,000	-412,800,000	-639,400,000	131,300,000	30,900,000	4,600,000	-159,900,000	-15,400,000	-36,600,000	-85,300,000	-21,400,000	-17,300,000	-17,800,000	-9,600,000	-11,200,000	-12,700,000	-5,700,000	-7,200,000	-25,900,000	-3,800,000	-4,000,000	-4,300,000	500,000	1,700,000	6,100,000	12,600,000	6,553,000	3,494,000	6,722,000	11,631,000	-3,446,000	-10,602,000	-39,099,000	6,776,000	-20,429,000	7,327,000	3,513,000	-16,021,000
financing activities
net proceeds from issuance of common stock	12,700,000	0	13,900,000	0	14,200,000	0	14,800,000	0	13,400,000	0	14,300,000	0	12,300,000	0	12,400,000	0	10,100,000	0	11,600,000	0	8,700,000	0	8,600,000	0	6,700,000	0	6,800,000	100,000	5,000,000	200,000	5,400,000	1,000,000	4,200,000	4,300,000	400,000	5,300,000	500,000	5,100,000	1,000,000	3,800,000	2,800,000	5,900,000	4,900,000	5,500,000	6,600,000	2,200,000	9,700,000	5,100,000	1,900,000	2,300,000	2,700,000	694,000	1,334,000	452,000	1,120,000	47,000	1,033,000	71,941,000	1,688,000	33,485,000	1,850,000	1,397,000	33,814,000	79,000	343,000	78,000	45,810,000	66,000	384,000	259,000	1,053,000	207,000
payments for taxes related to net share settlement of equity awards	-35,800,000
other financing activities	-1,900,000	-1,900,000	-1,700,000	-1,700,000	-1,700,000	-1,600,000	-1,300,000	-1,400,000	-8,700,000	4,900,000	-1,200,000	-1,100,000	-1,100,000	-1,000,000	-7,200,000	-4,300,000	-4,800,000	-800,000	-800,000	-400,000	-7,900,000	-4,900,000	-4,100,000	-200,000	-200,000	-800,000	-100,000	-200,000	-100,000
net cash from financing activities	-25,000,000	-1,522,200,000	-175,000,000	-1,700,000	12,500,000	-1,600,000	-736,500,000	-1,400,000	4,700,000	-631,900,000	-637,400,000	939,500,000	11,200,000	-1,000,000	-552,500,000	-4,300,000	5,300,000	-800,000	10,800,000	-400,000	800,000	-4,900,000	4,500,000	906,000,000	6,500,000	-100,000	6,000,000	-100,000	4,900,000	701,600,000	5,400,000	-800,000	4,200,000	4,300,000	314,400,000	80,300,000	500,000	5,100,000	-700,000	3,200,000	2,200,000	5,400,000	4,300,000	4,900,000	6,100,000	1,600,000	9,200,000	4,900,000	1,900,000	2,300,000	2,700,000	7,294,000	1,334,000	452,000	1,120,000	47,000	958,000	71,716,000	1,463,000	33,260,000	1,625,000	1,172,000	33,589,000	-146,000	-226,000	-491,000	45,242,000	-503,000	-185,000	-310,000	3,710,000	-204,000
effect of exchange rate changes on cash, cash equivalents and restricted cash	-2,800,000	3,800,000	-1,100,000	16,500,000	2,300,000	-11,200,000	8,600,000	-1,000,000	-3,800,000	6,100,000	-3,500,000	-2,200,000	1,100,000	6,800,000	-7,300,000	-4,300,000	-1,000,000	-500,000	-1,000,000	500,000	-400,000	1,300,000	1,000,000	300,000	-500,000	1,000,000	-1,400,000	-900,000	600,000	3,200,000	400,000	-900,000	-900,000
increase in cash, cash equivalents and restricted cash	199,300,000	-917,800,000	676,600,000	254,200,000	298,800,000	-15,100,000	-318,100,000	88,100,000	284,900,000	-77,300,000	-551,200,000			-55,800,000	-37,300,000			-391,600,000	286,100,000	424,900,000	-84,000,000	144,400,000	143,800,000	-54,900,000	138,500,000				148,600,000	769,400,000	67,200,000	-120,200,000	-20,800,000
cash, cash equivalents and restricted cash, beginning of period	919,100,000	0	0	0	607,300,000	0	0	0	567,500,000	0	0	0	643,300,000	0	0	0	1,053,600,000	0	0	0	818,200,000	0	0	0	446,400,000	0	0	0	1,137,100,000	0	0	0	441,500,000
cash, cash equivalents and restricted cash, end of period	1,118,400,000	-917,800,000	676,600,000	254,200,000	906,100,000	-15,100,000	-318,100,000	88,100,000	852,400,000	-77,300,000	-551,200,000	571,700,000	624,300,000	-55,800,000	-37,300,000	19,300,000	717,100,000	-391,600,000	286,100,000	424,900,000	734,200,000	144,400,000	143,800,000	-54,900,000	584,900,000	50,300,000	-313,700,000	-575,900,000	1,285,700,000	769,400,000	67,200,000	-120,200,000	420,700,000
reconciliation of cash, cash equivalents and restricted cash, end of period:
cash and cash equivalents	1,118,200,000	-918,000,000	676,700,000	254,100,000	904,900,000	-15,100,000	-318,000,000	88,000,000	851,200,000	-77,400,000	-551,200,000	571,700,000	623,200,000	-55,800,000	-37,300,000	19,400,000	716,000,000	-391,700,000	285,500,000	425,000,000	733,800,000	144,100,000	143,500,000	-54,600,000	584,600,000	50,600,000	-313,600,000	-575,900,000	1,285,100,000	769,600,000
restricted cash	200,000	200,000	-100,000	100,000	1,200,000	0	-100,000	100,000	1,200,000	100,000	0	0	1,100,000	0	0	-100,000	1,100,000	100,000	600,000	-100,000	400,000	300,000			300,000	-300,000	-100,000	0	600,000	-200,000	0	0	300,000								0	700,000										0	0	0	-100,000	0	325,000	225,000	225,000	225,000	225,000	25,000	225,000	225,000	569,000	494,000	568,000	569,000	569,000	569,000	-5,063,000
total cash, cash equivalents and restricted cash	1,118,400,000	-917,800,000	676,600,000	254,200,000	906,100,000	-15,100,000	-318,100,000	88,100,000	852,400,000	-77,300,000	-551,200,000	571,700,000	624,300,000	-55,800,000	-37,300,000	19,300,000	717,100,000	-391,600,000	286,100,000	424,900,000	734,200,000	144,400,000	143,800,000	-54,900,000	584,900,000	50,300,000	-313,700,000	-575,900,000	1,285,700,000	769,400,000
supplemental disclosure of non-cash investing and financing transactions:
acquisition of property and equipment included in accounts payable and accrued liabilities	50,400,000		-5,300,000	-5,900,000	57,600,000		-13,100,000	50,000,000	40,700,000		-6,400,000	-2,400,000	55,800,000				26,600,000		-13,000,000	8,200,000	35,000,000		10,800,000	-2,600,000	19,600,000		15,200,000	-3,000,000	10,100,000		-3,300,000	2,000,000	4,300,000	1,600,000	-700,000	5,600,000
right-of-use assets obtained in exchange for operating lease liabilities	400,000		2,200,000				-500,000	7,600,000	1,100,000		1,900,000	2,200,000	1,900,000				-1,300,000		1,800,000	500,000	9,900,000
right-of-use assets obtained in exchange for finance lease liabilities	2,000,000		0	300,000	1,100,000		2,000,000	2,400,000	7,400,000		300,000	500,000	1,000,000				5,200,000		1,700,000
purchases of treasury stock		-312,800,000				0				-500,000,000	0			0
proceeds from issuance of convertible notes, net of issuance costs																						0	0
purchases of capped call transactions										0	0
payments for conversions of senior convertible notes										-136,800,000
repayments for maturity of senior convertible notes
purchase of marketable securities																												-883,800,000	-50,700,000	-112,500,000
acquisitions, net of cash acquired														0	-700,000	0	-3,200,000	1,400,000												0							-100,000	0			0	0
proceeds from issuance of senior convertible notes, net of issuance costs											0
shares issued for conversions of 2023 notes																	35,900,000
shares received under note hedge upon conversion of 2023 notes
collaborative research and development fee
loss on extinguishment of debt																		700,000				0	500,000
realized loss on equity investment										-900,000							-200,000
decrease in cash, cash equivalents and restricted cash													-19,000,000				-336,500,000										-313,700,000
realized (gain) loss on equity investment														0	0
repurchase of convertible notes																						0	0
shares received under note hedge upon conversions of 2023 notes																	-33,500,000
* we adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. refer to note 1 “organization and significant accounting policies” for further information.
shares issued for repurchase and conversions of senior convertible notes
common stock issued for repurchase and conversions of senior convertible notes																							160,900,000
non-cash collaborative research and development fee through issuance of common stock
unrealized gain on equity investment																																	-7,400,000
proceeds from sale of warrants
purchase of convertible note hedge
cash flows from investing activities:
cash flows from financing activities:
right-of-use assets obtained in exchange for lease liabilities																								0	5,300,000		1,400,000	10,600,000	45,200,000
purchases of other equity investments
deferred revenue, deferred rent and other liabilities
purchase of other equity investments																												0	-1,200,000	0	0	0	-1,000,000
purchase of property and equipment																												-46,900,000	-39,300,000	-17,700,000	-23,800,000	-10,300,000	-15,300,000	-13,500,000	-12,000,000	-22,900,000	-17,600,000	-16,100,000	-10,500,000	-11,500,000	-11,600,000	-7,400,000	-6,300,000	-8,000,000	-3,700,000	-4,000,000	-3,900,000	-2,300,000	-2,200,000	-2,000,000	-1,400,000	-1,404,000	-2,894,000	-2,882,000	-2,320,000	-3,549,000	-1,506,000	-1,160,000	-1,791,000	-2,326,000	-2,093,000	-1,483,000	-958,000	-463,000	-825,000	-754,000	-950,000	-431,000	-609,000	-392,000	-1,060,000
proceeds from issuance of convertible debt, net of issuance costs																																		0
proceeds from short-term borrowings																																		0	0	75,000,000
repayment of short-term borrowings																																		0
cash flows from operating activities:
unrealized loss on equity investment
payments on acquisition related contingent consideration liability																															0
(income) income from equity investments																												0	4,200,000
deferred revenue, deferred rent, and other liabilities																													-3,000,000
unrealized income on equity investment																														4,800,000	9,300,000
realized income on equity investment																														0
deferred tax																																		-1,100,000
deferred revenue																															-3,300,000	3,900,000	-300,000	900,000	300,000	200,000	400,000	-100,000	0	-200,000	-800,000	800,000	-500,000	600,000	300,000	-300,000	-100,000	200,000	-100,000	-200,000	-1,100,000	181,000	-410,000	-478,000	807,000	135,000	-596,000	-596,000	-595,000	-917,000	394,000	-1,721,000	-1,977,000	-957,000	-1,355,000	-1,564,000	-399,000	11,641,000	-42,000	-42,000	463,000
deferred rent and other liabilities																															-700,000	900,000	400,000	400,000	300,000	1,200,000	2,700,000	1,300,000	700,000	200,000	-400,000	1,900,000	400,000	500,000	-100,000	-100,000	-100,000	-200,000	0			501,000	-88,000	-32,000	119,000	-22,000	-33,000	-9,000	-15,000	70,000	222,000	-41,000	-49,000	2,000	-42,000	-36,000	27,000	210,000	0	6,000	7,000
reconciliation of cash, cash equivalents and restricted cash:
purchase of available-for-sale marketable securities																																-192,100,000	-32,000,000	-50,500,000	-84,000,000	-7,400,000	-9,100,000	-9,200,000	-10,100,000	-10,800,000	-9,800,000	-7,900,000	-4,900,000	-22,600,000	-3,900,000	-3,400,000	-3,000,000	-3,900,000	-3,500,000	-4,000,000	-4,900,000	-10,118,000	-13,999,000	-15,665,000	-26,618,000	-24,611,000	-28,614,000	-45,439,000	-3,991,000	-29,759,000	-4,033,000	-7,390,000	-32,265,000	-11,673,000	-5,192,000	-3,044,000	-45,361,000	-4,036,000	-8,000	-15,378,000	-17,564,000
proceeds from the maturity of available-for-sale marketable securities																																42,500,000	32,900,000	27,400,000	10,700,000	8,900,000	9,500,000	7,500,000	10,600,000	11,100,000	8,700,000	9,600,000	4,500,000	4,700,000	3,800,000	3,400,000	2,600,000	6,700,000	7,400,000	12,100,000	18,900,000	18,075,000	20,387,000	25,269,000	40,569,000	24,710,000	19,518,000	7,500,000	12,558,000	11,650,000	13,453,000	12,386,000	17,202,000	18,373,000	18,200,000	10,283,000	7,000,000	10,501,000	12,099,000	8,992,000	32,210,000	31,540,000
reconciliation of cash and restricted cash:
cash																																-120,200,000	420,400,000
total cash and restricted cash																																-120,200,000	420,700,000
other non-cash expenses																																		-2,900,000	5,700,000	400,000											100,000
repayment of long-term debt																																					0	0	-1,700,000	-600,000	-600,000	-500,000	-600,000	-600,000	-500,000	-600,000	-500,000
effect of exchange rate changes on cash and cash equivalents																																		2,300,000	-1,000,000	-200,000		-100,000																	-21,000	-1,000	19,000	-7,000	-34,000	-7,000	-43,000	10,000	-8,000	-5,000	5,000	-26,000	17,000
increase in cash and cash equivalents																																		6,200,000	242,400,000	59,000,000	-3,200,000	10,200,000			800,000	17,600,000	13,500,000	-17,600,000	13,700,000	3,800,000	2,500,000	9,800,000	5,200,000	9,300,000	10,800,000	3,309,000	-1,241,000	866,000	2,566,000	-14,970,000	-16,366,000	30,084,000	-1,084,000	-640,000	-561,000	-4,610,000	7,123,000				-3,424,000	8,058,000	-321,000	-18,989,000	837,000
cash and cash equivalents, beginning of period																																		0	0	94,500,000	0	0	0	86,100,000	0	0	0	71,800,000	0	0	43,200,000	0	0	0	8,100,000		0	0	2,553,000		0	0	4,889,000		0	0	3,577,000		0	0	12,700,000		0	0	23,115,000
cash and cash equivalents, end of period																																		6,200,000	242,400,000	153,500,000		10,200,000	9,600,000	77,900,000		17,600,000	13,500,000	54,200,000													-16,366,000
issuance of common stock in connection with acquisition																																					0	0
acquisition-related holdback liability																																					0	0
assets acquired and financing obligation under build-to-suit leasing arrangement																																					0	0
non-cash research and development charge through issuance of common stock																																									0
impairment of intangible assets
cash and cash equivalents, ending of period																																														3,800,000	45,700,000	9,800,000	5,200,000	9,300,000	18,900,000		-1,241,000	866,000	5,119,000				3,805,000		-561,000	-4,610,000	10,700,000		2,154,000	-5,068,000	9,276,000		-321,000	-18,989,000	23,952,000
supplemental disclosure of cash flow information
cash paid during the year for interest
cash paid during the year for taxes
issuance of common stock in connection with contingent consideration settlement
accretion and amortization related to marketable securities																																						100,000	0	100,000	0	100,000	100,000	100,000	0			0	100,000
amortization of debt issuance costs																																									0	100,000	0	100,000	100,000	100,000	100,000	100,000	100,000											0	6,000	24,000	6,000	68,000	-19,000	145,000	52,000	134,000	138,000	135,000	139,000	139,000
loss on disposal of equipment																																										100,000	0	200,000
decrease in cash and cash equivalents																																								-8,200,000																									2,154,000
change in fair value of contingent consideration																																													-900,000	-1,000,000	1,200,000	500,000	1,000,000	700,000	300,000	-240,000	278,000
adjustments to reconcile net income to cash from in operating activities:
release of valuation allowance against deferred tax assets																																																				16,000	0	0	-1,316,000
net proceeds from issuance of long-term debt
repayment of equipment loan																																																								0	-75,000	-225,000	-225,000	-225,000	-225,000	-225,000	-225,000	-225,000	-569,000	-569,000	-568,000	-912,000	-569,000	-226,000	-343,000
supplemental disclosure of non-cash transactions
issuance of common stock in connection with acquisition and contingent consideration																																																					0	0	6,063,000
accretion and amortization related to investments																																																			100,000	136,000	166,000	213,000	285,000	299,000	294,000	170,000	146,000	149,000	191,000	227,000	154,000	128,000	238,000	334,000	191,000	27,000	21,000	-10,000	-37,000
accretion of non-cash interest expense related to convertible notes
loss on debt extinguishment upon conversion of convertible debt																																																												3,000	312,000	245,000	7,930,000
cash and cash equivalents, beginning of year
cash and cash equivalents, ending of year
supplemental disclosure of cash flow information:
non-cash investing and financing transactions:
conversion of convertible notes to common stock																																																												-763,000	4,001,000	1,549,000	41,483,000
other non-cash																																																						-60,000	61,000
non-cash restructuring charge
proceeds from the sale of equipment
unrealized gain on marketable securities
accretion related to convertible debt discount																																																													51,000	89,000	919,000		1,241,000	1,186,000	1,135,000
compensation expense associated with stock options issued to consultants
proceeds from equipment loan																																																																				343,000	0	-343,000	3,000,000	0
non-cash restructuring benefit																																																																	0	0	-362,000
proceeds from issuance of senior convertible notes																																																																								0
payment of senior convertible notes issuance costs
purchase of senior convertible notes call spread options
net cash provided by/(used in) investing activities																																																																	12,183,000	6,485,000	-39,311,000		11,482,000
common shares received as settlement for a call spread option																																																																					0	0	869,000
stock-based compensation
net cash provided/(used) in investing activities																																																																							13,586,000
conversion of series a, b, c, and d preferred stock
accretion to redemption value of series b, series c, and series d redeemable convertible preferred stock
other assets
other liabilities
non-cash investing and financing activities
deferred rent
net proceeds from issuance of preferred stock
interest on converted notes
prepaid and other current assets
proceeds on sale of equipment
proceeds from convertible notes payable
purchase of technology in exchange for common stock
conversion of notes payable into series b preferred stock
unrealized loss on marketable securities

DexCom, Inc(NASDAQ:DXCM)

DexCom, Inc
(NASDAQ:DXCM)