Enphase Energy, Inc(NASDAQ:ENPH) 
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar mod...
Website: http://www.enphase.com
Founded: 2006
IPO Price: $6 (Mar 30, 2012)
Full Time Employees: 3,225 (Sep 2023)
Co-Founder: Martin Fornage
CEO: Badri Kothandaraman
Sector: Technology
Industry: Solar
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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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenues | 282,900,000 | 343,321,000 | 410,427,000 | 363,153,000 | 356,084,000 | 382,713,000 | 380,873,000 | 303,458,000 | 263,339,000 | 302,570,000 | 551,082,000 | 711,118,000 | 726,016,000 | 724,652,000 | 634,713,000 | 530,196,000 | 441,292,000 | 412,719,000 | 351,519,000 | 316,057,000 | 301,754,000 | 264,839,000 | 178,503,000 | 125,538,000 | 205,545,000 | 210,032,000 | 180,057,000 | 134,094,000 | 100,150,000 | 92,289,000 | 78,002,000 | 75,896,000 | 69,972,000 | 79,674,000 | 77,038,000 | 74,704,000 | 54,751,000 | 90,601,000 | 88,684,000 | 79,185,000 | 64,121,000 | 65,629,000 | 102,874,000 | 102,093,000 | 86,653,000 | 105,207,000 | 99,113,000 | 82,004,000 | 57,580,000 | 67,056,000 | 62,046,000 | 58,167,000 | 45,577,000 | 57,568,000 | 60,813,000 | 55,697,000 | 42,600,000 |
yoy | -20.55% | -10.29% | 7.76% | 19.67% | 35.22% | 26.49% | -30.89% | -57.33% | -63.73% | -58.25% | -13.18% | 34.12% | 64.52% | 75.58% | 80.56% | 67.75% | 46.24% | 55.84% | 96.93% | 151.76% | 46.81% | 26.09% | -0.86% | -6.38% | 105.24% | 127.58% | 130.84% | 76.68% | 43.13% | 15.83% | 1.25% | 1.60% | 27.80% | -12.06% | -13.13% | -5.66% | -14.61% | 38.05% | -13.79% | -22.44% | -26.00% | -37.62% | 3.79% | 24.50% | 50.49% | 56.89% | 59.74% | 40.98% | 26.34% | 16.48% | 2.03% | 4.43% | 6.99% | ||||
qoq | -17.60% | -16.35% | 13.02% | 1.99% | -6.96% | 0.48% | 25.51% | 15.23% | -12.97% | -45.10% | -22.50% | -2.05% | 0.19% | 14.17% | 19.71% | 20.15% | 6.92% | 17.41% | 11.22% | 4.74% | 13.94% | 48.37% | 42.19% | -38.92% | -2.14% | 16.65% | 34.28% | 33.89% | 8.52% | 18.32% | 2.77% | 8.47% | -12.18% | 3.42% | 3.12% | 36.44% | -39.57% | 2.16% | 12.00% | 23.49% | -2.30% | -36.20% | 0.76% | 17.82% | -17.64% | 6.15% | 20.86% | 42.42% | -14.13% | 8.07% | 6.67% | 27.62% | -20.83% | -5.34% | 9.19% | 30.74% | |
cost of revenues | 182,507,000 | 191,290,000 | 214,188,000 | 192,660,000 | 187,843,000 | 184,420,000 | 202,702,000 | 166,292,000 | 147,831,000 | 155,908,000 | 289,069,000 | 387,776,000 | 399,645,000 | 413,951,000 | 366,797,000 | 311,191,000 | 264,319,000 | 249,405,000 | 211,161,000 | 188,256,000 | 178,805,000 | 142,901,000 | 83,522,000 | 77,151,000 | 124,870,000 | 132,151,000 | 115,351,000 | 88,775,000 | 66,811,000 | 64,125,000 | 52,738,000 | 53,195,000 | 51,657,000 | 60,685,000 | 60,577,000 | 61,157,000 | 47,703,000 | 74,368,000 | 72,805,000 | 65,049,000 | 52,361,000 | 49,929,000 | 71,408,000 | 69,066,000 | 58,629,000 | 70,172,000 | 66,592,000 | 55,172,000 | 38,925,000 | 45,560,000 | 44,611,000 | 41,883,000 | 33,376,000 | 41,512,000 | 44,489,000 | 42,096,000 | 33,293,000 |
gross profit | 100,393,000 | 152,031,000 | 196,239,000 | 170,493,000 | 168,241,000 | 198,293,000 | 178,171,000 | 137,166,000 | 115,508,000 | 146,662,000 | 262,013,000 | 323,342,000 | 326,371,000 | 310,701,000 | 267,916,000 | 219,005,000 | 176,973,000 | 163,314,000 | 140,358,000 | 127,801,000 | 122,949,000 | 121,938,000 | 94,981,000 | 48,387,000 | 80,675,000 | 77,881,000 | 64,706,000 | 45,319,000 | 33,339,000 | 28,164,000 | 25,264,000 | 22,701,000 | 18,315,000 | 18,989,000 | 16,461,000 | 13,547,000 | 7,048,000 | 16,233,000 | 15,879,000 | 14,136,000 | 11,760,000 | 15,700,000 | 31,466,000 | 33,027,000 | 28,024,000 | 35,035,000 | 32,521,000 | 26,832,000 | 18,655,000 | 21,496,000 | 17,435,000 | 16,284,000 | 12,201,000 | 16,056,000 | 16,324,000 | 13,601,000 | 9,307,000 |
yoy | -40.33% | -23.33% | 10.14% | 24.30% | 45.65% | 35.20% | -32.00% | -57.58% | -64.61% | -52.80% | -2.20% | 47.64% | 84.42% | 90.25% | 90.88% | 71.36% | 43.94% | 33.93% | 47.77% | 164.12% | 52.40% | 56.57% | 46.79% | 6.77% | 141.98% | 176.53% | 156.12% | 99.63% | 82.03% | 48.32% | 53.48% | 67.57% | 159.86% | 16.98% | 3.67% | -4.17% | -40.07% | 3.39% | -49.54% | -57.20% | -58.04% | -55.19% | -3.24% | 23.09% | 50.22% | 62.98% | 86.53% | 64.78% | 52.90% | 33.88% | 6.81% | 19.73% | 31.09% | ||||
qoq | -33.97% | -22.53% | 15.10% | 1.34% | -15.16% | 11.29% | 29.89% | 18.75% | -21.24% | -44.02% | -18.97% | -0.93% | 5.04% | 15.97% | 22.33% | 23.75% | 8.36% | 16.36% | 9.83% | 3.95% | 0.83% | 28.38% | 96.29% | -40.02% | 3.59% | 20.36% | 42.78% | 35.93% | 18.37% | 11.48% | 11.29% | 23.95% | -3.55% | 15.36% | 21.51% | 92.21% | -56.58% | 2.23% | 12.33% | 20.20% | -25.10% | -50.10% | -4.73% | 17.85% | -20.01% | 7.73% | 21.20% | 43.83% | -13.22% | 23.29% | 7.07% | 33.46% | -24.01% | -1.64% | 20.02% | 46.14% | |
gross margin % | 35.49% | 44.28% | 47.81% | 46.95% | 47.25% | 51.81% | 46.78% | 45.20% | 43.86% | 48.47% | 47.55% | 45.47% | 44.95% | 42.88% | 42.21% | 41.31% | 40.10% | 39.57% | 39.93% | 40.44% | 40.74% | 46.04% | 53.21% | 38.54% | 39.25% | 37.08% | 35.94% | 33.80% | 33.29% | 30.52% | 32.39% | 29.91% | 26.17% | 23.83% | 21.37% | 18.13% | 12.87% | 17.92% | 17.91% | 17.85% | 18.34% | 23.92% | 30.59% | 32.35% | 32.34% | 33.30% | 32.81% | 32.72% | 32.40% | 32.06% | 28.10% | 28.00% | 26.77% | 27.89% | 26.84% | 24.42% | 21.85% |
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 44,867,000 | 46,214,000 | 47,266,000 | 45,421,000 | 50,174,000 | 50,390,000 | 47,843,000 | 48,871,000 | 54,211,000 | 55,291,000 | 54,873,000 | 60,043,000 | 57,129,000 | 49,683,000 | 44,188,000 | 39,256,000 | 35,719,000 | 31,589,000 | 29,411,000 | 22,708,000 | 21,818,000 | 15,801,000 | 15,052,000 | 13,192,000 | 11,876,000 | 11,168,000 | 11,085,000 | 9,604,000 | 8,524,000 | 7,340,000 | 8,165,000 | 9,462,000 | 7,620,000 | 8,208,000 | 7,397,000 | 7,947,000 | 9,605,000 | 11,377,000 | 13,169,000 | 13,091,000 | 13,066,000 | 12,544,000 | 12,059,000 | 12,786,000 | 13,430,000 | 13,040,000 | 12,112,000 | 11,148,000 | 9,086,000 | 8,721,000 | 8,293,000 | 8,484,000 | 9,026,000 | 8,533,000 | 10,571,000 | 8,655,000 | 7,842,000 |
sales and marketing | 48,087,000 | 49,420,000 | 48,429,000 | 50,708,000 | 48,948,000 | 51,799,000 | 49,671,000 | 51,775,000 | 53,307,000 | 53,409,000 | 55,357,000 | 58,405,000 | 64,621,000 | 64,913,000 | 55,257,000 | 53,588,000 | 41,344,000 | 44,470,000 | 39,296,000 | 25,586,000 | 19,622,000 | 14,139,000 | 14,645,000 | 12,371,000 | 11,772,000 | 10,690,000 | 9,551,000 | 9,054,000 | 7,433,000 | 6,617,000 | 7,375,000 | 6,828,000 | 6,227,000 | 4,940,000 | 5,453,000 | 6,274,000 | 6,458,000 | 7,592,000 | 11,016,000 | 9,987,000 | 10,215,000 | 10,922,000 | 10,510,000 | 12,508,000 | 11,937,000 | 11,798,000 | 9,884,000 | 10,493,000 | 8,828,000 | 8,315,000 | 8,550,000 | 7,365,000 | 6,850,000 | 7,525,000 | 7,039,000 | 6,360,000 | 5,049,000 |
general and administrative | 33,255,000 | 34,599,000 | 33,098,000 | 34,035,000 | 34,035,000 | 31,901,000 | 30,192,000 | 33,550,000 | 35,182,000 | 33,379,000 | 33,794,000 | 34,397,000 | 36,265,000 | 37,355,000 | 32,436,000 | 32,125,000 | 38,086,000 | 29,560,000 | 34,300,000 | 20,107,000 | 20,123,000 | 12,884,000 | 13,525,000 | 11,970,000 | 12,315,000 | 10,450,000 | 9,895,000 | 8,583,000 | 9,880,000 | 7,663,000 | 7,510,000 | 6,969,000 | 6,943,000 | 5,983,000 | 5,441,000 | 4,964,000 | 5,833,000 | 6,297,000 | 6,708,000 | 6,846,000 | 7,567,000 | 7,405,000 | 7,118,000 | 8,102,000 | 8,205,000 | 8,246,000 | 8,632,000 | 7,679,000 | 6,526,000 | 6,071,000 | 5,937,000 | 5,926,000 | 6,036,000 | 6,177,000 | 6,911,000 | 6,091,000 | 5,696,000 |
restructuring and asset impairment charges | 3,827,000 | -640,000 | 1,287,000 | 3,322,000 | 3,162,000 | 9,399,000 | 677,000 | 1,171,000 | 1,907,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 130,036,000 | 129,593,000 | 130,080,000 | 133,486,000 | 136,319,000 | 143,489,000 | 128,383,000 | 135,367,000 | 144,607,000 | 156,893,000 | 144,024,000 | 153,022,000 | 158,708,000 | 153,741,000 | 132,475,000 | 124,969,000 | 115,149,000 | 105,619,000 | 103,007,000 | 68,401,000 | 61,563,000 | 42,824,000 | 43,222,000 | 37,533,000 | 35,963,000 | 33,439,000 | 31,000,000 | 27,872,000 | 26,205,000 | 23,161,000 | 25,638,000 | 23,259,000 | 20,790,000 | 21,121,000 | 22,362,000 | 22,794,000 | 29,143,000 | 26,326,000 | 33,610,000 | 29,924,000 | 30,848,000 | 30,871,000 | 29,687,000 | 33,396,000 | 33,572,000 | 33,084,000 | 30,628,000 | 29,320,000 | 24,440,000 | 23,107,000 | 22,780,000 | 21,775,000 | 21,912,000 | 22,235,000 | 24,521,000 | 21,106,000 | 18,587,000 |
income from operations | -29,643,000 | 22,438,000 | 66,159,000 | 37,007,000 | 31,922,000 | 54,804,000 | 49,788,000 | 1,799,000 | -29,099,000 | -10,231,000 | 117,989,000 | 170,320,000 | 167,663,000 | 156,960,000 | 135,441,000 | 94,036,000 | 61,824,000 | 57,695,000 | 37,351,000 | 59,400,000 | 61,386,000 | 79,114,000 | 51,759,000 | 10,854,000 | 44,712,000 | 44,442,000 | 33,706,000 | 17,447,000 | 7,134,000 | 5,003,000 | -374,000 | -558,000 | -2,475,000 | -2,132,000 | -5,901,000 | -9,247,000 | -22,095,000 | -10,093,000 | -17,731,000 | -15,788,000 | -19,088,000 | -15,171,000 | 1,779,000 | -369,000 | -5,548,000 | 1,951,000 | 1,893,000 | -2,488,000 | -5,785,000 | -1,611,000 | -5,345,000 | -5,491,000 | -9,711,000 | -6,179,000 | -8,197,000 | -7,505,000 | -9,280,000 |
yoy | -192.86% | -59.06% | 32.88% | 1957.09% | -209.70% | -635.67% | -57.80% | -98.94% | -117.36% | -106.52% | -12.89% | 81.12% | 171.19% | 172.05% | 262.62% | 58.31% | 0.71% | -27.07% | -27.84% | 447.26% | 37.29% | 78.02% | 53.56% | -37.79% | 526.75% | 788.31% | -9112.30% | -3226.70% | -388.24% | -334.66% | -93.66% | -93.97% | -88.80% | -78.88% | -66.72% | -41.43% | 15.75% | -33.47% | -1096.68% | 4178.59% | 244.05% | -877.60% | -6.02% | -85.17% | -4.10% | -221.10% | -135.42% | -54.69% | -40.43% | -73.93% | -34.79% | -26.84% | 4.64% | ||||
qoq | -232.11% | -66.08% | 78.77% | 15.93% | -41.75% | 10.07% | 2667.54% | -106.18% | 184.42% | -108.67% | -30.73% | 1.58% | 6.82% | 15.89% | 44.03% | 52.10% | 7.16% | 54.47% | -37.12% | -3.24% | -22.41% | 52.85% | 376.87% | -75.72% | 0.61% | 31.85% | 93.19% | 144.56% | 42.59% | -1437.70% | -32.97% | -77.45% | 16.09% | -63.87% | -36.18% | -58.15% | 118.91% | -43.08% | 12.31% | -17.29% | 25.82% | -952.78% | -582.11% | -93.35% | -384.37% | 3.06% | -176.09% | -56.99% | 259.09% | -69.86% | -2.66% | -43.46% | 57.16% | -24.62% | 9.22% | -19.13% | |
operating margin % | -10.48% | 6.54% | 16.12% | 10.19% | 8.96% | 14.32% | 13.07% | 0.59% | -11.05% | -3.38% | 21.41% | 23.95% | 23.09% | 21.66% | 21.34% | 17.74% | 14.01% | 13.98% | 10.63% | 18.79% | 20.34% | 29.87% | 29.00% | 8.65% | 21.75% | 21.16% | 18.72% | 13.01% | 7.12% | 5.42% | -0.48% | -0.74% | -3.54% | -2.68% | -7.66% | -12.38% | -40.36% | -11.14% | -19.99% | -19.94% | -29.77% | -23.12% | 1.73% | -0.36% | -6.40% | 1.85% | 1.91% | -3.03% | -10.05% | -2.40% | -8.61% | -9.44% | -21.31% | -10.73% | -13.48% | -13.47% | -21.78% |
other income | 3,791,000 | -14,000 | -1,270,000 | -16,785,000 | -7,566,000 | 87,000 | 4,233,000 | 1,883,000 | -33,000 | 426,000 | 4,777,000 | -2,611,000 | -2,141,000 | 5,236,000 | 874,000 | -633,000 | 573,000 | 653,000 | -1,113,000 | -379,000 | -572,000 | -126,000 | 202,000 | 623,000 | 88,000 | 1,060,000 | 163,750 | 353,000 | -379,000 | 681,000 | -288,000 | -704,000 | 79,000 | -527,000 | 58,000 | 107,000 | -113,000 | -378,000 | -297,000 | -49,000 | -233,000 | -56,000 | -338,000 | 640,000 | |||||||||||||
interest income | 12,625,000 | 15,350,000 | 15,429,000 | 14,911,000 | 17,032,000 | 18,417,000 | 19,977,000 | 19,203,000 | 19,709,000 | 20,493,000 | 19,669,000 | 16,526,000 | 13,040,000 | 8,720,000 | 3,680,000 | 796,000 | 460,000 | 414,000 | 110,000 | 98,000 | 73,000 | 673,000 | 110,000 | 282,000 | 1,091,000 | 815,000 | 894,000 | 593,000 | 3,000 | 14,000 | |||||||||||||||||||||||||||
interest expense | -633,000 | -829,000 | -830,000 | -815,000 | -2,047,000 | -2,252,000 | -2,237,000 | -2,220,000 | -2,196,000 | -2,268,000 | -2,196,000 | -2,219,000 | -2,156,000 | -2,279,000 | -2,255,000 | -2,168,000 | -2,736,000 | -12,689,000 | -12,628,000 | -12,506,000 | -7,329,000 | -5,901,000 | -5,993,000 | -5,952,000 | -3,155,000 | -2,303,000 | -2,286,000 | -1,351,000 | -3,540,000 | -2,604,000 | -2,469,000 | -2,269,000 | -2,292,000 | -1,957,000 | -1,760,000 | -2,080,000 | -2,139,000 | -1,175,000 | -1,234,000 | -212,000 | -152,000 | -196,000 | -140,000 | -87,000 | -78,000 | -572,000 | -356,000 | -486,000 | -449,000 | -670,000 | -437,000 | -484,000 | -464,000 | -1,025,000 | -527,000 | -3,405,000 | -1,479,000 |
total other income | 15,783,000 | 16,259,000 | 10,860,000 | 5,198,000 | 14,971,000 | 14,895,000 | 955,000 | 9,417,000 | 17,600,000 | 22,458,000 | 19,356,000 | 14,274,000 | 11,310,000 | -63,052,000 | 12,356,000 | -1,079,000 | 529,000 | -430,750 | -953,000 | ||||||||||||||||||||||||||||||||||||||
income before income taxes | -13,860,000 | 38,697,000 | 77,019,000 | 42,205,000 | 46,893,000 | 69,699,000 | 50,743,000 | 11,216,000 | -11,499,000 | 12,227,000 | 137,345,000 | 184,594,000 | 178,973,000 | 168,178,000 | 134,255,000 | 92,208,000 | 57,407,000 | 50,541,000 | 25,707,000 | 46,346,000 | -1,666,000 | 71,352,000 | 44,845,000 | -53,855,000 | 57,068,000 | 44,421,000 | 31,371,000 | 11,209,000 | 3,113,000 | 1,286,000 | -3,222,000 | -3,399,000 | -4,893,000 | -3,887,000 | -7,038,000 | -11,239,000 | -23,174,000 | -12,437,000 | -18,612,000 | -16,379,000 | -18,559,000 | -15,108,000 | 935,000 | -377,000 | -6,153,000 | 817,000 | 940,000 | -2,916,000 | -6,127,000 | -2,394,000 | -6,160,000 | -6,272,000 | -10,224,000 | -7,437,000 | -8,777,000 | -11,234,000 | -10,119,000 |
income tax benefit | 6,454,000 | -14,425,000 | -19,443,000 | -15,232,000 | -5,586,000 | 2,050,000 | -3,898,000 | -6,995,000 | 33,364,000 | 1,639,000 | -5,483,000 | 6,561,000 | 11,868,000 | -199,500 | 184,000 | ||||||||||||||||||||||||||||||||||||||||||
net income | -7,406,000 | 38,713,000 | 66,638,000 | 37,052,000 | 29,730,000 | 62,160,000 | 45,762,000 | 10,833,000 | -16,097,000 | 20,919,000 | 113,953,000 | 157,191,000 | 146,873,000 | 153,753,000 | 114,812,000 | 76,976,000 | 51,821,000 | 52,591,000 | 21,809,000 | 39,351,000 | 31,698,000 | 72,991,000 | 39,362,000 | -47,294,000 | 68,936,000 | 116,666,000 | 31,099,000 | 10,618,000 | 2,765,000 | 709,000 | -3,470,000 | -3,738,000 | -5,128,000 | -2,940,000 | -6,854,000 | -12,093,000 | -23,305,000 | -13,188,000 | -18,756,000 | -16,723,000 | -18,795,000 | -15,783,000 | 624,000 | -603,000 | -6,320,000 | -2,113,500 | 813,000 | -3,031,000 | -6,236,000 | ||||||||
yoy | -124.91% | -37.72% | 45.62% | 242.03% | -284.69% | 197.15% | -59.84% | -93.11% | -110.96% | -86.39% | -0.75% | 104.21% | 183.42% | 192.36% | 426.44% | 95.61% | 63.48% | -27.95% | -44.59% | -183.21% | -54.02% | -37.44% | 26.57% | -545.41% | 2393.16% | 16355.01% | -996.22% | -384.06% | -153.92% | -124.12% | -49.37% | -69.09% | -78.00% | -77.71% | -63.46% | -27.69% | 24.00% | -16.44% | -3105.77% | 2673.30% | 197.39% | 646.77% | -23.25% | -80.11% | 1.35% | ||||||||||||
qoq | -119.13% | -41.91% | 79.85% | 24.63% | -52.17% | 35.83% | 322.43% | -167.30% | -176.95% | -81.64% | -27.51% | 7.03% | -4.47% | 33.92% | 49.15% | 48.54% | -1.46% | 141.14% | -44.58% | 24.14% | -56.57% | 85.44% | -183.23% | -168.61% | -40.91% | 275.14% | 192.89% | 284.01% | 289.99% | -120.43% | -7.17% | -27.11% | 74.42% | -57.11% | -43.32% | -48.11% | 76.71% | -29.69% | 12.16% | -11.02% | 19.08% | -2629.33% | -203.48% | -90.46% | 199.03% | -359.96% | -126.82% | -51.40% | |||||||||
net income margin % | -2.62% | 11.28% | 16.24% | 10.20% | 8.35% | 16.24% | 12.02% | 3.57% | -6.11% | 6.91% | 20.68% | 22.10% | 20.23% | 21.22% | 18.09% | 14.52% | 11.74% | 12.74% | 6.20% | 12.45% | 10.50% | 27.56% | 22.05% | -37.67% | 33.54% | 55.55% | 17.27% | 7.92% | 2.76% | 0.77% | -4.45% | -4.93% | -7.33% | -3.69% | -8.90% | -16.19% | -42.57% | -14.56% | -21.15% | -21.12% | -29.31% | -24.05% | 0.61% | -0.59% | -7.29% | -2.01% | 0.82% | -3.70% | -10.83% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
net income per share | -0.36 | -0.41 | -0.01 | -0.14 | -0.07 | -0.15 | -0.06 | -0.15 | -0.15 | -0.25 | -0.13 | -0.22 | -0.29 | -5.97 | |||||||||||||||||||||||||||||||||||||||||||
basic | -0.06 | 0.29 | 0.51 | 0.28 | 0.23 | 0.46 | 0.34 | 0.08 | -0.12 | 0.16 | 0.84 | 1.15 | 1.07 | 1.14 | 0.85 | 0.57 | 0.39 | 0.4 | 0.16 | 0.29 | 0.24 | 0.58 | 0.31 | -0.38 | 0.56 | 0.99 | 0.25 | 0.09 | 0.03 | -0.035 | 0.01 | -0.05 | 0.02 | ||||||||||||||||||||||||
diluted | -0.06 | 0.28 | 0.5 | 0.28 | 0.22 | 0.45 | 0.33 | 0.08 | -0.12 | 0.16 | 0.8 | 1.09 | 1.02 | 1.07 | 0.8 | 0.54 | 0.37 | 0.37 | 0.15 | 0.28 | 0.22 | 0.51 | 0.28 | -0.38 | 0.5 | 0.88 | 0.23 | 0.08 | 0.02 | -0.035 | 0.01 | -0.05 | 0.02 | ||||||||||||||||||||||||
shares used in per share calculation: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 131,337 | -66 | 130,797 | 131,031 | 131,869 | -454 | 135,329 | 135,646 | 135,891 | -115 | 136,165 | 136,607 | 136,689 | 293 | 135,633 | 135,196 | 134,327 | 306 | 134,721 | 135,094 | 131,303 | 477 | 126,109 | 125,603 | 123,531 | 1,993 | 122,123 | 113,677 | 108,195 | 11,676 | 47,278 | 11,084.75 | 44,734 | 10,666 | 43,128 | ||||||||||||||||||||||
diluted | 131,337 | 1,447 | 132,995 | 135,219 | 136,208 | 3,768 | 139,914 | 136,123 | 135,891 | -1,791 | 143,863 | 145,098 | 145,986 | 332 | 145,962 | 143,725 | 144,617 | -213 | 141,220 | 141,533 | 146,442 | 1,711 | 141,820 | 125,603 | 138,104 | 530 | 133,611 | 130,737 | 115,863 | 11,676 | 47,278 | 11,084.75 | 47,996 | 10,666 | 48,786 | ||||||||||||||||||||||
other expense | -3,162,750 | -3,739,000 | -8,898,000 | -456,000 | -2,534,000 | -1,031,000 | -924,000 | -1,726,000 | -943,000 | -5,480,000 | -481,000 | -108,000 | -597,000 | ||||||||||||||||||||||||||||||||||||||||||||
income tax provision | 16,000 | -10,381,000 | -5,153,000 | -17,163,000 | -7,539,000 | -4,981,000 | -383,000 | -4,598,000 | -20,723,750 | -23,392,000 | -27,403,000 | -32,100,000 | |||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | 217,500 | 177,000 | 693,000 | 1,790,000 | 594,000 | 1,131,000 | 469,000 | 631,000 | 368,000 | 1,541,000 | 2,588,000 | 3,731,750 | 4,071,000 | 3,609,000 | 7,247,000 | 679,250 | 2,717,000 | ||||||||||||||||||||||||||||||||||||||||
loss on partial settlement of convertible notes | -115,000 | -13,000 | -56,369,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -1,857,750 | -1,186,000 | -1,828,000 | -4,417,000 | -7,154,000 | -11,644,000 | -13,054,000 | -7,762,000 | -6,914,000 | -64,709,000 | -21,000 | -2,335,000 | -6,238,000 | -4,021,000 | -3,717,000 | -2,848,000 | -2,841,000 | -2,418,000 | -1,755,000 | -1,137,000 | -1,992,000 | -2,344,000 | -881,000 | -591,000 | 63,000 | -844,000 | -8,000 | -605,000 | -428,000 | -342,000 | -783,000 | -815,000 | -781,000 | -513,000 | -1,258,000 | -580,000 | -3,729,000 | -839,000 | |||||||||||||||||||
change in fair value of derivatives | -59,692,000 | 15,344,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | -302,750 | -272,000 | -591,000 | -348,000 | -339,000 | -235,000 | -854,000 | -131,000 | -751,000 | -144,000 | -344,000 | -236,000 | -675,000 | -311,000 | -226,000 | -167,000 | -415,000 | -127,000 | -115,000 | -109,000 | -416,000 | -141,000 | -124,000 | -182,000 | -305,000 | -130,000 | -151,000 | -65,000 | |||||||||||||||||||||||||||||
income tax (provision) benefit | -205,250 | -248,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.36 | -0.41 | -0.01 | -0.14 | -0.07 | -0.15 | -0.06 | -0.15 | -0.15 | -0.25 | -0.13 | -0.22 | -0.29 | -5.97 | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 0.01 | -0.03 | -0.04 | -0.06 | -0.13 | -0.08 | -0.14 | -0.3 | -0.29 | -0.4 | |||||||||||||||||||||||||||||||||||||||||||||||
shares used in per share calculation: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 2,362 | 102,798 | 97,321 | 91,422 | 20,498.25 | 84,862 | 84,434 | 76,651 | |||||||||||||||||||||||||||||||||||||||||||||||||
other expense, net: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income, net: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.36 | -0.41 | -0.01 | -0.14 | -0.07 | -0.15 | -0.06 | -0.15 | -0.15 | -0.25 | -0.13 | -0.22 | -0.29 | -5.97 | |||||||||||||||||||||||||||||||||||||||||||
shares used in computing net loss per share, basic and diluted | 46,620 | 46,209 | 44,319 | 43,950 | 42,205 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
shares used in per share calculation, basic and diluted | 42,648 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -2,810,000 | -6,301,000 | -6,396,000 | -10,406,000 | -7,742,000 | -8,907,000 | -11,385,000 | -10,184,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
shares used in computing net loss per share attributable to common stockholders, basic and diluted | 130 | 41,777 | 41,617 | 41,149 | 3,384 | 40,755 | 39,461 | 1,706 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 497,546,000 | 474,318,000 | 401,880,000 | 370,536,000 | 350,077,000 | 369,110,000 | 256,325,000 | 252,102,000 | 253,652,000 | 288,748,000 | 290,075,000 | 278,676,000 | 286,045,000 | 473,244,000 | 337,583,000 | 495,473,000 | 251,850,000 | 119,316,000 | 885,546,000 | 1,312,261,000 | 1,489,010,000 | 679,379,000 | 661,792,000 | 607,254,000 | 549,144,000 | 251,409,000 | 203,046,000 | 205,959,000 | 78,087,000 | 106,237,000 | 116,164,000 | 58,471,000 | 53,255,000 | 29,144,000 | 28,878,000 | 30,953,000 | 29,955,000 | 17,764,000 | 24,112,000 | 8,243,000 | 13,016,000 | 28,452,000 | 22,491,000 | 31,887,000 | 27,127,000 | 42,032,000 | 44,537,000 | 37,621,000 | 39,935,000 | 38,190,000 | 31,778,000 | 33,976,000 | 36,434,000 | 45,294,000 | 41,717,000 | 66,969,000 | 31,903,000 |
marketable securities | 433,095,000 | 1,038,536,000 | 1,076,044,000 | 1,159,648,000 | 1,116,780,000 | 1,253,480,000 | 1,510,299,000 | 1,394,302,000 | 1,375,941,000 | 1,406,286,000 | 1,493,809,000 | 1,521,816,000 | 1,492,352,000 | 1,139,599,000 | 1,079,713,000 | 752,328,000 | 811,621,000 | 897,335,000 | 508,577,000 | ||||||||||||||||||||||||||||||||||||||
accounts receivable | 196,578,000 | 229,881,000 | 265,513,000 | 223,218,000 | 225,625,000 | 223,749,000 | 232,225,000 | 277,475,000 | 364,364,000 | 445,959,000 | 560,286,000 | 520,306,000 | 516,106,000 | 440,896,000 | 367,647,000 | 312,451,000 | 358,310,000 | 333,626,000 | 273,012,000 | 281,154,000 | 236,090,000 | 182,165,000 | 122,386,000 | 89,504,000 | 95,484,000 | 145,413,000 | 133,689,000 | 97,537,000 | 81,715,000 | 78,938,000 | 54,117,000 | 58,696,000 | 55,622,000 | 65,346,000 | 68,869,000 | 56,403,000 | 48,903,000 | 61,019,000 | 59,482,000 | 48,973,000 | 47,056,000 | 46,099,000 | 75,322,000 | 67,315,000 | 45,870,000 | 45,119,000 | 49,270,000 | 46,537,000 | 28,450,000 | 32,084,000 | 34,744,000 | 32,104,000 | 24,908,000 | 27,743,000 | 32,734,000 | 9,961,000 | 13,447,000 |
inventory | 290,701,000 | 288,047,000 | 188,652,000 | 173,016,000 | 144,025,000 | 165,004,000 | 158,837,000 | 176,068,000 | 207,893,000 | 213,595,000 | 174,114,000 | 166,111,000 | 150,563,000 | 149,708,000 | 146,451,000 | 130,266,000 | 96,436,000 | 74,400,000 | 65,405,000 | 37,756,000 | 34,876,000 | 41,764,000 | 37,535,000 | 31,186,000 | 34,617,000 | 32,056,000 | 30,231,000 | 20,094,000 | 12,971,000 | 16,267,000 | 17,886,000 | 17,471,000 | 18,541,000 | 25,999,000 | 25,316,000 | 20,839,000 | 33,808,000 | 31,960,000 | 39,101,000 | 39,295,000 | 45,576,000 | 40,800,000 | 36,717,000 | 34,054,000 | 34,746,000 | 21,590,000 | 15,488,000 | 15,724,000 | 14,113,000 | 16,580,000 | 24,392,000 | 17,906,000 | 22,309,000 | 19,843,000 | 16,650,000 | 30,966,000 | 25,661,000 |
prepaid expenses and other current assets | 412,351,000 | 576,078,000 | 459,698,000 | 362,523,000 | 295,725,000 | 220,735,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 1,830,271,000 | 2,606,860,000 | 2,391,787,000 | 2,288,941,000 | 2,197,245,000 | 2,327,084,000 | 2,360,881,000 | 2,241,649,000 | 2,302,571,000 | 2,443,518,000 | 2,598,630,000 | 2,560,789,000 | 2,512,633,000 | 2,264,271,000 | 1,982,664,000 | 1,735,992,000 | 1,558,783,000 | 1,462,461,000 | 1,768,081,000 | 1,665,919,000 | 1,791,362,000 | 933,064,000 | 850,234,000 | 757,201,000 | 751,697,000 | 499,657,000 | 391,517,000 | 349,851,000 | 195,442,000 | 222,302,000 | 209,798,000 | 155,379,000 | 147,853,000 | 130,446,000 | 136,317,000 | 121,502,000 | 122,799,000 | 117,864,000 | 129,882,000 | 104,436,000 | 112,885,000 | 121,768,000 | 141,610,000 | 141,332,000 | 114,830,000 | 114,896,000 | 114,489,000 | 105,470,000 | 86,781,000 | 90,509,000 | 94,067,000 | 86,694,000 | 86,143,000 | 94,998,000 | 98,131,000 | 110,477,000 | 73,319,000 |
property and equipment | 138,873,000 | 136,804,000 | 131,317,000 | 136,902,000 | 142,219,000 | 147,514,000 | 148,444,000 | 152,070,000 | 158,303,000 | 168,244,000 | 173,005,000 | 151,657,000 | 133,268,000 | 111,367,000 | 91,801,000 | 86,778,000 | 85,073,000 | 82,167,000 | 73,445,000 | 63,211,000 | 53,648,000 | 42,985,000 | 35,187,000 | 32,972,000 | 30,500,000 | 28,936,000 | 23,532,000 | 21,532,000 | 20,178,000 | 20,998,000 | 20,331,000 | 23,100,000 | 24,926,000 | 26,483,000 | 28,191,000 | 29,351,000 | 30,905,000 | 31,440,000 | 32,453,000 | 34,591,000 | 32,963,000 | 32,118,000 | 31,240,000 | 31,633,000 | 31,197,000 | 30,824,000 | 28,825,000 | 25,127,000 | 24,809,000 | 24,853,000 | 24,823,000 | 25,141,000 | 25,281,000 | 25,541,000 | 24,926,000 | 24,652,000 | 22,736,000 |
intangible assets | 17,562,000 | 22,288,000 | 27,332,000 | 32,380,000 | 37,408,000 | 42,398,000 | 51,152,000 | 56,715,000 | 62,625,000 | 68,536,000 | 79,147,000 | 85,960,000 | 92,756,000 | 99,541,000 | 90,924,000 | 96,887,000 | 103,173,000 | 97,758,000 | 43,146,000 | 45,409,000 | 47,917,000 | 28,808,000 | 26,839,000 | 28,086,000 | 29,332,000 | 30,579,000 | 31,761,000 | 32,943,000 | 34,124,000 | 35,306,000 | 36,078,000 | ||||||||||||||||||||||||||
goodwill | 213,744,000 | 214,760,000 | 214,406,000 | 214,890,000 | 212,359,000 | 211,571,000 | 214,292,000 | 213,239,000 | 213,625,000 | 214,562,000 | 213,193,000 | 214,290,000 | 213,882,000 | 213,559,000 | 195,508,000 | 197,004,000 | 195,637,000 | 181,254,000 | 61,038,000 | 61,321,000 | 61,038,000 | 24,783,000 | 24,783,000 | 24,783,000 | 24,783,000 | 24,783,000 | 24,783,000 | 24,783,000 | 24,783,000 | 24,783,000 | 24,783,000 | 3,664,000 | 3,664,000 | 3,664,000 | 3,664,000 | 3,664,000 | 3,664,000 | 3,664,000 | 3,745,000 | 3,745,000 | 3,745,000 | 3,745,000 | 3,745,000 | 3,745,000 | 3,745,000 | 3,745,000 | |||||||||||
other assets | 211,706,000 | 222,677,000 | 234,748,000 | 193,426,000 | 211,447,000 | 180,925,000 | 185,448,000 | 204,202,000 | 214,119,000 | 215,895,000 | 215,275,000 | 195,283,000 | 184,138,000 | 169,291,000 | 140,439,000 | 129,153,000 | 120,878,000 | 118,726,000 | 136,111,000 | 118,532,000 | 91,315,000 | 59,875,000 | 51,998,000 | 49,551,000 | 47,798,000 | 44,620,000 | 40,669,000 | 40,105,000 | 36,762,000 | 36,548,000 | 35,520,000 | 36,030,000 | 35,236,000 | 8,039,000 | 8,318,000 | 8,493,000 | 9,333,000 | 9,663,000 | 8,679,000 | 7,885,000 | 6,891,000 | 5,677,000 | 4,879,000 | 2,992,000 | 2,014,000 | 916,000 | 1,410,000 | 1,486,000 | 1,570,000 | 1,307,000 | 1,420,000 | 1,513,000 | 1,641,000 | 1,752,000 | 1,042,000 | 1,360,000 | 7,320,000 |
deferred tax assets | 311,767,000 | 306,403,000 | 320,898,000 | 312,250,000 | 305,408,000 | 315,567,000 | 275,854,000 | 279,307,000 | 261,862,000 | 252,370,000 | 253,528,000 | 234,949,000 | 222,529,000 | 204,872,000 | 178,371,000 | 174,307,000 | 180,291,000 | 122,470,000 | 133,158,000 | 130,571,000 | 132,231,000 | 92,904,000 | 88,812,000 | 93,872,000 | 86,806,000 | 74,531,000 | |||||||||||||||||||||||||||||||
total assets | 2,723,923,000 | 3,509,792,000 | 3,320,488,000 | 3,178,789,000 | 3,106,086,000 | 3,249,676,000 | 3,264,191,000 | 3,166,576,000 | 3,232,980,000 | 3,383,012,000 | 3,553,942,000 | 3,465,882,000 | 3,380,853,000 | 3,084,280,000 | 2,697,835,000 | 2,437,108,000 | 2,263,277,000 | 2,079,256,000 | 2,230,164,000 | 2,100,656,000 | 2,194,199,000 | 1,200,102,000 | 1,092,340,000 | 997,927,000 | 1,030,787,000 | 713,223,000 | 523,669,000 | 481,518,000 | 319,252,000 | 339,937,000 | 326,510,000 | 218,536,000 | 212,118,000 | 169,147,000 | 177,081,000 | 163,678,000 | 167,507,000 | 163,576,000 | 176,428,000 | 152,509,000 | 158,520,000 | 165,528,000 | 182,963,000 | 181,298,000 | 153,490,000 | 152,192,000 | 144,724,000 | 132,083,000 | 113,160,000 | 116,669,000 | 120,310,000 | 113,348,000 | 113,065,000 | 122,291,000 | 124,099,000 | 136,489,000 | 103,375,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 113,462,000 | 203,039,000 | 188,571,000 | 162,697,000 | 115,374,000 | 90,032,000 | 112,417,000 | 79,646,000 | 71,751,000 | 116,164,000 | 90,116,000 | 79,075,000 | 106,154,000 | 125,085,000 | 92,823,000 | 90,398,000 | 104,738,000 | 113,767,000 | 92,213,000 | 82,141,000 | 81,524,000 | 72,609,000 | 48,148,000 | 24,135,000 | 34,538,000 | 57,474,000 | 60,692,000 | 65,989,000 | 52,489,000 | 48,794,000 | 28,103,000 | 21,895,000 | 14,087,000 | 28,747,000 | 34,620,000 | 15,425,000 | 15,858,000 | 31,696,000 | 32,551,000 | 37,610,000 | 24,293,000 | 25,569,000 | 32,707,000 | 34,467,000 | 30,954,000 | 22,316,000 | 21,992,000 | 19,509,000 | 9,353,000 | 7,363,000 | 15,103,000 | 10,012,000 | 9,057,000 | 11,272,000 | 15,197,000 | 25,551,000 | 24,797,000 |
accrued liabilities | 195,584,000 | 217,366,000 | 207,926,000 | 206,537,000 | 212,169,000 | 196,887,000 | 189,819,000 | 197,556,000 | 234,391,000 | 261,919,000 | 434,825,000 | 425,285,000 | 396,688,000 | 295,939,000 | 255,800,000 | 197,919,000 | 169,146,000 | 157,912,000 | 139,243,000 | 119,234,000 | 115,172,000 | 76,542,000 | 52,203,000 | 46,691,000 | 49,817,000 | 47,092,000 | 39,991,000 | 33,536,000 | 32,431,000 | 29,010,000 | 41,562,000 | 31,095,000 | 30,223,000 | 22,447,000 | 24,152,000 | 25,795,000 | 21,698,000 | 22,937,000 | 26,667,000 | 21,987,000 | 23,427,000 | 19,292,000 | 18,986,000 | 21,027,000 | 20,230,000 | 26,036,000 | 22,906,000 | 18,983,000 | 13,578,000 | 19,722,000 | 20,909,000 | 19,348,000 | 18,521,000 | 19,266,000 | 15,331,000 | 12,512,000 | 10,558,000 |
deferred revenues, current | 144,325,000 | 180,524,000 | 111,493,000 | 129,040,000 | 167,771,000 | 237,225,000 | 129,556,000 | 123,577,000 | 119,821,000 | 118,300,000 | 114,031,000 | 109,176,000 | 99,819,000 | 90,747,000 | 79,609,000 | 74,067,000 | 68,693,000 | 62,670,000 | 59,232,000 | 55,084,000 | 49,118,000 | 47,665,000 | 41,738,000 | 40,256,000 | 39,022,000 | 81,783,000 | 34,295,000 | 33,577,000 | 32,916,000 | 33,119,000 | 32,015,000 | 34,954,000 | 37,408,000 | 9,014,000 | 8,142,000 | 7,200,000 | 5,942,000 | 5,844,000 | 5,575,000 | 3,834,000 | 3,943,000 | ||||||||||||||||
warranty obligations, current | 28,412,000 | 29,038,000 | 31,473,000 | 33,136,000 | 33,298,000 | 34,656,000 | 35,755,000 | 30,261,000 | 30,868,000 | 36,066,000 | 40,750,000 | 36,686,000 | 34,513,000 | 35,556,000 | 32,350,000 | 29,197,000 | 23,960,000 | 19,395,000 | 16,728,000 | 15,009,000 | 14,303,000 | 11,260,000 | 10,760,000 | 10,170,000 | 9,678,000 | 10,078,000 | 8,757,000 | 7,468,000 | 8,083,000 | 9,117,000 | 8,275,000 | 7,699,000 | 7,151,000 | 8,032,000 | 8,376,000 | 6,761,000 | 6,726,000 | 6,651,000 | 6,612,000 | 7,251,000 | |||||||||||||||||
debt, current | 632,183,000 | 631,681,000 | 631,179,000 | 630,677,000 | 101,291,000 | 99,931,000 | 98,592,000 | 97,264,000 | 94,665,000 | 93,383,000 | 92,115,000 | 90,892,000 | 89,654,000 | 88,429,000 | 87,219,000 | 86,052,000 | 86,039,000 | 85,125,000 | 84,356,000 | 325,967,000 | 103,670,000 | 102,271,000 | 100,567,000 | 2,884,000 | 3,084,000 | 3,043,000 | 2,985,000 | 28,155,000 | 24,125,000 | 18,429,000 | 14,268,000 | 17,429,000 | |||||||||||||||||||||||||
total current liabilities | 481,783,000 | 1,262,150,000 | 1,171,144,000 | 1,162,589,000 | 1,159,289,000 | 660,091,000 | 567,478,000 | 529,632,000 | 554,095,000 | 532,449,000 | 774,387,000 | 743,605,000 | 729,289,000 | 638,219,000 | 550,236,000 | 480,010,000 | 453,756,000 | 439,796,000 | 393,455,000 | 356,593,000 | 344,473,000 | 534,043,000 | 256,519,000 | 223,523,000 | 233,622,000 | 199,311,000 | 146,819,000 | 143,613,000 | 128,746,000 | 147,161,000 | 134,922,000 | 114,648,000 | 103,685,000 | 91,741,000 | 85,489,000 | 63,345,000 | 54,629,000 | 82,772,000 | 85,568,000 | 84,617,000 | 79,946,000 | 72,848,000 | 79,139,000 | 83,688,000 | 62,292,000 | 58,706,000 | 57,953,000 | 51,956,000 | 34,095,000 | 33,365,000 | 42,424,000 | 33,983,000 | 31,086,000 | 33,855,000 | 38,141,000 | 45,166,000 | 58,155,000 |
long-term liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenues, non-current | 326,231,000 | 337,923,000 | 345,710,000 | 331,531,000 | 333,704,000 | 341,982,000 | 354,210,000 | 353,199,000 | 359,300,000 | 369,172,000 | 366,032,000 | 354,296,000 | 322,487,000 | 281,613,000 | 239,971,000 | 217,095,000 | 202,711,000 | 187,186,000 | 29,941,000 | 33,893,000 | 25,115,000 | ||||||||||||||||||||||||||||||||||||
warranty obligations, non-current | 175,795,000 | 185,005,000 | 178,668,000 | 172,950,000 | 170,149,000 | 158,233,000 | 148,477,000 | 146,918,000 | 146,296,000 | 153,021,000 | 148,116,000 | 144,029,000 | 111,521,000 | 95,890,000 | 73,530,000 | 67,354,000 | 59,619,000 | 53,982,000 | 22,389,000 | 22,818,000 | 23,475,000 | ||||||||||||||||||||||||||||||||||||
other liabilities | 65,252,000 | 65,497,000 | 58,077,000 | 59,542,000 | 61,032,000 | 55,265,000 | 62,392,000 | 52,872,000 | 51,962,000 | 51,008,000 | 53,762,000 | 50,251,000 | 47,187,000 | 43,520,000 | 25,418,000 | 23,864,000 | 19,259,000 | 16,530,000 | 20,617,000 | 20,075,000 | 15,777,000 | 17,042,000 | 14,387,000 | 12,340,000 | 13,077,000 | 11,817,000 | 11,970,000 | 12,930,000 | 9,466,000 | 3,250,000 | 2,393,000 | 1,970,000 | 1,934,000 | 2,808,000 | 1,969,000 | 1,905,000 | 2,408,000 | 2,352,000 | 2,283,000 | 1,963,000 | 1,885,000 | 2,387,000 | 3,589,000 | 1,439,000 | 1,357,000 | 1,272,000 | 1,154,000 | 435,000 | 394,000 | 352,000 | 307,000 | 272,000 | 142,000 | 52,000 | |||
debt, non-current | 572,510,000 | 572,194,000 | 571,867,000 | 571,540,000 | 571,214,000 | 1,201,089,000 | 1,200,261,000 | 1,199,432,000 | 1,198,604,000 | 1,293,738,000 | 1,196,947,000 | 1,201,114,000 | 1,200,276,000 | 1,199,465,000 | 1,198,627,000 | 1,197,786,000 | 1,196,950,000 | 951,594,000 | |||||||||||||||||||||||||||||||||||||||
total liabilities | 1,621,571,000 | 2,422,769,000 | 2,325,466,000 | 2,298,152,000 | 2,295,388,000 | 2,416,660,000 | 2,332,818,000 | 2,282,053,000 | 2,310,257,000 | 2,399,388,000 | 2,539,244,000 | 2,493,295,000 | 2,410,760,000 | 2,258,707,000 | 2,087,782,000 | 1,986,109,000 | 1,932,295,000 | 1,649,088,000 | 1,582,349,000 | 1,516,257,000 | 1,461,358,000 | 716,109,000 | 676,134,000 | 627,751,000 | 714,580,000 | 441,011,000 | 371,380,000 | 364,247,000 | 305,128,000 | 332,161,000 | 322,354,000 | 248,651,000 | 243,269,000 | 178,273,000 | 184,883,000 | 166,062,000 | 160,036,000 | 162,276,000 | 166,199,000 | 140,052,000 | 132,960,000 | 124,079,000 | 129,997,000 | 132,550,000 | 109,509,000 | 105,240,000 | 102,262,000 | 94,929,000 | 76,722,000 | 76,463,000 | 79,977,000 | 69,001,000 | 64,956,000 | 65,636,000 | 61,571,000 | 66,406,000 | 98,827,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.00001 par value... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||||||||
additional paid-in capital | 1,319,469,000 | 1,289,164,000 | 1,234,287,000 | 1,184,497,000 | 1,128,163,000 | 1,084,573,000 | 1,033,036,000 | 993,368,000 | 941,315,000 | 939,338,000 | 899,107,000 | 858,039,000 | 812,618,000 | 819,119,000 | 762,012,000 | 713,473,000 | 666,511,000 | 837,924,000 | 806,294,000 | 762,611,000 | 751,688,000 | 534,744,000 | 540,738,000 | 534,867,000 | 433,542,000 | 458,315,000 | 453,566,000 | 449,802,000 | 357,023,000 | 353,335,000 | 351,173,000 | 313,778,000 | 309,019,000 | 287,256,000 | 285,449,000 | 283,717,000 | 281,941,000 | 252,126,000 | 247,829,000 | 231,248,000 | 227,832,000 | 224,732,000 | 220,467,000 | 217,062,000 | 211,687,000 | 208,022,000 | 203,911,000 | 199,124,000 | 195,383,000 | 192,916,000 | 190,265,000 | 188,082,000 | 185,667,000 | 183,629,000 | 181,814,000 | 180,360,000 | 9,833,000 |
accumulated deficit | -211,302,000 | -203,896,000 | -242,583,000 | -309,221,000 | -315,856,000 | -136,418,000 | -251,230,000 | -328,206,000 | -405,737,000 | -158,328,000 | -180,137,000 | -19,488,000 | -51,186,000 | -124,177,000 | -163,539,000 | -116,245,000 | -185,181,000 | -301,847,000 | -332,946,000 | -343,563,000 | -346,302,000 | -347,011,000 | -343,541,000 | -339,803,000 | -295,727,000 | -292,787,000 | -285,933,000 | -273,840,000 | -250,535,000 | -237,347,000 | -218,591,000 | -201,868,000 | -183,073,000 | -167,290,000 | -167,914,000 | -167,311,000 | -160,991,000 | -161,393,000 | -162,206,000 | -159,175,000 | -152,939,000 | -150,129,000 | -143,828,000 | -137,432,000 | -127,026,000 | -119,284,000 | -110,377,000 | -98,992,000 | |||||||||
accumulated other comprehensive income | -5,816,000 | 1,754,000 | 3,317,000 | 5,360,000 | 3,263,000 | -2,020,000 | -152,000 | 1,924,000 | 640,000 | 434,000 | -923,000 | 569,000 | 414,000 | 663,000 | 742,000 | -79,000 | -56,000 | 236,000 | 230,000 | 229,000 | 197,000 | 93,000 | -126,000 | 52,000 | -2,000 | 100,000 | 111,000 | ||||||||||||||||||||||||||||||
total stockholders’ equity | 1,102,352,000 | 1,087,023,000 | 995,022,000 | 880,637,000 | 810,698,000 | 833,016,000 | 931,373,000 | 884,523,000 | 922,723,000 | 983,624,000 | 1,014,698,000 | 972,587,000 | 970,093,000 | 825,573,000 | 610,053,000 | 450,999,000 | 330,982,000 | 430,168,000 | 647,815,000 | 584,399,000 | 732,841,000 | 483,993,000 | 416,206,000 | 370,176,000 | 316,207,000 | 272,212,000 | 152,289,000 | 117,271,000 | 14,124,000 | 7,776,000 | 4,156,000 | -2,384,000 | 7,471,000 | 1,300,000 | 10,229,000 | 12,457,000 | 25,560,000 | 41,449,000 | 52,966,000 | 48,748,000 | 43,981,000 | 46,952,000 | 42,462,000 | 37,154,000 | 36,438,000 | 40,206,000 | 40,333,000 | 44,347,000 | 48,109,000 | 56,655,000 | 62,528,000 | 70,083,000 | 4,548,000 | ||||
total liabilities and stockholders’ equity | 2,723,923,000 | 3,509,792,000 | 3,320,488,000 | 3,178,789,000 | 3,106,086,000 | 3,249,676,000 | 3,264,191,000 | 3,166,576,000 | 3,232,980,000 | 3,383,012,000 | 3,553,942,000 | 3,465,882,000 | 3,380,853,000 | 3,084,280,000 | 2,697,835,000 | 2,437,108,000 | 2,263,277,000 | 2,079,256,000 | 2,230,164,000 | 2,100,656,000 | 2,194,199,000 | 1,200,102,000 | 1,092,340,000 | 997,927,000 | 1,030,787,000 | 713,223,000 | 523,669,000 | 481,518,000 | 319,252,000 | 339,937,000 | 326,510,000 | 218,536,000 | 212,118,000 | 163,678,000 | 167,507,000 | 163,576,000 | 176,428,000 | 152,509,000 | 158,520,000 | 165,528,000 | 182,963,000 | 181,298,000 | 153,490,000 | 152,192,000 | 144,724,000 | 132,083,000 | 113,160,000 | 116,669,000 | 120,310,000 | 113,348,000 | 113,065,000 | 122,291,000 | 124,099,000 | 136,489,000 | 103,375,000 | ||
restricted cash | 65,013,000 | 95,006,000 | 44,700,000 | 44,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -1,610,000 | -6,352,000 | -7,951,000 | -6,773,000 | -1,988,000 | -9,762,000 | -6,852,000 | -6,734,000 | -10,882,000 | -15,542,000 | -11,245,000 | -7,324,000 | -356,000 | -1,153,000 | -1,091,000 | -7,000 | -353,000 | -368,000 | -656,000 | -465,000 | -169,000 | -631,000 | -292,000 | -254,000 | -200,000 | -404,000 | -210,000 | -211,000 | -400,000 | -395,000 | |||||||||||||||||||||||||||
operating lease, right of use asset | 24,617,000 | 28,120,000 | 19,394,000 | 19,875,000 | 19,887,000 | 21,164,000 | 22,954,000 | 21,647,000 | 21,379,000 | 18,128,000 | 16,987,000 | 19,442,000 | 14,420,000 | 15,185,000 | 15,693,000 | 16,688,000 | 17,683,000 | 14,487,000 | 11,462,000 | 11,986,000 | 10,117,000 | 11,407,000 | 12,304,000 | 7,963,000 | |||||||||||||||||||||||||||||||||
accumulated earnings | -245,206,000 | -104,927,000 | -100,895,000 | -11,820,000 | 46,273,000 | 125,352,000 | 189,539,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 203,195,000 | 141,702,000 | 100,721,000 | 88,930,000 | 80,346,000 | 73,880,000 | 67,567,000 | 60,824,000 | 51,270,000 | 45,474,000 | 40,566,000 | 37,784,000 | 35,541,000 | 34,748,000 | 31,386,000 | 29,756,000 | 28,521,000 | 29,257,000 | 27,752,000 | 26,079,000 | 24,551,000 | 26,261,000 | 22,669,000 | 20,860,000 | 21,631,000 | 20,741,000 | 20,435,000 | 13,254,000 | 13,307,000 | 10,133,000 | 7,187,000 | 7,925,000 | 7,237,000 | 7,080,000 | 8,076,000 | 7,087,000 | |||||||||||||||||||||
treasury stock | -68,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated equity | 164,208,000 | 17,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenues, noncurrent | 177,249,000 | 165,645,000 | 142,985,000 | 125,473,000 | 115,757,000 | 110,977,000 | 106,205,000 | 100,204,000 | 85,746,000 | 82,288,000 | 78,393,000 | 76,911,000 | 74,065,000 | 75,107,000 | 78,265,000 | 36,327,000 | 35,782,000 | 34,499,000 | 31,827,000 | 29,743,000 | 27,723,000 | 22,701,000 | 20,465,000 | 18,217,000 | 16,612,000 | 15,339,000 | 13,398,000 | 12,064,000 | |||||||||||||||||||||||||||||
warranty obligations, noncurrent | 50,784,000 | 44,929,000 | 40,250,000 | 34,653,000 | 33,019,000 | 27,737,000 | 27,823,000 | 27,020,000 | 25,867,000 | 25,526,000 | 23,117,000 | 23,211,000 | 23,067,000 | 23,367,000 | 22,926,000 | 23,201,000 | 23,581,000 | 23,619,000 | 23,588,000 | 23,340,000 | 23,008,000 | 26,194,000 | 26,512,000 | 26,613,000 | 26,333,000 | 24,558,000 | 24,492,000 | 24,834,000 | |||||||||||||||||||||||||||||
debt, noncurrent | 940,244,000 | 929,015,000 | 917,873,000 | 4,898,000 | 256,452,000 | 253,174,000 | 295,216,000 | 102,659,000 | 100,978,000 | 99,890,000 | 65,406,000 | 81,628,000 | 87,907,000 | 33,559,000 | 36,459,000 | ||||||||||||||||||||||||||||||||||||||||||
convertible notes hedge | 47,885,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrants liability | 38,637,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingent liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.00001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warranty obligations | 7,925,000 | 25,490,000 | 20,932,000 | 18,790,000 | 17,094,000 | 15,260,000 | 11,904,000 | 9,192,000 | 7,877,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangibles | 363,000 | 439,000 | 515,000 | 591,000 | 668,000 | 806,000 | 945,000 | 1,669,000 | 1,852,000 | 2,036,000 | 2,220,000 | 1,489,000 | 1,596,000 | 1,704,000 | 1,811,000 | ||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -30,115,000 | -31,151,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other | 9,957,000 | 7,121,000 | 6,417,000 | 6,155,000 | 5,194,000 | 5,588,000 | 4,283,000 | 3,655,000 | 3,153,000 | 2,708,000 | 2,492,000 | 2,118,000 | 2,030,000 | 2,581,000 | 2,308,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred revenues | 15,691,000 | 6,411,000 | 3,915,000 | 3,558,000 | 2,747,000 | 2,418,000 | 2,182,000 | 1,900,000 | 2,773,000 | 2,980,000 | 1,258,000 | 1,068,000 | 933,000 | 769,000 | 615,000 | 16,587,000 | |||||||||||||||||||||||||||||||||||||||||
warranty obligations, current portion | 7,427,000 | 8,596,000 | 7,072,000 | 7,550,000 | 7,607,000 | 7,749,000 | 8,477,000 | 5,894,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility | 10,100,000 | 12,450,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 1,880,000 | 2,025,000 | 2,641,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt, less current portion | 32,322,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ (deficit) equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ (deficit) equity | -9,126,000 | -7,802,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ (deficit) equity | 169,147,000 | 177,081,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of term loan | 10,552,000 | 5,951,000 | 1,497,000 | 3,032,000 | 1,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan, less current portion | 37,058,000 | 41,385,000 | 45,384,000 | 20,768,000 | 22,808,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under revolving credit facility | 12,450,000 | 20,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of term loans | 3,507,000 | 3,432,000 | 3,365,000 | 2,440,000 | 2,384,000 | 6,844,000 | 6,488,000 | 5,437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
term loans, noncurrent | 2,973,000 | 3,726,000 | 4,457,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total long-term liabilities | 46,534,000 | 43,098,000 | 31,781,000 | 23,430,000 | 21,240,000 | 40,672,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
term loans, current portion | 2,888,000 | 2,805,000 | 3,370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loans | 5,170,000 | 5,861,000 | 6,531,000 | 8,046,000 | 8,677,000 | 5,103,000 | 6,839,000 | 8,619,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock warrant liability | 776,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes | 19,819,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.00001 par value... | 93,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment to supplier | 5,000,000 |
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 | 2017-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -7,406,000 | 38,713,000 | 66,638,000 | 37,052,000 | 29,730,000 | 62,160,000 | 45,762,000 | 10,833,000 | -16,097,000 | 20,919,000 | 113,953,000 | 157,191,000 | 146,873,000 | 153,753,000 | 114,812,000 | 76,976,000 | 51,821,000 | 52,591,000 | 21,809,000 | 39,351,000 | 31,698,000 | 72,991,000 | 39,362,000 | -47,294,000 | 68,936,000 | 116,666,000 | 31,099,000 | 10,618,000 | 2,765,000 | ||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 20,815,000 | 20,427,000 | 20,218,000 | 20,085,000 | 19,915,000 | 20,665,000 | 20,103,000 | 20,484,000 | 20,137,000 | 20,841,000 | 19,448,000 | 17,828,000 | 16,591,000 | 16,009,000 | 11,961,000 | 15,247,000 | 15,558,000 | 10,972,000 | 8,313,000 | 7,596,000 | 5,558,000 | 5,353,000 | 4,765,000 | 4,141,000 | 3,844,000 | 2,568,000 | 3,857,000 | 4,122,000 | 3,572,000 | 2,717,000 | 2,481,000 | 2,193,000 | 2,276,000 | 2,241,000 | 2,180,000 | 2,255,000 | 2,328,000 | 2,599,000 | 2,651,000 | 2,708,000 | 2,680,000 | 2,835,000 | 2,650,000 | 2,522,000 | 2,532,000 | 2,255,000 | 2,102,000 | 1,992,000 | 1,910,000 | 1,859,000 | 1,753,000 | 1,709,000 | 1,660,000 | 1,630,000 | 1,487,000 | 1,366,000 | 1,085,000 |
discount from sale of amptc generated during 2025 | 16,450,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of investments purchased at a premium | 5,108,000 | -466,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for credit losses | 51,000 | -30,000 | 130,000 | 62,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment | 79,000 | 1,549,000 | 0 | 1,538,000 | 27,000 | 4,702,000 | 17,568,000 | 6,241,000 | 332,000 | 9,700,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense | 633,000 | 828,000 | 829,000 | 828,000 | 1,679,000 | 2,188,000 | 2,173,000 | 2,157,000 | 2,132,000 | 2,126,000 | 2,114,000 | 2,106,000 | 2,034,000 | 2,077,000 | 2,065,000 | 2,046,000 | 1,979,000 | 12,494,000 | 12,430,000 | 12,307,000 | 7,156,000 | 5,309,000 | 5,422,000 | 5,372,000 | 2,722,000 | 1,908,000 | 1,907,000 | 28,000 | 28,000 | 43,000 | 40,000 | 41,000 | 39,000 | 227,000 | 65,000 | 89,000 | 102,000 | 107,000 | 107,000 | 107,000 | 108,000 | 808,000 | 66,000 | ||||||||||||||
change in fair value of debt securities | 82,000 | -1,744,000 | -345,000 | -519,000 | -987,000 | 1,116,000 | 111,000 | -784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 48,991,000 | 53,092,000 | 51,469,000 | 53,896,000 | 55,633,000 | 51,830,000 | 45,940,000 | 52,757,000 | 60,833,000 | 55,222,000 | 43,814,000 | 54,166,000 | 59,655,000 | 63,645,000 | 52,296,000 | 53,064,000 | 47,797,000 | 37,176,000 | 46,954,000 | 15,312,000 | 14,844,000 | 8,289,000 | 14,399,000 | 12,300,000 | 7,515,000 | 6,176,000 | 5,776,000 | 4,934,000 | 3,290,000 | 1,521,000 | 4,051,000 | 4,289,000 | 1,571,000 | 1,450,000 | 1,727,000 | 1,621,000 | 1,929,000 | 2,087,000 | 2,532,000 | 2,708,000 | 2,999,000 | 3,117,000 | 3,283,000 | 3,308,000 | 2,988,000 | 2,703,000 | 2,530,000 | 2,494,000 | 2,013,000 | 1,894,000 | 2,045,000 | 1,475,000 | 1,435,000 | 1,607,000 | 1,451,000 | 1,002,000 | 706,000 |
deferred income taxes | -3,127,000 | -1,054,000 | -1,826,000 | 403,000 | 8,560,000 | -30,675,000 | -5,276,000 | -14,076,000 | -8,292,000 | -5,053,000 | -11,499,000 | -10,615,000 | -16,181,000 | -12,099,000 | 115,000 | 12,452,000 | 3,165,000 | -2,451,000 | 1,337,000 | 5,240,000 | -35,367,000 | -2,610,000 | 5,060,000 | -7,067,000 | -12,500,000 | ||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 41,555,000 | 51,379,000 | -57,980,000 | 8,681,000 | 1,760,000 | 2,684,000 | 49,414,000 | 82,183,000 | 77,359,000 | 105,771,000 | -34,752,000 | -3,968,000 | -79,529,000 | -88,876,000 | -46,226,000 | 51,770,000 | -24,224,000 | -58,091,000 | 5,462,000 | -44,812,000 | -53,719,000 | -57,854,000 | -32,633,000 | 6,529,000 | 49,637,000 | -12,606,000 | -37,035,000 | -15,838,000 | -3,266,000 | -24,186,000 | 4,774,000 | -3,228,000 | 9,125,000 | 3,958,000 | -12,671,000 | -8,065,000 | 11,975,000 | -1,440,000 | -12,372,000 | -2,711,000 | -1,494,000 | 28,065,000 | -8,252,000 | -21,544,000 | -751,000 | 4,151,000 | -2,733,000 | -18,772,000 | 3,608,000 | 2,647,000 | -3,277,000 | -7,224,000 | 2,835,000 | 3,983,000 | -22,833,000 | 3,486,000 | 4,324,000 |
inventory | -2,654,000 | -99,395,000 | -15,636,000 | -28,991,000 | 20,979,000 | -6,167,000 | 17,231,000 | 31,825,000 | 5,702,000 | -39,481,000 | -8,003,000 | -15,548,000 | -855,000 | -3,222,000 | -16,185,000 | -33,830,000 | -22,036,000 | -5,618,000 | -27,648,000 | -2,880,000 | 6,888,000 | -4,229,000 | -6,349,000 | 3,430,000 | -2,560,000 | -1,825,000 | -10,137,000 | -7,123,000 | 3,296,000 | 1,620,000 | -416,000 | 1,071,000 | 7,457,000 | -683,000 | -4,477,000 | 12,969,000 | -1,848,000 | 7,141,000 | 194,000 | 6,281,000 | -4,776,000 | -4,083,000 | -2,663,000 | 692,000 | -13,156,000 | -6,102,000 | 236,000 | -1,611,000 | 2,467,000 | 7,812,000 | -6,486,000 | 4,403,000 | -2,466,000 | -3,193,000 | 14,316,000 | -5,305,000 | -14,433,000 |
prepaid expenses and other assets | 155,340,000 | -100,414,000 | -78,330,000 | -64,261,000 | -75,553,000 | -16,487,000 | -64,149,000 | -42,810,000 | -10,897,000 | -2,401,000 | -15,383,000 | -20,536,000 | -21,457,000 | -47,597,000 | 526,000 | -18,310,000 | -3,042,000 | -8,123,000 | -3,568,000 | -10,154,000 | -5,040,000 | -4,185,000 | -917,000 | -4,525,000 | -5,009,000 | -5,659,000 | 934,000 | -7,155,000 | -2,413,000 | 865,000 | -2,444,000 | -512,000 | -1,039,000 | 3,883,000 | 228,000 | -2,224,000 | -3,114,000 | -902,000 | -160,000 | -1,635,000 | -2,062,000 | -273,000 | -931,000 | -2,008,000 | -2,069,000 | -680,000 | 405,000 | -1,295,000 | -977,000 | -481,000 | -443,000 | -171,000 | -355,000 | -263,000 | 869,000 | -404,000 | -913,000 |
accounts payable, accrued and other liabilities | -118,126,000 | 22,205,000 | 25,494,000 | 37,212,000 | 54,232,000 | -27,396,000 | 32,088,000 | -23,944,000 | -66,284,000 | -139,277,000 | 9,903,000 | 24,685,000 | 82,540,000 | 91,128,000 | 32,060,000 | 12,033,000 | -1,805,000 | 45,396,000 | 24,897,000 | 10,514,000 | 36,376,000 | 44,895,000 | 26,189,000 | -13,323,000 | -22,066,000 | 3,544,000 | 1,851,000 | 11,954,000 | 4,851,000 | 18,410,000 | 8,489,000 | 7,850,000 | -11,667,000 | -8,129,000 | 17,158,000 | 3,351,000 | -17,458,000 | -5,970,000 | -471,000 | 13,109,000 | 2,229,000 | -7,624,000 | -1,708,000 | 4,407,000 | 2,305,000 | 2,687,000 | 8,681,000 | 3,933,000 | -759,000 | 3,231,000 | -3,176,000 | 5,497,000 | 11,222,000 | ||||
warranty obligations | -9,836,000 | 3,902,000 | 4,055,000 | 2,639,000 | 10,558,000 | 8,657,000 | 7,053,000 | 15,000 | -11,923,000 | 221,000 | 8,151,000 | 34,681,000 | 14,588,000 | 25,566,000 | 9,329,000 | 12,972,000 | 9,906,000 | 5,417,000 | 7,574,000 | 5,385,000 | 8,640,000 | 2,134,000 | 5,872,000 | 406,000 | 403,000 | 2,474,000 | 1,631,000 | 1,951,000 | -252,000 | -890,000 | 542,000 | 1,017,000 | 809,000 | -536,000 | -1,261,000 | -381,000 | 580,000 | 1,065,000 | 283,000 | 407,000 | -888,000 | -2,259,000 | -957,000 | -400,000 | 223,000 | 1,633,000 | -662,000 | 2,241,000 | 296,000 | ||||||||
deferred revenues | -45,084,000 | 61,133,000 | -3,392,000 | -50,813,000 | -82,357,000 | 104,112,000 | 1,690,000 | -1,401,000 | -5,554,000 | 12,611,000 | 13,369,000 | 40,715,000 | 51,085,000 | 58,331,000 | 25,764,000 | 16,033,000 | 22,061,000 | 13,859,000 | 16,399,000 | 28,469,000 | 19,440,000 | 14,011,000 | 6,262,000 | 5,689,000 | -36,460,000 | 61,467,000 | 4,877,000 | 4,326,000 | 1,578,000 | 4,157,000 | -3,489,000 | -5,611,000 | -1,180,000 | 292,000 | 1,416,000 | 2,225,000 | 1,395,000 | 2,535,000 | 2,182,000 | 2,289,000 | 4,268,000 | 2,495,000 | 2,127,000 | 2,633,000 | 2,416,000 | 1,602,000 | 2,177,000 | 1,616,000 | -93,000 | 752,000 | 2,744,000 | 1,115,000 | 976,000 | 1,550,000 | 1,238,000 | -15,210,000 | -6,192,000 |
net cash from operating activities | 102,871,000 | 47,579,000 | 13,918,000 | 26,629,000 | 48,414,000 | 167,292,000 | 170,138,000 | 127,062,000 | 49,201,000 | 35,450,000 | 145,855,000 | 269,243,000 | 246,232,000 | 253,714,000 | 188,010,000 | 200,650,000 | 102,443,000 | 97,173,000 | 113,354,000 | 65,660,000 | 75,841,000 | 84,180,000 | 67,501,000 | 25,431,000 | 39,222,000 | 102,271,000 | 4,961,000 | 14,772,000 | 17,063,000 | 1,875,000 | 6,816,000 | 4,080,000 | 3,361,000 | -1,914,000 | -2,203,000 | 186,000 | -24,511,000 | -4,365,000 | -20,597,000 | 7,258,000 | -15,249,000 | 8,149,000 | -6,038,000 | -11,773,000 | -11,498,000 | 8,880,000 | 11,208,000 | -147,000 | 4,281,000 | 7,579,000 | -489,000 | -990,000 | -6,972,000 | 7,629,000 | -20,429,000 | -17,774,000 | -14,071,000 |
capital expenditures | 884,000 | -7,640,000 | -7,906,000 | -9,546,000 | -8,064,000 | -7,819,000 | -12,526,000 | 527,000 | -20,075,000 | -15,975,000 | -45,506,000 | -16,429,000 | -6,365,000 | -10,260,000 | -7,275,000 | -13,208,000 | -12,682,000 | -16,428,000 | -9,940,000 | -8,851,000 | -3,903,000 | -4,451,000 | -3,353,000 | -7,420,000 | -4,192,000 | -2,518,000 | -658,000 | -1,767,000 | -909,000 | -432,000 | -1,043,000 | -512,000 | -94,000 | -49,000 | -3,466,000 | -2,560,000 | -2,097,000 | -4,162,000 | -3,348,000 | -2,843,000 | -4,449,000 | -2,307,000 | -2,342,000 | -2,864,000 | -4,887,000 | -1,983,000 | -1,675,000 | -836,000 | -1,422,000 | -1,970,000 | -1,192,000 | -1,576,000 | -4,321,000 | -3,424,000 | -2,897,000 | ||
free cash flows | 48,463,000 | 6,278,000 | 18,723,000 | 38,868,000 | 159,228,000 | 162,319,000 | 114,536,000 | 49,728,000 | 15,375,000 | 129,880,000 | 223,737,000 | 237,285,000 | 181,645,000 | 190,390,000 | 95,168,000 | 83,965,000 | 100,672,000 | 49,232,000 | 65,901,000 | 75,329,000 | 63,598,000 | 20,980,000 | 35,869,000 | 94,851,000 | 769,000 | 12,254,000 | 16,405,000 | 108,000 | 5,907,000 | 3,648,000 | 2,318,000 | -2,426,000 | -2,297,000 | 137,000 | -27,977,000 | -6,925,000 | -22,694,000 | 3,096,000 | -18,597,000 | 5,306,000 | -10,487,000 | -14,080,000 | -13,840,000 | 6,016,000 | 6,321,000 | -2,130,000 | 2,606,000 | 6,743,000 | -1,911,000 | -2,960,000 | -8,164,000 | 6,053,000 | -24,750,000 | -21,198,000 | -16,968,000 | ||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of marketable securities | -143,405,000 | -116,236,000 | -284,306,000 | -200,826,000 | -93,138,000 | -319,190,000 | -300,053,000 | -472,268,000 | -337,757,000 | -470,766,000 | -577,521,000 | -695,387,000 | -335,193,000 | -512,176,000 | -389,466,000 | ||||||||||||||||||||||||||||||||||||||||||
maturities and sales of marketable securities | 597,281,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -19,898,000 | -9,740,000 | -8,032,000 | -8,259,000 | -14,608,000 | -8,064,000 | -8,533,000 | -9,636,000 | -7,371,000 | -20,075,000 | -23,848,000 | -44,002,000 | -22,476,000 | -16,429,000 | -8,948,000 | -8,691,000 | -12,375,000 | -13,208,000 | -12,682,000 | -16,428,000 | -9,940,000 | -8,851,000 | -3,903,000 | -4,451,000 | -3,353,000 | -7,420,000 | -4,192,000 | -2,518,000 | -658,000 | -1,767,000 | -909,000 | -432,000 | -1,043,000 | -512,000 | -94,000 | -49,000 | -3,466,000 | -2,560,000 | -2,097,000 | -4,162,000 | -3,348,000 | -2,843,000 | -3,422,000 | -2,649,000 | -3,611,000 | -3,413,000 | -5,503,000 | -2,161,000 | -2,172,000 | -1,371,000 | -1,419,000 | -1,785,000 | -1,682,000 | -1,936,000 | -3,041,000 | -3,408,000 | -4,605,000 |
issuance of loan receivables | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in tax equity fund | 0 | -1,408,000 | -1,440,000 | -6,904,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 576,383,000 | 23,512,000 | 21,405,000 | -51,185,000 | 113,060,000 | 250,641,000 | -112,482,000 | -27,626,000 | 17,734,000 | 76,037,000 | -14,810,000 | -64,052,000 | -363,530,000 | -118,131,000 | -338,001,000 | 44,491,000 | 39,735,000 | -556,518,000 | -536,422,000 | -36,428,000 | -90,179,000 | -13,861,000 | -3,903,000 | -4,451,000 | -3,353,000 | -7,420,000 | -4,192,000 | -2,518,000 | -658,000 | -7,767,000 | -9,909,000 | -432,000 | -1,043,000 | -512,000 | -94,000 | -49,000 | -3,466,000 | -1,510,000 | -2,097,000 | -4,840,000 | -3,348,000 | -2,780,000 | -3,422,000 | -2,649,000 | -3,611,000 | -6,698,000 | -5,503,000 | -2,161,000 | -2,172,000 | -1,371,000 | -1,419,000 | -1,785,000 | -1,682,000 | -1,936,000 | -3,041,000 | -3,408,000 | -4,605,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of notes due 2026 | -632,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of notes due 2025 | 0 | 0 | 0 | -102,168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuances of common stock under employee equity plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of withholding taxes related to net share settlement of equity awards | -18,686,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -651,186,000 | 1,785,000 | -1,679,000 | -27,555,000 | -214,175,000 | -202,732,000 | -56,071,000 | -100,612,000 | -100,854,000 | -114,989,000 | -117,746,000 | -212,234,000 | -71,805,000 | -3,010,000 | -3,896,000 | -1,280,000 | -8,940,000 | -306,232,000 | -3,271,000 | -205,757,000 | 824,671,000 | -53,635,000 | -9,164,000 | -7,594,000 | 262,071,000 | -1,966,000 | -3,140,000 | 115,378,000 | -44,422,000 | -3,996,000 | 60,866,000 | 2,014,000 | 21,730,000 | 2,558,000 | 4,000 | 149,000 | 40,586,000 | -265,000 | 38,540,000 | -6,946,000 | 3,046,000 | 698,000 | 122,000 | 19,067,000 | 677,000 | -4,453,000 | 1,587,000 | -64,000 | -412,000 | 125,000 | -481,000 | 326,000 | -28,000 | -2,170,000 | -1,680,000 | 56,259,000 | -973,000 |
effect of exchange rate changes on cash, cash equivalents and restricted cash | -4,840,000 | -438,000 | -2,300,000 | 7,557,000 | 3,675,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 23,228,000 | -766,230,000 | -426,715,000 | -176,749,000 | 809,631,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — beginning of period | 474,318,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — end of period | 497,546,000 | 72,438,000 | 31,344,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment through tenant improvement allowance | 0 | 0 | 0 | 855,000 | 0 | 0 | 748,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable | 12,044,000 | 10,624,000 | 392,000 | 353,000 | 4,207,000 | 714,000 | -2,890,000 | 7,898,000 | 7,873,000 | -1,504,000 | 9,814,000 | 2,583,000 | -1,569,000 | 4,352,000 | -1,027,000 | 342,000 | 1,269,000 | 549,000 | 616,000 | 178,000 | 497,000 | 535,000 | -3,000 | -185,000 | 490,000 | 360,000 | -1,280,000 | -16,000 | 1,708,000 | ||||||||||||||||||||||||||||
provision for (recovery of) credit losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from lease termination | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in debt securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in equity of private company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuances of loan receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of excise tax on net stock repurchases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 549,144,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 44,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosure: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 322,000 | 354,000 | 327,000 | 388,000 | 431,000 | 346,000 | 390,000 | 514,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from change in fair value of debt securities | 3,174,000 | 741,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities and sale of marketable securities | 201,881,000 | 242,820,000 | 335,398,000 | 351,843,000 | 215,241,000 | 282,063,000 | 497,373,000 | 433,869,000 | 494,804,000 | 557,471,000 | 354,333,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock under employee equity plans | 0 | 5,302,000 | 67,000 | 4,719,000 | 14,000 | 6,769,000 | 1,186,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
payment of withholding taxes related to net share settlement of equity awards | -1,679,000 | -2,864,000 | -12,110,000 | -5,012,000 | -6,286,000 | -7,473,000 | -60,042,000 | -27,546,000 | -8,465,000 | -12,790,000 | -71,845,000 | -8,100,000 | -4,589,000 | -5,463,000 | -9,344,000 | -8,825,000 | -3,313,000 | -7,813,000 | -9,185,000 | -16,288,000 | -8,390,000 | -9,385,000 | -34,267,000 | -3,760,000 | |||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | -29,993,000 | -99,964,000 | -199,666,000 | -49,794,000 | -99,908,000 | -41,996,000 | -99,998,000 | -110,000,000 | -300,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | 31,344,000 | -44,554,000 | -49,026,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premium on marketable securities | -1,234,000 | 3,512,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain from change in fair value of debt securities | -323,000 | -942,000 | -2,670,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash—beginning of period | 464,116,000 | 0 | 0 | 0 | 679,379,000 | 0 | 0 | 0 | 296,109,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash—end of period | 415,090,000 | 593,844,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net accretion of discount on marketable securities | -7,490,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in private companies | 0 | -15,000,000 | 0 | -13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | -34,482,000 | 0 | -3,055,000 | -24,625,000 | -180,413,000 | 0 | 0 | -55,239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
partial settlement of convertible notes | 0 | -5,000 | 0 | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 0 | 0 | 0 | 288,748,000 | 0 | 0 | 0 | 473,244,000 | 0 | 0 | 0 | 119,316,000 | 0 | 0 | 106,237,000 | 0 | 0 | 0 | 29,144,000 | 0 | 0 | 17,764,000 | 0 | 0 | 28,452,000 | 0 | 0 | 42,032,000 | 0 | 0 | 38,190,000 | 0 | 0 | 45,294,000 | 0 | 0 | 51,524,000 | ||||||||||||||||||||
provision for doubtful accounts | 2,704,000 | 1,897,000 | -130,000 | -129,000 | 653,000 | 449,000 | 180,000 | 67,000 | -79,000 | -16,000 | 147,000 | 27,000 | 179,000 | 257,000 | 14,000 | 171,000 | 69,000 | 81,000 | 104,000 | -191,000 | 201,000 | 43,000 | -85,000 | 153,000 | 600,000 | -435,000 | 204,000 | 565,000 | 142,000 | -97,000 | 1,863,000 | 794,000 | 537,000 | 1,158,000 | 245,000 | 0 | 0 | 685,000 | 26,000 | 13,000 | 637,000 | 1,008,000 | |||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 2,638,000 | -374,000 | -1,177,000 | 2,175,000 | -1,900,000 | -326,000 | 1,904,000 | 3,088,000 | -4,003,000 | -238,000 | -704,000 | -653,000 | -376,000 | -224,000 | -702,000 | 903,000 | 104,000 | 24,000 | -205,000 | ||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 4,223,000 | -1,550,000 | -35,096,000 | 15,869,000 | -4,773,000 | -15,436,000 | -8,860,000 | -19,621,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 4,223,000 | -1,550,000 | 253,652,000 | -1,327,000 | 11,399,000 | -7,369,000 | 286,045,000 | 135,661,000 | -157,890,000 | 243,623,000 | 251,850,000 | 54,538,000 | -2,913,000 | 127,872,000 | 78,087,000 | -9,927,000 | 57,693,000 | 5,216,000 | 53,255,000 | -2,075,000 | 998,000 | 29,955,000 | 15,869,000 | -4,773,000 | 13,016,000 | -9,396,000 | 4,760,000 | 27,127,000 | 6,916,000 | -2,314,000 | 39,935,000 | -2,198,000 | -2,458,000 | 36,434,000 | -25,252,000 | 35,066,000 | 31,903,000 | ||||||||||||||||||||
net amortization of premium (discount) on marketable securities | -1,030,000 | 2,825,000 | -2,950,000 | 5,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on partial settlement of convertibles notes | 115,000 | 0 | 13,000 | 56,369,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deemed repayment of convertible notes attributable to accreted debt discount | -133,000 | 0 | -6,000 | -15,579,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on settlement of debt securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of intangible asset | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of investment in private companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of convertible notes, net of issuance costs | 0 | 0 | -949,000 | 1,189,388,000 | 0 | 0 | -591,000 | 313,011,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
purchase of convertible note hedges | 0 | 0 | 0 | -286,235,000 | 0 | 0 | 0 | -89,056,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
sale of warrants | 0 | 0 | 0 | 220,800,000 | 0 | 0 | 0 | 71,552,000 | -1,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
principal payments and financing fees on debt | -272,000 | 0 | -344,000 | -1,078,000 | -306,000 | -636,000 | -485,000 | -1,148,000 | -197,000 | -536,000 | -391,000 | -44,731,000 | |||||||||||||||||||||||||||||||||||||||||||||
partial repurchase of convertible notes | -935,000 | 0 | -79,000 | -289,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of equity awards and employee stock purchase plan | 12,555,000 | 719,000 | 556,000 | 40,000 | 5,090,000 | 693,000 | 4,183,000 | 404,000 | 3,800,000 | 42,000 | 3,428,000 | 214,000 | 3,687,000 | -138,000 | 2,867,000 | 1,979,000 | |||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -1,327,000 | 11,399,000 | -7,369,000 | -187,199,000 | 135,661,000 | -157,890,000 | 243,623,000 | 132,534,000 | 54,538,000 | -2,913,000 | 127,872,000 | -28,150,000 | -9,927,000 | 57,693,000 | 5,216,000 | 24,111,000 | 266,000 | -2,075,000 | 998,000 | 12,191,000 | 5,961,000 | -14,905,000 | -2,505,000 | 1,745,000 | 6,412,000 | -2,198,000 | |||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of marketable securities premiums, net of accretion of purchase | -7,548,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of marketable securities premiums, net of accretion of purchase discounts | -4,723,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of derivatives | 0 | 0 | 59,692,000 | -15,344,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of marketable securities | 282,973,000 | 184,123,000 | 116,298,000 | 76,735,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration in connection with the acquisition | 0 | -96,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible senior note issuance costs included in accounts payable and accrued expense | 591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing fees on extinguishment of debt | 0 | 0 | 0 | 2,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
fees paid for repurchase and exchange of convertible notes due 2023 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 593,844,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed assets included in accounts payable | 631,000 | 2,692,000 | 496,000 | 1,051,000 | 585,000 | -268,000 | 736,000 | 458,000 | 770,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest payable unpaid upon exchange of convertible notes due 2023 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of debt security | -1,437,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in a private company | -25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash. cash equivalents and restricted cash—end of period | 1,489,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on partial repurchase of convertibles notes due 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deemed repayment of convertible notes due 2024 attributable to accreted debt discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investment in private company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition | -6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs | -5,000 | -152,000 | 0 | 19,923,000 | 0 | -97,000 | 26,522,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
partial repurchase of convertible notes due 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 297,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of convertible notes due 2024, net of issuance costs | -68,000 | -559,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments under revolving credit facility | 0 | 0 | 0 | -10,100,000 | -2,350,000 | 0 | -7,550,000 | -7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of equity awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | -542,000 | 240,000 | -133,000 | -39,000 | -80,000 | -446,000 | 63,000 | 134,000 | 218,000 | 712,000 | -418,000 | -208,000 | 23,000 | -245,000 | 115,000 | -106,000 | -58,000 | 115,000 | -473,000 | -234,000 | -376,000 | 58,000 | 48,000 | 79,000 | 191,000 | -9,000 | -178,000 | 54,000 | -102,000 | -11,000 | 28,000 | ||||||||||||||||||||||||||
acquisition funded by issuance of common stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition funded by accrued liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock under employee stock plans | 223,000 | 309,000 | 649,000 | 781,000 | 1,101,000 | 269,000 | 356,000 | 4,000 | 168,000 | 2,000 | 292,000 | 43,000 | 708,000 | 101,000 | 1,148,000 | 122,000 | 2,067,000 | 677,000 | 1,408,000 | 2,257,000 | 1,247,000 | 454,000 | 757,000 | 138,000 | |||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 1,490,000 | 821,000 | 747,000 | 596,000 | 537,000 | 336,000 | 274,000 | 118,000 | 945,000 | 44,000 | |||||||||||||||||||||||||||||||||||||||||||||||
operating lease, right of use asset | 8,392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | 709,000 | -3,470,000 | -3,738,000 | -5,128,000 | -2,940,000 | -6,854,000 | -12,093,000 | -23,305,000 | -13,188,000 | -18,756,000 | -16,723,000 | -18,795,000 | -15,783,000 | 624,000 | -603,000 | -6,320,000 | 402,000 | 813,000 | -3,031,000 | -6,236,000 | -2,810,000 | -6,301,000 | -6,396,000 | -10,406,000 | -7,742,000 | -8,907,000 | -11,385,000 | -10,184,000 | |||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on business divestiture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of intangible assets | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
business divestitures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under revolving credit facility | 0 | 0 | 0 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
offering and loan costs included in accrued liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt | 62,772,000 | 3,271,000 | 2,309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on term debt | -2,535,000 | -2,358,000 | -771,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrants issued in connection with debt | 0 | 0 | 1,447,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment and restructuring | 43,000 | -127,000 | -155,000 | 1,920,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of fixed and intangible assets included in accounts payable | -5,000 | 117,000 | -320,000 | 560,000 | -998,000 | 1,309,000 | 183,000 | -421,000 | -753,000 | 1,691,000 | |||||||||||||||||||||||||||||||||||||||||||||||
deferred debt and offering costs included in accounts payable | 231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revaluation of contingent consideration liability | -227,000 | -700,000 | -1,004,000 | 104,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offerings, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
holdback payment related to prior acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash financing and investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loan | 0 | 78,000 | 24,162,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of deferred financing costs | -55,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration payment related to prior acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from public offering of common stock, net of offering costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loan, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of term loans | -5,861,000 | -670,000 | -1,311,000 | -866,000 | -632,000 | -619,000 | -605,000 | -591,000 | -8,581,000 | -1,446,000 | -789,000 | -3,287,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from public offering of common stock, net of underwriting fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for debt issuance costs and offering costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred public offering costs included in accounts payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss on disposal of assets | 3,000 | 25,000 | 43,000 | 204,000 | 84,000 | 191,000 | 2,000 | 219,000 | 22,000 | 6,000 | 0 | 51,000 | 10,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
payments for deferred financing costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of a business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments under capital leases | 0 | 0 | 0 | -40,000 | 0 | -33,000 | -32,000 | -31,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related contingent consideration liability | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under revolving credit facility | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments toward revolving credit facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of convertible preferred stock warrants | 0 | 0 | 103,000 | -623,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of patents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under term loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of financing costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in ipo, net of underwriting discounts and commissions | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of offering costs | -166,000 | -204,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing and investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible notes into common stock upon ipo | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of convertible preferred stock warrant liability to additional paid-in capital upon ipo | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued compensation and other accrued liabilities | 15,423,000 | 1,159,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued liabilities and warranty obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs related to issuance of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from private placement of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired under capital lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
offering costs not yet paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment to supplier | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loans and debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 603,000 | 3,000 | 20,000 | 24,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs related to issuance of convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan and debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing costs not yet paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense | 937,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loans | 2,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | -279,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs not yet paid | 1,753,000 |