7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2016-06-30 2016-03-31 2015-12-31 2015-09-30 
      
    		                                   
      ​
    		                                   
      operating activities
    		                                   
      net income
    		-87,544,000 -100,938,000 -66,936,000 -53,771,000 -31,592,000 -37,464,000 -67,599,000 -78,031,000 -109,030,000 -110,803,000 -136,937,000 -142,573,000 -121,480,000 -145,151,000 -138,595,000 -140,564,000 -151,273,000 -116,026,000 -63,853,000 -76,412,000 -58,322,000 -59,637,000 -35,372,000 -35,183,000 -23,137,000 -32,416,000 -34,091,000 -31,841,000 -29,616,000 -33,824,000 -32,873,000 -23,156,000 -8,685,000 -22,960,000 -17,630,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                   
      depreciation and amortization
    		10,292,000 9,859,000 9,237,000 7,790,000 8,200,000 7,915,000 7,063,000 6,911,000 6,985,000 5,124,000 5,077,000 3,930,000 5,141,000 4,629,000 3,002,000 2,995,000 2,997,000 2,713,000 2,549,000 2,398,000 2,179,000 2,210,000 1,826,000 1,809,000 1,969,000 2,032,000 1,920,000 1,927,000 1,895,000 1,819,000 1,860,000 1,234,000 1,194,000 1,172,000 1,389,000 
      amortization of premiums and accretion of purchase discounts on investment securities
    		13,000 10,000 9,000 15,000                                
      stock-based compensation
    		90,637,000 93,358,000 77,827,000 71,926,000 70,644,000 67,411,000 64,447,000 48,912,000 57,731,000 44,470,000 40,695,000 35,986,000 40,338,000 40,973,000 35,087,000 30,422,000 26,462,000 35,103,000 23,232,000 15,765,000 15,032,000 11,957,000 7,417,000 8,522,000 10,247,000 5,804,000 4,051,000 4,060,000 3,616,000 3,368,000 3,154,000 2,896,000 2,396,000   
      non-cash lease expense
    		5,403,000 4,959,000 4,389,000 4,156,000 3,965,000 3,611,000 3,593,000 3,508,000 3,560,000 3,645,000 3,806,000 3,781,000 3,337,000 3,347,000 3,305,000 2,820,000 2,749,000 2,686,000 2,671,000 2,015,000 1,939,000 1,940,000 1,940,000 1,941,000 1,958,000 1,959,000 1,890,000         
      non-cash expense recovery
    		-362,000 -361,000 -361,000 -362,000                                
      amortization of debt discount and issuance cost
    		   0 333,000 330,000 328,000 326,000 324,000 322,000 320,000 318,000 316,000 313,000 312,000 310,000 307,000 306,000 304,000 0 -2,031,000               
      change in fair value of warrants and preferred stock of related party equity investment
    		0                                   
      foreign exchange adjustment
    		17,000 -106,000 138,000 106,000 -21,000 18,000 359,000 0 0 0 265,000                         
      non-cash interest expense
    		4,000 -7,000 -17,000 155,000 2,693,000 -12,000 -1,000 -33,000 17,000 20,000 48,000                         
      changes in operating assets and liabilities:
    		                                   
      accounts receivable
    		22,845,000 9,009,000 -4,068,000 -7,289,000 29,060,000 -47,188,000 -10,459,000 -23,142,000 4,918,000 -13,280,000 -2,400,000 -7,178,000 -29,165,000 -41,619,000 -46,119,000 -11,121,000 -10,604,000 -12,631,000 -8,997,000 -7,891,000 -11,968,000 2,814,000 -8,786,000 4,909,000 -1,662,000 -2,974,000 2,145,000 -1,633,000 -3,606,000 -6,570,000 -6,284,000 -311,000 -478,000 -293,000 -706,000 
      inventory
    		-10,372,000 -3,905,000 -5,623,000 3,980,000 -7,740,000 2,040,000 -2,265,000 1,316,000 612,000 -2,004,000 -5,277,000 5,115,000 -9,635,000 -5,469,000 1,732,000 1,211,000 274,000 -5,025,000 -3,966,000 329,000 -2,393,000 -3,707,000 -1,703,000 517,000 2,215,000 -1,599,000 -216,000 -1,423,000 0 -518,000 -2,959,000 -2,204,000 1,404,000 4,792,000 1,228,000 
      operating lease right-of-use assets
    		                                   
      prepaid expenses and other assets
    		-2,387,000 2,759,000 -9,354,000 -2,856,000 -7,211,000 6,446,000 14,428,000 -33,428,000 -5,234,000 10,252,000 2,338,000   11,093,000 -6,366,000                     
      accounts payable
    		5,367,000 4,600,000 2,379,000 2,369,000 -5,827,000 5,936,000 10,732,000 -6,507,000 67,000 -14,780,000 5,762,000 -2,905,000 5,875,000 10,049,000 -7,557,000 19,039,000 -12,130,000 15,623,000 -3,310,000 1,495,000 3,071,000 -4,901,000 217,000 -1,068,000 1,184,000 -912,000 -5,466,000 2,814,000 1,751,000 -835,000 51,000 325,000 1,825,000 1,252,000 -2,576,000 
      accrued compensation
    		22,413,000 8,752,000 17,035,000 13,063,000 7,564,000 1,912,000 17,789,000 6,442,000 5,241,000 -5,057,000 14,993,000 1,784,000 9,267,000 563,000 -8,545,000 5,609,000 4,489,000 4,972,000 -4,501,000 7,922,000 5,867,000 630,000 -135,000 1,850,000 4,088,000 -669,000 -1,850,000 3,082,000 971,000 -1,317,000 333,000 196,000 347,000 925,000 616,000 
      operating lease liabilities
    		-4,938,000 -4,802,000 -4,505,000 -4,335,000 -4,215,000 -4,147,000 -4,122,000 -4,024,000 -3,228,000 -3,019,000 -2,177,000 -2,170,000 -1,679,000 -2,763,000 -2,765,000                     
      other accrued liabilities
    		7,733,000 13,598,000 26,866,000 16,150,000 -11,928,000 -2,973,000 -7,625,000 12,419,000 9,103,000 7,006,000 -18,181,000 12,228,000 5,897,000 8,189,000 21,336,000 -2,163,000 10,471,000 5,772,000 18,602,000 -6,022,000 9,760,000 3,254,000 3,348,000 6,923,000 -648,000 1,313,000 1,018,000 1,978,000 -46,000 -953,000 -2,799,000 -1,759,000 1,603,000 1,685,000 2,658,000 
      deferred revenue
    		178,000 789,000 671,000 1,790,000 -1,982,000 251,000 793,000 -306,000 -1,100,000 -944,000 7,312,000 2,440,000 -8,393,000 2,274,000 5,735,000 -3,652,000 -1,836,000 1,324,000 -40,045,000 -1,425,000 -570,000 -2,068,000 -2,832,000 -2,016,000 7,372,000 35,055,000 437,000 6,183,000 697,000 404,000 35,485,000 117,000 71,000   
      cash from operating activities
    		59,387,000 37,574,000 44,452,000  51,786,000 3,990,000 27,001,000  -29,555,000 -78,385,000 -80,890,000  -102,248,000 -110,849,000 -137,277,000                     
      capex
    		-19,375,000 -34,939,000 -17,592,000  -17,703,000 -9,545,000 -20,203,000  -10,372,000 -10,478,000 -9,985,000  -13,786,000 -7,837,000 -13,789,000                     
      free cash flows
    		40,012,000 2,635,000 26,860,000  34,083,000 -5,555,000 6,798,000  -39,927,000 -88,863,000 -90,875,000  -116,034,000 -118,686,000 -151,066,000                     
      investing activities
    		                                   
      purchases of investments
    		   0 -49,200,000       0 -6,991,000 -54,979,000 -24,977,000 -201,723,000 -603,318,000 -28,030,000 -43,024,000 -206,202,000 -212,898,000 -212,263,000 -53,876,000 -249,617,000 -34,833,000 -143,548,000 -18,628,000 -55,202,000 -94,482,000 -10,598,000 -9,986,000 -16,039,000 -14,079,000 -176,937,000  
      proceeds from sale of investments
    		   0        33,744,000 22,799,000 25,044,000 166,895,000 110,017,000 46,419,000   18,567,000 0 0 11,500,000     0 9,492,000 -1,000 27,896,000 6,167,000 10,599,000   
      proceeds from maturity of investments
    		15,000,000 2,000,000 5,000,000 7,000,000 85,900,000 52,435,000 169,065,000 132,500,000 90,250,000 56,000,000 27,250,000 0 63,000,000 72,500,000 81,000,000 184,500,000 142,900,000 65,486,000 140,024,000 96,000,000 104,500,000 49,030,000 93,785,000 55,120,000 56,000,000 30,280,000 32,500,000 79,000,000 25,000,000 19,600,000 8,000,000 8,000,000 10,000,000   
      purchases of property and equipment
    		-22,405,000 -25,897,000 -21,815,000 -18,118,000 -16,312,000 -11,678,000 -20,315,000 -9,532,000 -9,101,000 -8,968,000 -11,598,000 -11,827,000 -12,209,000 -7,776,000 -15,885,000 -9,003,000 -13,136,000 -8,631,000 -10,260,000 -7,531,000 -1,943,000 -2,213,000 -7,917,000 -2,414,000 -955,000 -644,000 -955,000 -2,110,000 -543,000 -375,000 -852,000 -3,827,000 -3,484,000 -1,400,000 -415,000 
      investment in related party
    		   0                                
      cash paid for acquisition of intangible assets
    		   0 0                               
      cash from investing activities
    		-19,905,000 -23,897,000 -16,815,000  42,540,000 -32,053,000 138,255,000  81,149,000 47,032,000 15,652,000  66,599,000 34,789,000 207,033,000                     
      financing activities
    		                                   
      proceeds from exercise of stock options
    		1,935,000 340,000 544,000 2,620,000 1,720,000 2,182,000 6,466,000 391,000 562,000 638,000 2,301,000 440,000 1,393,000 422,000 4,156,000 1,042,000 3,945,000 2,259,000 4,570,000 7,742,000 4,974,000 6,982,000 3,826,000 2,625,000 4,433,000 3,405,000 2,578,000 1,268,000 7,866,000 3,632,000 565,000 962,000 1,306,000   
      proceeds from the issuance of common stock under the employee stock purchase plan
    		0   8,436,000 0                               
      cash from financing activities
    		1,935,000 12,576,000 544,000  1,720,000 11,044,000 6,466,000  236,003,000 9,312,000 2,301,000  1,393,000 8,918,000 4,156,000                     
      net change in cash, cash equivalents and restricted cash
    		41,417,000 26,253,000 28,181,000 52,743,000 96,046,000 -17,019,000 171,722,000 -26,615,000 287,597,000 -22,041,000 -62,937,000                         
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 945,587,000  0 0 642,095,000  0 0 466,091,000  0 0 84,614,000  0 0 48,855,000  0 0 61,981,000 0 0 0 51,004,000 0 0 0 13,021,000     
      cash, cash equivalents and restricted cash, end of period
    		41,417,000 26,253,000 973,768,000  96,046,000 -17,019,000 813,817,000  287,597,000 -22,041,000 403,154,000  -34,256,000 -67,142,000 158,526,000  32,292,000 -2,250,000 65,289,000  132,152,000 3,178,000 74,199,000 10,317,000 21,681,000 -4,697,000 34,680,000 11,905,000 20,839,000 -21,430,000 39,690,000     
      supplemental disclosure of cash flow information:
    		                                   
      cash paid for interest
    		1,044,000 1,029,000 1,005,000 1,112,000 1,193,000 4,413,000 1,179,000 4,439,000 1,311,000 4,472,000 1,124,000 4,052,000 396,000 3,453,000 159,000 3,387,000 152,000 3,386,000 152,000 159,000 161,000             485,000 61,000 
      non-cash investing and financing activities:
    		                                   
      purchases of property and equipment in accounts payable and accruals
    		3,030,000 -9,042,000 4,223,000 8,520,000 -1,391,000 2,133,000 112,000 2,750,000 -1,271,000 -1,510,000 1,613,000 -2,398,000 -1,577,000 -61,000 2,096,000 216,000 269,000 2,790,000 1,898,000 -33,000 2,559,000 -2,402,000 2,657,000 3,650,000 -267,000 124,000 199,000         
      acquisition of warrants and warrants receivable
    		                                   
      amounts accrued for acquisition of intangible assets
    		   0 0                               
      issuance of common stock for bonuses
    		0 812,000 32,063,000 0 0 0 24,071,000 3,000 0                           
      stock-based compensation included in capitalized software development costs
    		878,000 789,000 608,000 534,000 640,000 584,000 505,000                             
      acquisition of warrants
    		     0 1,884,000                             
      change in fair value of warrants and preferred stock
    		  -3,235,000                                 
      operating activities:
    		                                   
      expensed in-process research and development
    		       0 0 0 2,679,000     0                    
      loss on investments
    		              46,000              10,000 0 32,000     
      net cash from operating activities
    		                 -70,563,000 -74,876,000 -73,302,000 -33,130,000 -40,980,000 -35,100,000 -15,054,000 -12,639,000 -3,932,000 -31,819,000 -12,813,000 -23,271,000 -35,543,000 1,046,000 -20,661,000 471,000 -4,689,000 -17,283,000 
      investing activities:
    		                                   
      net cash from investing activities
    		                 59,969,000 86,740,000 -99,166,000 -110,341,000 -165,446,000 43,492,000 -195,245,000   12,917,000 21,688,000 -60,533,000 8,626,000 25,058,000 -5,699,000 3,261,000   
      financing activities:
    		                                   
      proceeds from public offering, net of issuance cost
    		       0        8,000    0                
      proceeds from credit line
    		                                   
      cash redemption on convertible note
    		                                   
      net cash from financing activities
    		                 8,344,000 4,570,000 11,794,000 275,623,000 209,604,000 3,826,000 220,616,000 4,433,000 113,147,000 2,578,000 3,030,000 104,643,000 5,487,000 565,000 8,932,000 1,306,000 15,318,000 178,000,000 
      beginning cash, cash equivalents and restricted cash
    		                                   
      ending cash, cash equivalents and restricted cash
    		                                   
      cash paid for income taxes
    		                                   
      non-cash activities:
    		                                   
      issuance of common stock for ipr&d milestone
    		                                   
      debt and interest converted into equity
    		                                   
      acquisition of warrants and warrant receivable
    		                                   
      issuance of common stock for ipr&d acquisition
    		        0 0 14,435,000                         
      premium amortization and discount accretion on investment securities
    		     -96,000 -460,000 -842,000 479,000 663,000 787,000 866,000 1,011,000 1,170,000 1,790,000 2,107,000 1,917,000 1,693,000 2,097,000 2,428,000 1,446,000 1,166,000 721,000 545,000 249,000 81,000 70,000 -26,000 -46,000 166,000 144,000     
      cash paid for acquisition of an asset
    		      -10,495,000         -4,287,000                    
      (gain) loss on investments
    		           374,000 329,000    -23,000                   
      proceeds from issuance of common stock under employee stock purchase plan
    		       6,454,000 0   4,541,000 0   7,465,000 0   4,052,000 0   2,176,000 0   1,762,000 0       
      amortization of other assets
    		              143,000                     
      issuance of common stock for bonus
    		          19,771,000                         
      inventory reserve adjustments
    		           -92,000 -329,000 53,000 128,000 -98,000 114,000 296,000 316,000 17,000                
      unrealized losses on investment securities
    		           10,000   -281,000                     
      other non-cash benefits
    		           202,000 61,000 35,000 4,000 -39,000 16,000 61,000 56,000 -14,000                
      benefit from credit losses
    		           -845,000 1,114,000 1,170,000 331,000 -536,000 317,000   -91,000 0 58,000 1,387,000             
      loss on debt extinguishment
    		                   0 0               
      accretion of convertible note
    		                   2,534,000                
      prepaid expenses and other current assets
    		           -1,882,000    -2,694,000 -385,000 -7,435,000 -31,000 -16,098,000 -1,678,000 -2,383,000 -3,227,000 -4,635,000 -4,857,000 -2,329,000 -2,135,000 272,000 807,000 -960,000 2,524,000 -1,706,000 1,410,000 -129,000 -1,445,000 
      other assets
    		           194,000    -2,383,000 -527,000   -157,000 -2,000 0 99,000 200,000 200,000 -9,700,000 201,000 33,000 -113,000 200,000 215,000 29,000 -561,000 -468,000 -236,000 
      other long term liabilities
    		                                   
      proceeds from convertible note, net of issuance costs
    		                   0                
      loan payment
    		                   0 0               
      net increase in cash equivalents and restricted cash
    		                                   
      beginning - cash equivalents & restricted cash
    		                                   
      ending - cash equivalents and restricted cash
    		                                   
      net increase in cash, cash equivalents and restricted cash
    		            -34,256,000 -67,142,000 73,912,000  32,292,000 -2,250,000 16,434,000  132,152,000 3,178,000 12,218,000 10,317,000 21,681,000 -4,697,000 -16,324,000 11,905,000 20,839,000 -21,430,000 26,669,000     
      impairment of assets
    		                       361,000    0 0 0 1,544,000 0 20,000 299,000  
      gain on disposal of business
    		                       0            
      net proceeds from disposal of business
    		                       0            
      loss on sale of property and equipment
    		                                   
      income from changes in fair value of warrants
    		                                  -2,416,000 
      interest accrued for borrowings and claims related settlement
    		                           1,983,000        
      deferred rent, net of current portion
    		                           -162,000 -146,000 -627,000 307,000     
      issuance of common stock for exercise of warrants
    		                                   
      impairment of right-of-use assets
    		                                   
      benefit from doubtful accounts
    		                       644,000    -193,000 210,000 -106,000 48,000 245,000 234,000 250,000 160,000 
      supplemental non-cash investing and financing activities:
    		                                   
      obtaining right-of-use assets in exchange for lease liabilities
    		                        0 0 28,191,000         
      other non-cash charges
    		                     -284,000 -57,000  -225,000 195,000 8,000         
      proceeds from convertible notes
    		                                   
      proceeds from public offering
    		                                   
      inventory excess adjustments
    		                      -64,000 -398,000 507,000 111,000 101,000 35,000 78,000 107,000 45,000     
      amortization of debt discount
    		                      121,000 121,000 121,000 117,000 98,000 98,000 98,000 97,000 98,000   0  
      (gain) loss realized on investment securities
    		                                   
      (gain) loss on sales of property and equipment
    		                                   
      gain from changes in fair value of warrants
    		                             4,011,000 108,000     
      other non-cash (benefits) charges
    		                                   
      other long-term liabilities
    		                                   
      proceeds from equity offering, net of issuance costs
    		                           0        
      borrowings under long-term debt facility
    		                                   
      payment for debt issuance costs on long-term debt facility
    		                                   
      borrowings under credit facility
    		                                   
      repayment under credit facility
    		                                   
      issuance of common stock for lender's commitment to debt financing
    		                                   
      (gain) loss on disposal of property and equipment
    		                            0       
      proceeds from public offering, net of issuance costs
    		                                   
      net cash from (provided by) investing activities
    		                                   
      gain realized on investment securities
    		                                   
      interest accrued for borrowings
    		                             7,000 13,000     
      loss on disposal of property and equipment
    		                                   
      amortization of premium on investment securities
    		                               397,000 364,000   
      gain on sales of property and equipment
    		                                   
      non-cash interest accrual
    		                                   
      gain on investments
    		                               -28,000 -84,000   
      income from change in fair value of long term debt
    		                                   
      restricted cash
    		                               47,000 -79,000 30,000 -41,000 
      deferred rent
    		                                   
      proceeds from sale of property and equipment
    		                               0 225,000   
      proceeds from issuance of common stock, net of issuance costs
    		                                   
      proceeds from issuance of preferred stock
    		                                   
      costs paid for loan
    		                                   
      repayments of equipment financing
    		                                 0 -4,680,000 
      proceeds from collection of officer receivable
    		                                 0 0 
      deferred offering costs
    		                                   
      net decrease in cash
    		                                   
      cash at beginning of period
    		                               0 28,947,000 0 0 
      cash at end of period
    		                               -17,428,000 33,985,000 -167,245,000 133,949,000 
      unrealized gain on available-for-sale securities, net of tax
    		                               0 -1,416,000   
      total accumulated other comprehensive income, net of tax
    		                               0 -1,416,000   
      (gain)/income from changes in fair value of warrants
    		                                -510,000   
      net increase in cash
    		                                5,038,000 -167,245,000  
      accretion of convertible notes
    		                                   
      non-cash interest
    		                                   
      (gain)/income from change in fair value of long term debt
    		                                 -1,276,000 -1,810,000 
      income taxes payable
    		                                   
      net cash (used in) investing activities
    		                                 -177,874,000  
      bridge loan
    		                                   
      proceeds from senior secured term loan
    		                                   
      proceeds from short-term financing
    		                                   
      proceeds from equipment financing
    		                                   
      repayments of secured financings
    		                                   
      payment to lender for debt extinguishment
    		                                   
      change in restricted cash
    		                                   
      purchases of property and equipment through accounts payable and accruals
    		                                 -361,000 499,000 
      non-cash property and equipment purchase
    		                                 0  
      conversion of c and d notes
    		                                   
      conversion of bridge loan
    		                                   
      conversion of convertible preferred stock to common stock
    		                                 0  
      1.
    		                                   
      (gain) on sales of property and equipment
    		                                   
      stock based compensation
    		                                  2,166,000 
      proceeds from issuance of common stock
    		                                  180,313,000 
      costs paid for senior secured term loan
    		                                   
      financial assets:
    		                                   
      money market deposits
    		                                   
      u.s. treasury securities
    		                                   
      u.s. agency securities
    		                                   
      total financial assets
    		                                   
      current liabilities:
    		                                   
      warrants
    		                                   
      long‑term liabilities:
    		                                   
      senior secured term loan
    		                                   
      total financial liabilities
    		                                   
      costs paid for issuance of preferred stock
    		                                   
      non cash property and equipment purchase
    		                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.