Twist Bioscience Corporation(NASDAQ:TWST)

Twist Bioscience Corporation, a synthetic biology company, manufactures and sells synthetic DNA-based products. The company's DNA synthesis platform enables the manufacturing of synthetic DNA by writing DNA on a silicon chip. It offers synthetic DNA-based products, including synthetic genes, tools f...
Website: http://www.twistbioscience.com
Founded: 2013
Full Time Employees: 525
CEO / Founder: Emily Leproust
Sector: Healthcare
Industry: Diagnostics & Research
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues[1] | 110,715,000 | ||||||||||||||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||
cost of revenues | 53,593,000 | 49,726,000 | 48,172,000 | 44,760,000 | 46,765,000 | 45,873,000 | 46,477,000 | 46,193,000 | 44,420,000 | 42,536,000 | 42,424,000 | 41,845,000 | 41,669,000 | 29,442,000 | 31,586,000 | 30,974,000 | 29,714,000 | 27,056,000 | 22,497,000 | 20,933,000 | 19,028,000 | 18,162,000 | 17,577,000 | 16,472,000 | 13,564,000 | 13,792,000 | 12,385,000 | 11,394,000 | 11,789,000 | 11,857,000 | |
research and development expenses | 19,695,000 | 17,130,000 | 17,014,000 | 18,047,000 | |||||||||||||||||||||||||||
selling, general and administrative expenses[1] | 76,085,000 | ||||||||||||||||||||||||||||||
litigation settlement costs, net of recoveries | 7,205,000 | ||||||||||||||||||||||||||||||
total costs and expenses | 156,578,000 | 136,598,000 | 128,943,000 | 126,177,000 | |||||||||||||||||||||||||||
income from operations | -45,863,000 | -32,900,000 | -29,934,000 | -30,120,000 | -41,560,000 | -34,644,000 | -36,043,000 | -88,922,000 | -48,889,000 | -46,977,000 | -50,112,000 | -60,781,000 | -61,637,000 | -44,630,000 | -56,871,000 | -61,163,000 | -60,802,000 | -55,940,000 | -39,811,000 | -42,118,000 | -38,004,000 | -32,793,000 | -23,967,000 | -28,196,000 | -32,086,000 | -55,830,000 | -31,568,000 | -28,121,000 | -26,263,000 | -22,897,000 | |
yoy | 10.35% | -5.03% | -16.95% | -66.13% | -14.99% | -26.25% | -28.08% | 46.30% | -20.68% | 5.26% | -11.88% | -0.62% | 1.37% | -20.22% | 42.85% | 45.22% | 59.99% | 70.59% | 66.11% | 49.38% | 18.44% | -41.26% | -24.08% | 0.27% | 22.17% | 143.83% | |||||
qoq | 39.40% | 9.91% | -0.62% | -27.53% | 19.96% | -3.88% | -59.47% | 81.89% | 4.07% | -6.26% | -17.55% | -1.39% | 38.11% | -21.52% | -7.02% | 0.59% | 8.69% | 40.51% | -5.48% | 10.83% | 15.89% | 36.83% | -15.00% | -12.12% | -42.53% | 76.86% | 12.26% | 7.07% | 14.70% | ||
operating margin % | -Infinity% | -31.73% | -30.23% | -31.36% | -44.79% | -39.05% | -42.55% | -109.15% | -64.92% | -65.70% | -74.85% | -95.36% | -102.42% | -82.28% | -99.24% | -109.00% | -126.34% | -133.13% | -104.90% | -120.28% | -121.79% | -116.45% | -73.90% | -132.96% | -166.27% | -325.27% | -200.60% | -206.77% | -193.72% | -199.24% | |
interest income | 1,710,000 | 2,175,000 | 2,633,000 | 2,690,000 | 2,801,000 | 3,240,000 | 3,620,000 | 3,663,000 | 3,941,000 | 4,120,000 | 3,893,000 | 3,968,000 | 3,464,000 | 3,040,000 | 1,928,000 | 722,000 | 259,000 | 154,000 | 58,000 | 86,000 | 157,000 | 134,000 | 111,000 | 247,000 | 576,000 | 564,000 | 789,000 | 804,000 | 775,000 | 664,000 | |
other income, net[1] | 175,000 | ||||||||||||||||||||||||||||||
income before income taxes | -43,978,000 | -30,254,000 | -26,881,000 | 20,581,000 | -39,153,000 | -31,497,000 | -34,751,000 | -85,380,000 | -45,147,000 | -42,888,000 | -46,465,000 | -56,773,000 | -58,480,000 | -41,748,000 | -50,823,000 | -60,666,000 | -60,817,000 | -55,968,000 | -40,901,000 | -42,414,000 | -37,858,000 | -32,854,000 | -24,056,000 | -28,186,000 | -31,707,000 | -55,601,000 | -31,068,000 | -27,862,000 | -25,849,000 | -22,596,000 | |
income tax expense | -43,000 | -253,000 | -257,000 | -191,000 | -175,000 | -97,000 | |||||||||||||||||||||||||
net income | -44,021,000 | -30,507,000 | -12,633,000 | 20,390,000 | -39,328,000 | -31,594,000 | |||||||||||||||||||||||||
yoy | 11.93% | -3.44% | |||||||||||||||||||||||||||||
qoq | 44.30% | 141.49% | -161.96% | -151.85% | 24.48% | ||||||||||||||||||||||||||
net income margin % | -Infinity% | -29.42% | -12.76% | 21.23% | -42.38% | -35.61% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
other comprehensive loss: | |||||||||||||||||||||||||||||||
change in unrealized gain on investments | -85,000 | 18,000 | 72,000 | -25,000 | 30,000 | -66,000 | 147,000 | -21,000 | -57,000 | 647,000 | -1,113,000 | 277,000 | -4,000 | -12,000 | 13,000 | -74,000 | 12,000 | 36,000 | 3,000 | 20,000 | |||||||||||
foreign currency translation adjustment | 17,000 | 38,000 | 165,000 | -177,000 | -25,000 | -61,000 | 66,000 | -54,000 | -38,000 | 57,000 | -323,000 | -538,000 | 73,000 | -366,000 | -666,000 | -498,000 | 275,000 | -94,000 | 122,000 | 250,000 | 38,000 | 63,000 | -5,000 | 11,000 | -7,000 | 28,000 | 250,000 | -180,000 | -56,000 | ||
comprehensive loss | -44,089,000 | -30,451,000 | -39,323,000 | -31,721,000 | -34,442,000 | -85,646,000 | -45,587,000 | -42,817,000 | -46,364,000 | -58,141,000 | -58,436,000 | -43,058,000 | -51,581,000 | -61,419,000 | -61,506,000 | -45,380,000 | -41,124,000 | -39,799,000 | -37,871,000 | -32,845,000 | -24,365,000 | -28,286,000 | -31,745,000 | -55,629,000 | -31,117,000 | -27,663,000 | -26,093,000 | -22,702,000 | |||
net income per share | -0.71 | -0.5 | -0.45 | 0.34 | -0.66 | -0.53 | -0.59 | -1.47 | -0.79 | -0.75 | -0.81 | -1.01 | -1.04 | -0.74 | -0.89 | -1.08 | -1.13 | -0.91 | -0.83 | -0.82 | -0.78 | -0.72 | -0.48 | -0.67 | -0.85 | -1.69 | -0.95 | -0.92 | -0.93 | -1.18 | |
weighted-average shares used for eps calculation | 61,702 | 61,080 | 59,808 | 59,995 | 59,649 | 59,162 | 58,016 | 58,145 | 57,779 | 57,497 | 56,885 | 57,041 | 56,777 | 56,444 | 53,885 | 56,287 | 53,472 | 49,912 | 48,251 | 48,963 | 48,709 | 46,000 | 39,190 | 41,838,498 | 37,163,684 | 32,976,145 | 27,461,844 | 30,290,150 | 27,891,700 | 19,187,533 | |
revenues | 103,698,000 | 99,009,000 | 96,057,000 | 92,793,000 | 88,713,000 | 84,710,000 | 81,464,000 | 75,302,000 | 71,498,000 | 66,946,000 | 63,740,000 | 60,180,000 | 54,243,000 | 57,306,000 | 56,113,000 | 48,127,000 | 42,018,000 | 37,951,000 | 35,018,000 | 31,204,000 | 28,161,000 | 32,432,000 | 21,207,000 | 19,297,000 | 17,164,000 | 15,737,000 | 13,600,000 | 13,557,000 | 11,492,000 | ||
yoy | 16.89% | 16.88% | 17.91% | 23.23% | 24.08% | 26.53% | 27.81% | 25.13% | 31.81% | 16.82% | 13.59% | 25.04% | 29.09% | 51.00% | 60.24% | 54.23% | 49.21% | 17.02% | 65.12% | 61.70% | 64.07% | 106.09% | 55.93% | 42.34% | 49.36% | ||||||
qoq | 4.74% | 3.07% | 3.52% | 4.60% | 4.73% | 3.98% | 8.18% | 5.32% | 6.80% | 5.03% | 5.92% | 10.95% | -5.34% | 2.13% | 16.59% | 14.54% | 10.72% | 8.38% | 12.22% | 10.81% | -13.17% | 52.93% | 9.90% | 12.43% | 9.07% | 15.71% | 0.32% | 17.97% | |||
selling, general and administrative expenses[2] | 69,742,000 | ||||||||||||||||||||||||||||||
other income, net [3] | 471,000 | ||||||||||||||||||||||||||||||
selling, general and administrative expenses | 63,757,000 | 63,370,000 | |||||||||||||||||||||||||||||
impairment of long-lived assets | 44,930,000 | ||||||||||||||||||||||||||||||
gain on sale of business | 48,847,000 | ||||||||||||||||||||||||||||||
other income, net [2] | 420,000 | -836,000 | |||||||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||||||||
comprehensive income | -12,718,500 | 20,188,000 | |||||||||||||||||||||||||||||
basic earnings per share: | |||||||||||||||||||||||||||||||
diluted earnings per share: | |||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||
research and development | 23,917,000 | 21,307,000 | 21,134,000 | 22,469,000 | 24,149,000 | 23,099,000 | 23,746,000 | 24,528,000 | 27,379,000 | 31,242,000 | 29,606,000 | 36,840,000 | 31,231,000 | 22,630,000 | 19,443,000 | 19,838,000 | 15,791,000 | 14,000,000 | 11,637,000 | 10,444,000 | 10,629,000 | 10,297,000 | 10,497,000 | 9,007,000 | 8,907,000 | 7,273,000 | |||||
selling, general and administrative | 63,671,000 | 56,177,000 | 53,142,000 | 56,794,000 | 55,622,000 | 52,840,000 | 47,391,000 | 46,057,000 | 53,965,000 | 42,324,000 | 54,159,000 | 53,693,000 | 53,998,000 | 51,098,000 | 38,243,000 | 34,478,000 | 34,389,000 | 28,792,000 | 27,185,000 | 22,487,000 | 27,190,000 | 26,405,000 | 24,423,000 | 21,320,000 | 19,124,000 | 15,259,000 | |||||
total operating expenses | 134,353,000 | 123,357,000 | 120,753,000 | 170,386,000 | 124,191,000 | 118,475,000 | 117,058,000 | 124,521,000 | 121,817,000 | 98,873,000 | 114,177,000 | 117,276,000 | 108,929,000 | 97,958,000 | 77,762,000 | 77,136,000 | 69,208,000 | 60,954,000 | 56,399,000 | 49,403,000 | 51,383,000 | 72,994,000 | 47,305,000 | 41,721,000 | 39,820,000 | 34,389,000 | |||||
interest expense | -143,000 | -24,000 | -1,000 | -1,000 | -2,000 | -1,000 | -26,000 | -29,000 | -26,000 | -83,000 | -70,000 | -95,000 | -118,000 | -143,000 | -181,000 | -215,000 | -248,000 | -287,000 | -318,000 | -340,000 | -348,000 | ||||||||||
other income | -251,000 | -69,000 | -2,299,000 | -121,000 | -199,000 | -31,000 | -245,000 | 41,000 | -157,000 | -461,000 | -225,000 | -245,000 | -156,000 | -1,065,000 | -312,000 | 84,000 | -77,000 | -57,000 | -56,000 | 18,000 | -87,000 | -2,000 | -227,000 | -21,000 | -15,000 | ||||||
restructuring and other costs | |||||||||||||||||||||||||||||||
change in fair value of contingent considerations and holdbacks | -581,000 | -1,196,000 | -4,135,000 | -1,174,000 | -4,231,000 | -6,014,000 | |||||||||||||||||||||||||
income tax provision | -164,000 | -191,000 | -345,000 | -120,000 | |||||||||||||||||||||||||||
net loss attributable to common stockholders | -34,655,000 | -85,571,000 | -45,492,000 | -43,008,000 | -46,243,000 | -57,395,000 | -59,156,000 | -41,824,000 | -51,115,000 | -60,517,000 | -60,668,000 | -45,563,000 | -41,242,000 | -40,037,000 | -37,919,000 | -32,900,000 | -24,318,000 | -28,207,000 | -31,768,000 | -55,638,000 | -31,181,000 | -27,916,000 | -25,933,000 | -22,639,000 | |||||||
change in unrealized loss on investments | 134,000 | 327,000 | -208,000 | -868,000 | -448,500 | -404,000 | 16,000 | -7,000 | |||||||||||||||||||||||
restructuring costs | 3,168,000 | 12,672,000 | |||||||||||||||||||||||||||||
benefit from income taxes | 222,000 | -622,000 | -292,000 | 149,000 | 149,000 | 10,405,000 | -341,000 | 2,377,000 | |||||||||||||||||||||||
other expense | -305,000 | ||||||||||||||||||||||||||||||
income tax benefit | -676,000 | -76,000 | |||||||||||||||||||||||||||||
change in fair value of contingent considerations and indemnity holdbacks | -2,826,000 | ||||||||||||||||||||||||||||||
change in fair value of acquisition consideration | 471,750 | 1,887,000 | |||||||||||||||||||||||||||||
litigation settlement | 22,500,000 | ||||||||||||||||||||||||||||||
provision for income taxes | -61,000 | -46,000 | -262,000 | -21,000 | -61,000 | -37,000 | -113,000 | -54,000 | -84,000 | -43,000 | |||||||||||||||||||||
change in unrealized income on investments | 10,000 | ||||||||||||||||||||||||||||||
change in unrealized income/(loss) on investments | -8,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
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assets | |||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||
cash and cash equivalents | 122,670,000 | 148,591,000 | 183,049,000 | 201,373,000 | 210,437,000 | 221,403,000 | 226,316,000 | 239,142,000 | 243,348,000 | 266,269,000 | 286,470,000 | 307,459,000 | 315,196,000 | 316,681,000 | 378,687,000 | 376,249,000 | 407,627,000 | 191,624,000 | 465,829,000 | 475,279,000 | 399,329,000 | 348,789,000 | 93,667,000 | 207,853,000 | 184,395,000 | 26,032,000 | 46,735,000 | 68,212,000 | 28,693,000 | 80,757,000 | 80,757,000 |
short-term investments | 49,001,000 | 49,358,000 | 49,385,000 | 49,425,000 | 46,710,000 | 49,424,000 | 50,083,000 | 50,276,000 | 49,994,000 | 44,875,000 | 49,943,000 | 49,686,000 | 72,462,000 | 122,029,000 | 126,281,000 | 151,342,000 | 166,231,000 | 110,235,000 | 12,034,000 | 44,129,000 | 156,329,000 | 238,496,000 | 196,335,000 | 103,906,000 | 45,669,000 | 77,075,000 | 91,372,000 | 93,575,000 | 75,631,000 | ||
accounts receivable, net[1] | 64,153,000 | ||||||||||||||||||||||||||||||
inventories | 33,515,000 | 32,924,000 | 28,309,000 | 25,938,000 | 20,860,000 | 23,518,000 | 24,078,000 | 28,484,000 | 30,376,000 | 30,863,000 | 32,063,000 | 36,354,000 | 39,923,000 | 44,597,000 | 39,307,000 | 43,022,000 | 44,591,000 | 40,239,000 | 31,800,000 | 21,224,000 | 15,838,000 | 13,409,000 | 12,289,000 | 13,161,000 | 10,764,000 | 7,416,000 | 7,330,000 | 5,496,000 | 4,449,000 | ||
prepaid expenses and other current assets[1] | 54,100,000 | ||||||||||||||||||||||||||||||
total current assets | 323,439,000 | 303,882,000 | 332,966,000 | 339,776,000 | 338,442,000 | 345,309,000 | 346,776,000 | 361,831,000 | 371,869,000 | 390,231,000 | 424,256,000 | 445,537,000 | 489,271,000 | 541,859,000 | 596,483,000 | 624,117,000 | 664,375,000 | 385,007,000 | 546,495,000 | 576,607,000 | 607,999,000 | 634,428,000 | 334,870,000 | 344,578,000 | 260,205,000 | 129,288,000 | 160,135,000 | 182,622,000 | 120,991,000 | 95,671,000 | 95,671,000 |
property and equipment | 111,226,000 | 105,119,000 | 102,283,000 | 95,351,000 | 97,143,000 | 100,669,000 | 102,520,000 | 106,339,000 | 121,339,000 | 126,225,000 | 131,830,000 | 140,778,000 | 146,539,000 | 144,850,000 | 139,441,000 | 127,011,000 | 91,814,000 | 65,135,000 | 44,122,000 | 37,864,000 | 31,975,000 | 27,153,000 | 25,466,000 | 23,870,000 | 23,266,000 | 21,339,000 | 20,835,000 | 19,817,000 | 14,940,000 | 12,331,000 | 12,331,000 |
operating lease right-of-use assets | 70,655,000 | 72,266,000 | 49,377,000 | 51,845,000 | 54,065,000 | 56,475,000 | 58,829,000 | 61,277,000 | 63,666,000 | 69,093,000 | 71,531,000 | 72,028,000 | 70,669,000 | 73,757,000 | 74,948,000 | 76,165,000 | 78,215,000 | 72,020,000 | 61,580,000 | 62,803,000 | 30,997,000 | 32,330,000 | 33,699,000 | 35,064,000 | 35,853,000 | 37,238,000 | |||||
investment in equity securities[1] | 68,087,000 | ||||||||||||||||||||||||||||||
goodwill | 82,195,000 | 82,195,000 | 82,195,000 | 82,195,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,811,000 | 85,678,000 | 84,244,000 | 22,434,000 | 22,676,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 | 1,138,000 |
intangible assets | 12,996,000 | 13,162,000 | 13,425,000 | 13,688,000 | 13,951,000 | 14,215,000 | 14,478,000 | 14,741,000 | 51,898,000 | 53,190,000 | 54,483,000 | 55,775,000 | 57,068,000 | 58,361,000 | 59,738,000 | 61,115,000 | 62,493,000 | 63,921,000 | 18,262,000 | 18,562,000 | 203,000 | 256,000 | 307,000 | 356,000 | 407,000 | 458,000 | 508,000 | 559,000 | 610,000 | 712,000 | 712,000 |
restricted cash, non-current | 2,182,000 | 2,394,000 | 2,376,000 | 2,532,000 | 2,510,000 | 2,656,000 | 2,816,000 | 2,895,000 | 2,868,000 | 2,847,000 | 2,811,000 | 4,379,000 | 2,365,000 | 2,410,000 | 1,572,000 | 1,572,000 | 1,572,000 | 1,572,000 | 1,530,000 | 1,530,000 | 1,530,000 | 1,530,000 | 579,000 | 579,000 | 579,000 | 579,000 | 579,000 | 579,000 | 579,000 | 579,000 | 579,000 |
other non-current assets[1] | 5,434,000 | ||||||||||||||||||||||||||||||
total assets | 676,214,000 | 638,085,000 | 641,861,000 | 643,605,000 | 595,615,000 | 608,580,000 | 614,323,000 | 638,118,000 | 702,846,000 | 732,815,000 | 776,403,000 | 810,332,000 | 853,924,000 | 909,970,000 | 961,378,000 | 1,021,636,000 | 786,167,000 | 702,097,000 | 725,298,000 | 677,289,000 | 699,570,000 | 398,882,000 | 408,240,000 | 323,872,000 | 192,277,000 | 186,994,000 | 206,805,000 | 140,170,000 | 115,791,000 | 115,791,000 | |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||
accounts payable | 14,682,000 | 12,493,000 | 11,094,000 | 11,985,000 | 8,063,000 | 7,503,000 | 1,630,000 | 6,626,000 | 7,703,000 | 9,256,000 | 14,052,000 | 12,184,000 | 13,236,000 | 20,113,000 | 20,092,000 | 21,014,000 | 16,815,000 | 23,073,000 | 14,900,000 | 11,268,000 | 8,528,000 | 8,932,000 | 4,830,000 | 5,973,000 | 6,932,000 | 9,106,000 | 9,760,000 | 7,835,000 | 4,505,000 | 7,531,000 | 7,531,000 |
accrued compensation | 27,003,000 | 18,835,000 | 31,288,000 | 28,972,000 | 24,920,000 | 21,742,000 | 33,650,000 | 31,659,000 | 25,214,000 | 20,787,000 | 25,818,000 | 27,284,000 | 24,280,000 | 23,277,000 | 27,023,000 | 27,698,000 | 21,686,000 | 18,735,000 | 22,327,000 | 19,523,000 | 14,897,000 | 11,577,000 | 14,945,000 | 11,298,000 | 8,625,000 | 8,848,000 | 10,479,000 | ||||
current portion of operating lease liability | 10,443,000 | 12,242,000 | 13,822,000 | 15,501,000 | 15,218,000 | 15,030,000 | 14,805,000 | 14,555,000 | 14,621,000 | 14,808,000 | 14,896,000 | 13,132,000 | 13,396,000 | 14,227,000 | 13,642,000 | 14,352,000 | 14,166,000 | 12,684,000 | 8,213,000 | 6,444,000 | 6,409,000 | ||||||||||
accrued expenses and other current liabilities | 67,848,000 | ||||||||||||||||||||||||||||||
total current liabilities | 119,976,000 | 80,441,000 | 91,406,000 | 87,070,000 | 74,976,000 | 69,646,000 | 71,006,000 | 73,757,000 | 67,490,000 | 65,228,000 | 73,323,000 | 72,822,000 | 72,108,000 | 83,837,000 | 90,663,000 | 92,686,000 | 84,632,000 | 80,034,000 | 63,052,000 | 54,833,000 | 40,442,000 | 37,102,000 | 36,029,000 | 31,377,000 | 30,210,000 | 57,844,000 | 30,354,000 | 25,447,000 | 18,580,000 | 18,537,000 | 18,537,000 |
operating lease liability, net of current portion | 85,398,000 | 85,808,000 | 61,750,000 | 62,649,000 | 65,080,000 | 67,586,000 | 70,221,000 | 72,625,000 | 74,804,000 | 77,070,000 | 79,173,000 | 79,900,000 | 77,824,000 | 79,748,000 | 81,270,000 | 64,244,000 | 65,496,000 | 60,285,000 | 53,156,000 | 23,681,000 | 24,837,000 | ||||||||||
liability related to the sale of future revenue | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | |||||||||||||||||||||||||
other non-current liabilities[1] | 746,000 | ||||||||||||||||||||||||||||||
total liabilities | 221,120,000 | 181,990,000 | 168,903,000 | 165,407,000 | 155,507,000 | 152,639,000 | 141,634,000 | 146,979,000 | 142,715,000 | 142,773,000 | 152,971,000 | 152,782,000 | 149,992,000 | 163,645,000 | 171,993,000 | 158,275,000 | 159,989,000 | 121,276,000 | 114,850,000 | 63,108,000 | 61,618,000 | 62,620,000 | 59,294,000 | 59,670,000 | 89,196,000 | 34,912,000 | 30,802,000 | 24,690,000 | 26,730,000 | 26,730,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||
common stock | 1,000 | ||||||||||||||||||||||||||||||
additional paid-in capital | 1,849,838,000 | 1,806,751,000 | 1,793,163,000 | 1,771,502,000 | 1,753,600,000 | 1,730,092,000 | 1,715,119,000 | 1,699,127,000 | 1,682,473,000 | 1,666,797,000 | 1,657,222,000 | 1,644,976,000 | 1,633,217,000 | 1,617,174,000 | 1,619,644,000 | 1,599,355,000 | 1,580,620,000 | 1,281,931,000 | 1,190,828,000 | 1,179,331,000 | 1,143,265,000 | 1,129,165,000 | 794,630,000 | 782,949,000 | 669,919,000 | 477,053,000 | 470,425,000 | 463,229,000 | 375,043,000 | 9,346,000 | 9,346,000 |
accumulated other comprehensive loss | -639,000 | -571,000 | -627,000 | -522,000 | -756,000 | ||||||||||||||||||||||||||
accumulated deficit | -1,394,106,000 | -1,350,085,000 | -1,319,578,000 | -1,292,440,000 | -1,312,830,000 | -1,273,502,000 | -1,241,908,000 | -1,207,253,000 | -1,121,682,000 | -1,076,190,000 | -1,033,034,000 | -986,791,000 | -929,396,000 | -870,240,000 | -828,416,000 | -777,301,000 | -716,784,000 | -656,116,000 | -610,553,000 | -569,311,000 | -529,274,000 | -491,355,000 | -458,455,000 | -434,137,000 | -405,930,000 | -374,162,000 | -318,524,000 | -287,343,000 | -259,427,000 | -210,855,000 | -210,855,000 |
total stockholders’ equity | 455,094,000 | 456,095,000 | 472,958,000 | 478,198,000 | 440,108,000 | 455,941,000 | 472,689,000 | 491,139,000 | 560,131,000 | 590,042,000 | 623,432,000 | 657,550,000 | 703,932,000 | 746,325,000 | 789,385,000 | 820,677,000 | 863,361,000 | 626,178,000 | 580,821,000 | 610,448,000 | 614,181,000 | 637,952,000 | 336,262,000 | 348,946,000 | 264,202,000 | 103,081,000 | 152,082,000 | 176,003,000 | 115,480,000 | -201,422,000 | |
total liabilities and stockholders’ equity | 676,214,000 | 638,085,000 | 641,861,000 | 643,605,000 | 595,615,000 | 608,580,000 | 614,323,000 | 638,118,000 | 702,846,000 | 732,815,000 | 776,403,000 | 810,332,000 | 853,924,000 | 909,970,000 | 961,378,000 | 979,663,000 | 1,021,636,000 | 786,167,000 | 702,097,000 | 725,298,000 | 677,289,000 | 699,570,000 | 398,882,000 | 408,240,000 | 323,872,000 | 192,277,000 | |||||
accounts receivable, net [1] | 50,062,000 | 57,019,000 | 49,854,000 | ||||||||||||||||||||||||||||
prepaid expenses and other current assets [2] | 22,947,000 | 15,204,000 | 13,186,000 | ||||||||||||||||||||||||||||
investment in equity securities[3] | 54,337,000 | ||||||||||||||||||||||||||||||
other non-current assets [4] | 4,730,000 | 4,902,000 | |||||||||||||||||||||||||||||
accrued expenses | 23,405,000 | 23,053,000 | 19,535,000 | 19,570,000 | 20,129,000 | 15,104,000 | 14,838,000 | 14,513,000 | 13,959,000 | 10,754,000 | 10,311,000 | 11,156,000 | 10,398,000 | 10,169,000 | 9,499,000 | 15,942,000 | 11,686,000 | 6,437,000 | 4,867,000 | 3,272,000 | 3,510,000 | 3,901,000 | 2,731,000 | 3,491,000 | 4,687,000 | 5,965,000 | 3,713,000 | 2,412,000 | 2,166,000 | 2,166,000 | |
other current liabilities | 13,466,000 | 12,149,000 | 11,077,000 | 7,205,000 | 5,242,000 | 5,817,000 | 6,079,000 | 5,439,000 | 6,418,000 | 7,803,000 | 9,911,000 | 10,040,000 | 15,822,000 | 19,737,000 | 20,123,000 | 16,023,000 | 13,856,000 | 9,623,000 | 9,265,000 | 4,063,000 | 3,306,000 | 2,611,000 | 1,373,000 | 52,000 | 999,000 | 817,000 | 680,000 | 894,000 | 939,000 | 939,000 | |
other non-current liabilities[5] | 741,000 | 747,000 | |||||||||||||||||||||||||||||
investment in equity securities [3] | 54,337,000 | ||||||||||||||||||||||||||||||
investment in equity securities | 54,337,000 | ||||||||||||||||||||||||||||||
other non-current assets [3] | 3,881,000 | ||||||||||||||||||||||||||||||
other non-current liabilities[4] | 688,000 | ||||||||||||||||||||||||||||||
accumulated other comprehensive income | -864,000 | -662,000 | -649,000 | -735,000 | -660,000 | -565,000 | -635,000 | 111,000 | -609,000 | -1,843,000 | -1,377,000 | -475,000 | 363,000 | 546,000 | 428,000 | 190,000 | 142,000 | 87,000 | 134,000 | 213,000 | 190,000 | 181,000 | 117,000 | -136,000 | 87,000 | 87,000 | |||||
accounts receivable | 49,949,000 | 39,315,000 | 34,903,000 | 31,988,000 | 35,993,000 | 35,354,000 | 44,064,000 | 42,580,000 | 48,187,000 | 44,437,000 | 40,294,000 | 41,195,000 | 34,877,000 | 32,872,000 | 28,549,000 | 28,116,000 | 27,290,000 | 25,492,000 | 26,376,000 | 13,347,000 | 14,831,000 | 13,054,000 | 12,104,000 | 11,697,000 | 7,998,000 | 5,419,000 | 5,419,000 | ||||
prepaid expenses and other current assets | 10,486,000 | 11,649,000 | 11,396,000 | 11,941,000 | 12,158,000 | 12,870,000 | 11,716,000 | 9,458,000 | 13,503,000 | 14,115,000 | 11,914,000 | 12,309,000 | 11,049,000 | 10,037,000 | 8,283,000 | 7,859,000 | 9,213,000 | 8,242,000 | 6,203,000 | 6,311,000 | 4,546,000 | 5,711,000 | 2,594,000 | 3,642,000 | 4,220,000 | 3,467,000 | 3,467,000 | ||||
other non-current assets | 3,693,000 | 3,445,000 | 3,093,000 | 5,224,000 | 5,395,000 | 5,418,000 | 5,681,000 | 6,024,000 | 2,201,000 | 2,922,000 | 3,385,000 | 3,872,000 | 6,902,000 | 7,425,000 | 7,674,000 | 5,256,000 | 3,447,000 | 2,735,000 | 2,823,000 | 2,655,000 | 2,424,000 | 2,237,000 | 3,799,000 | 2,090,000 | 1,912,000 | 5,360,000 | 5,360,000 | ||||
other non-current liabilities | 451,000 | 407,000 | 407,000 | 597,000 | 421,000 | 475,000 | 475,000 | 60,000 | 60,000 | 60,000 | 60,000 | 2,056,000 | 8,147,000 | 19,670,000 | 5,068,000 | 6,168,000 | 422,000 | 210,000 | 351,000 | 95,000 | 144,000 | 158,000 | 236,000 | 282,000 | 344,000 | 344,000 | |||||
current portion of long-term debt | 1,552,000 | 2,365,000 | 3,168,000 | 3,333,000 | 3,333,000 | 3,333,000 | 3,333,000 | 3,333,000 | 3,333,000 | 3,333,000 | 3,333,000 | 2,500,000 | 2,500,000 | ||||||||||||||||||
total assets [1] | 979,663,000 | ||||||||||||||||||||||||||||||
total liabilities [1] | 158,986,000 | ||||||||||||||||||||||||||||||
long term investments | 30,587,000 | ||||||||||||||||||||||||||||||
long term investment | 106,843,000 | ||||||||||||||||||||||||||||||
long-term debt | 625,000 | 1,403,000 | 2,170,000 | 2,925,000 | 3,669,000 | 4,400,000 | 5,119,000 | 5,828,000 | 7,218,000 | 7,218,000 | |||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||
current portion of operating lease liabilities | 7,545,000 | 6,514,000 | 6,669,000 | 7,777,000 | 8,371,000 | ||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 53,849,000 | 22,244,000 | 25,747,000 | 26,440,000 | 27,539,000 | ||||||||||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized; no shares issued or outstanding | |||||||||||||||||||||||||||||||
accrued litigation settlement | 22,500,000 | ||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | |||||||||||||||||||||||||||||||
redeemable convertible preferred stock | 631,000 | 631,000 | |||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.00001 par value—no shares and 2,854,576 shares authorized as of september 30, 2019 and 2018; no shares and 2,817,723 shares issued and outstanding as of september 30, 2019 and 2018. | |||||||||||||||||||||||||||||||
series b redeemable convertible preferred stock, 0.00001 par value—no shares and 3,331,878 shares authorized as of september 30, 2019 and 2018; no shares and 3,315,645 shares issued and outstanding as of september 30, 2019 and 2018. | |||||||||||||||||||||||||||||||
series c redeemable convertible preferred stock, 0.00001 par value—no shares and 2,510,354 shares authorized as of september 30, 2019 and 2018; no shares and 2,491,483 shares issued and outstanding as of september 30, 2019 and 2018. | |||||||||||||||||||||||||||||||
series d redeemable convertible preferred stock, 0.00001 par value—no shares and 10,475,252 shares authorized as of september 30, 2019 and 2018, respectively; no shares and 10,326,454 shares issued and outstanding as of september 30, 2019 and 2018, respectively. | |||||||||||||||||||||||||||||||
total redeemable convertible preferred stock | 290,483,000 | 290,483,000 | |||||||||||||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares and no shares authorized as of september 30, 2019 and 2018, respectively; no shares issued or outstanding as of september 30, 2019 and 2018, respectively. | |||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ equity | 186,994,000 | 206,805,000 | 140,170,000 | 115,791,000 | |||||||||||||||||||||||||||
accrued payroll | 9,886,000 | 7,436,000 | 5,401,000 | 5,401,000 | |||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.00001 par value—2,854,576 shares and no shares authorized as of september 30, 2018 and june 30, 2019, respectively; 2,817,723 shares and no shares issued and outstanding as of september 30, 2018 and june 30, 2019, respectively. | |||||||||||||||||||||||||||||||
series b redeemable convertible preferred stock, 0.00001 par value—3,331,878 shares and no shares authorized as of september 30, 2018 and june 30, 2019, respectively; 3,315,645 shares and no shares issued and outstanding as of september 30, 2018 and june 30, 2019, respectively. | |||||||||||||||||||||||||||||||
series c redeemable convertible preferred stock, 0.00001 par value—2,510,354 shares and no shares authorized as of september 30, 2018 and june 30, 2019, respectively; 2,491,483 shares and no shares issued and outstanding as of september 30, 2018 and june 30, 2019, respectively. | |||||||||||||||||||||||||||||||
series d redeemable convertible preferred stock, 0.00001 par value—10,475,252 shares and no shares authorized as of september 30, 2018 and june 30, 2019, respectively; 10,326,454 shares and no shares issued and outstanding as of september 30, 2018 and june 30, 2019, respectively. | |||||||||||||||||||||||||||||||
preferred stock, 0.00001 par value—no shares and 10,000,000 shares authorized as of september 30, 2018 and june 30, 2019, respectively; no shares issued or outstanding as of september 30, 2018 and june 30, 2019, respectively. | |||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.00001 par value—2,854,576 shares and no shares authorized as of september 30, 2018 and march 31, 2019, respectively; 2,817,723 shares and no shares issued and outstanding as of september 30, 2018 and march 31, 2019, respectively. | |||||||||||||||||||||||||||||||
series b redeemable convertible preferred stock, 0.00001 par value—3,331,878 shares and no shares authorized as of september 30, 2018 and march 31, 2019, respectively; 3,315,645 shares and no shares issued and outstanding as of september 30, 2018 and march 31, 2019, respectively. | |||||||||||||||||||||||||||||||
series c redeemable convertible preferred stock, 0.00001 par value—2,510,354 shares and no shares authorized as of september 30, 2018 and march 31, 2019, respectively; 2,491,483 shares and no shares issued and outstanding as of september 30, 2018 and march 31, 2019, respectively. | |||||||||||||||||||||||||||||||
series d redeemable convertible preferred stock, 0.00001 par value—10,475,252 shares and no shares authorized as of september 30, 2018 and march 31, 2019, respectively; 10,326,454 shares and no shares issued and outstanding as of september 30, 2018 and march 31, 2019, respectively. | |||||||||||||||||||||||||||||||
preferred stock, 0.00001 par value—no shares and 10,000,000 shares authorized as of september 30, 2018 and march 31, 2019, respectively; no shares issued or outstanding as of september 30, 2018 and march 31, 2019, respectively. | |||||||||||||||||||||||||||||||
inventory | 6,028,000 | 6,028,000 | |||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.00001 par value—2,854,576 shares and no shares authorized as of september 30, 2018 and december 31, 2018, respectively; 2,817,723 shares and no shares issued and outstanding as of september 30, 2018 and december 31, 2018 respectively. | 9,141,000 | ||||||||||||||||||||||||||||||
series b redeemable convertible preferred stock, 0.00001 par value—3,331,878 shares and no shares authorized as of september 30, 2018 and december 31, 2018, respectively; 3,315,645 shares and no shares issued and outstanding as of september 30, 2018 and december 31, 2018, respectively. | 25,900,000 | ||||||||||||||||||||||||||||||
series c redeemable convertible preferred stock, 0.00001 par value—2,510,354 shares and no shares authorized as of september 30, 2018 and december 31, 2018, respectively; 2,491,483 shares and no shares issued and outstanding as of september 30, 2018 and december 31, 2018, respectively. | 36,726,000 | ||||||||||||||||||||||||||||||
series d redeemable convertible preferred stock, 0.00001 par value—10,475,252 shares and no shares authorized as of september 30, 2018 and december 31, 2018, respectively; 10,326,454 shares and no shares issued and outstanding as of september 30, 2018 and december 31, 2018, respectively. | 218,716,000 | ||||||||||||||||||||||||||||||
preferred stock, 0.00001 par value—no shares and 10,000,000 shares authorized as of september 30, 2018 and december 31, 2018, respectively; no shares issued or outstanding as of september 30, 2018 and december 31, 2018, respectively. | |||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.00001 par value—2,854,576 shares authorized as of september 30, 2017 and 2018; 2,817,723 shares issued and outstanding as of september 30, 2017 and 2018. | 9,141,000 | ||||||||||||||||||||||||||||||
series b redeemable convertible preferred stock, 0.00001 par value—3,331,878 shares authorized as of september 30, 2017 and 2018; 3,315,645 shares issued and outstanding as of september 30, 2017 and 2018. | 25,900,000 | ||||||||||||||||||||||||||||||
series c redeemable convertible preferred stock, 0.00001 par value—2,510,354 shares authorized as of september 30, 2017 and 2018; 2,491,483 shares issued and outstanding as of september 30, 2017 and 2018. | 36,726,000 | ||||||||||||||||||||||||||||||
series d redeemable convertible preferred stock, 0.00001 par value—6,476,580 and 10,475,252 shares authorized as of september 30, 2017 and 2018, respectively; 6,034,089 and 10,326,454 shares issued and outstanding as of september 30, 2017 and 2018, respectively. | 218,716,000 | ||||||||||||||||||||||||||||||
stockholders’ deficit | |||||||||||||||||||||||||||||||
total stockholders’ deficit | -201,422,000 | ||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ deficit | 115,791,000 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||
net loss | -44,021,000 | -30,507,000 | -27,138,000 | 20,390,000 | -39,328,000 | -31,594,000 | -34,655,000 | -85,571,000 | -45,492,000 | -43,008,000 | -46,243,000 | -57,395,000 | -59,156,000 | -41,824,000 | -51,115,000 | -60,517,000 | -60,668,000 | -45,563,000 | -41,242,000 | -40,037,000 | -37,919,000 | -32,900,000 | -24,318,000 | -28,207,000 | -31,768,000 | -55,638,000 | -31,181,000 | -27,916,000 | -25,933,000 | -22,639,000 |
adjustments to reconcile net loss to net cash from operating activities | ||||||||||||||||||||||||||||||
depreciation and amortization | 6,414,000 | 6,194,000 | 6,404,000 | 6,380,000 | 6,656,000 | 8,301,000 | 8,304,000 | 8,171,000 | 8,500,000 | 8,490,000 | 7,028,000 | 5,292,000 | 4,952,000 | 4,444,000 | 3,968,000 | 3,150,000 | 2,431,000 | 2,744,000 | 2,464,000 | 2,111,000 | 1,889,000 | 1,724,000 | 1,559,000 | 1,505,000 | 1,489,000 | 1,587,000 | 1,563,000 | 1,472,000 | ||
stock-based compensation expense | 18,936,000 | 13,273,000 | 16,083,000 | |||||||||||||||||||||||||||
other non-cash adjustments[1] | -498,000 | -336,000 | ||||||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||
accounts receivable, net[1] | ||||||||||||||||||||||||||||||
inventories | -590,000 | -4,615,000 | -2,368,000 | -5,078,000 | 2,657,000 | 560,000 | 4,408,000 | 1,891,000 | 486,000 | 1,201,000 | 4,289,000 | 3,555,000 | 4,675,000 | -5,281,000 | 3,701,000 | 1,550,000 | -4,351,000 | -8,436,000 | -10,575,000 | -5,370,000 | -2,422,000 | -1,122,000 | 875,000 | -2,398,000 | -3,347,000 | -86,000 | -1,834,000 | -1,047,000 | ||
prepaid expenses and other current assets[1] | ||||||||||||||||||||||||||||||
other non-current assets | -641,000 | 225,000 | -965,000 | 19,000 | -266,000 | -356,000 | -41,000 | 163,000 | 9,000 | 300,000 | 326,000 | -156,000 | 707,000 | 499,000 | 444,000 | 2,956,000 | 642,000 | 3,231,000 | -2,320,000 | -2,246,000 | -146,000 | 59,000 | -130,000 | -228,000 | -258,000 | 62,000 | -1,622,000 | -251,000 | 201,000 | -392,000 |
accounts payable | 69,000 | 1,472,000 | -284,000 | 3,194,000 | 711,000 | 5,711,000 | -4,878,000 | -1,202,000 | -1,520,000 | -4,205,000 | 1,923,000 | -220,000 | -7,493,000 | 3,282,000 | 6,917,000 | 1,228,000 | -757,000 | -5,000 | 3,348,000 | 1,396,000 | 339,000 | 3,459,000 | -1,691,000 | -740,000 | -2,519,000 | -556,000 | 3,374,000 | 1,921,000 | -1,302,000 | -715,000 |
accrued compensation | 8,168,000 | -12,436,000 | 2,287,000 | 3,966,000 | 3,192,000 | -11,850,000 | 1,943,000 | 6,471,000 | 4,539,000 | -5,078,000 | -1,447,000 | 3,050,000 | 1,014,000 | -3,716,000 | -667,000 | 6,172,000 | 2,971,000 | -3,624,000 | 2,804,000 | 4,626,000 | 3,319,000 | -3,357,000 | 3,633,000 | 2,680,000 | -219,000 | -1,629,000 | ||||
accrued and other liabilities | ||||||||||||||||||||||||||||||
net cash from operating activities | -17,559,000 | -24,814,000 | -11,814,000 | -1,400,000 | -12,986,000 | -21,428,000 | -15,320,000 | -6,378,000 | -19,423,000 | -22,973,000 | -20,704,000 | -23,412,000 | -44,288,000 | -54,070,000 | -1,267,000 | -34,125,000 | -42,340,000 | -46,653,000 | -34,803,000 | -27,960,000 | -24,549,000 | -24,932,000 | -25,202,000 | -23,468,000 | -58,671,000 | -34,914,000 | -23,358,000 | -22,082,000 | -20,813,000 | -21,684,000 |
capital expenditures | -7,887,000 | -9,974,000 | -12,427,000 | -9,165,000 | -4,144,000 | -2,268,000 | -2,002,000 | -965,000 | -603,000 | -1,506,000 | -2,393,000 | -4,509,000 | -9,053,000 | -11,824,000 | -16,462,000 | -40,642,000 | -31,970,000 | -12,783,000 | -8,089,000 | -6,942,000 | -8,401,000 | -3,629,000 | -2,225,000 | -2,848,000 | -2,737,000 | -2,058,000 | -3,893,000 | -5,172,000 | -3,770,000 | -1,922,000 |
free cash flows | -25,446,000 | -34,788,000 | -24,241,000 | -10,565,000 | -17,130,000 | -23,696,000 | -17,322,000 | -7,343,000 | -20,026,000 | -24,479,000 | -23,097,000 | -27,921,000 | -53,341,000 | -65,894,000 | -17,729,000 | -74,767,000 | -74,310,000 | -59,436,000 | -42,892,000 | -34,902,000 | -32,950,000 | -28,561,000 | -27,427,000 | -26,316,000 | -61,408,000 | -36,972,000 | -27,251,000 | -27,254,000 | -24,583,000 | -23,606,000 |
investing activities | ||||||||||||||||||||||||||||||
purchases of property and equipment | -7,887,000 | -9,974,000 | -12,427,000 | -9,165,000 | -4,144,000 | -2,268,000 | -2,002,000 | -965,000 | -603,000 | -1,506,000 | -2,393,000 | -4,509,000 | -9,053,000 | -11,824,000 | -16,462,000 | -40,642,000 | -31,970,000 | -12,783,000 | -8,089,000 | -6,942,000 | -8,401,000 | -3,629,000 | -2,225,000 | -2,848,000 | -2,737,000 | -2,058,000 | -3,893,000 | -5,172,000 | -3,770,000 | -1,922,000 |
purchase of intangible asset | ||||||||||||||||||||||||||||||
purchases of investments | -4,718,000 | -20,509,000 | -21,136,000 | -2,732,000 | -4,932,000 | -20,593,000 | -21,193,000 | -1,746,000 | -10,637,000 | -18,329,000 | -18,090,000 | -7,821,000 | -27,787,000 | -22,647,000 | 0 | 0 | 0 | -217,639,000 | 0 | 0 | 15,497,000 | -74,292,000 | -92,444,000 | -103,901,000 | 0 | -6,537,000 | -40,310,000 | -50,639,000 | -22,790,000 | -63,835,000 |
proceeds from maturity of investments | 5,000,000 | 20,550,000 | 21,160,000 | 0 | 7,650,000 | 21,325,000 | 21,910,000 | 2,000,000 | 6,000,000 | 24,000,000 | 18,236,000 | 31,000,000 | 78,000,000 | 27,500,000 | 25,000,000 | 44,805,000 | 18,676,000 | 12,000,000 | 32,000,000 | 112,000,000 | 66,494,000 | 32,000,000 | 45,600,000 | 31,500,000 | 21,000,000 | 33,100,000 | ||||
cash paid for asset acquisition | ||||||||||||||||||||||||||||||
cash paid for investment in equity securities | ||||||||||||||||||||||||||||||
net cash from investing activities | -12,706,000 | -9,933,000 | -12,403,000 | -9,397,000 | -1,426,000 | -1,536,000 | -1,285,000 | -711,000 | -5,240,000 | 4,165,000 | -2,247,000 | 18,670,000 | 41,160,000 | -6,971,000 | 2,783,000 | 4,163,000 | -13,294,000 | -226,582,000 | 23,911,000 | 104,575,000 | 73,590,000 | -45,921,000 | -94,669,000 | -61,149,000 | 28,763,000 | 12,405,000 | -1,187,000 | -22,706,000 | -15,160,000 | -65,757,000 |
financing activities | ||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 1,789,000 | 300,000 | 3,792,000 | 1,829,000 | 772,000 | 2,950,000 | 1,917,000 | 2,915,000 | 1,317,000 | 951,000 | 171,000 | 353,000 | 251,000 | 604,000 | 1,250,000 | 764,000 | 895,000 | 3,105,000 | 2,873,000 | 2,570,000 | 3,032,000 | 6,084,000 | 5,518,000 | 1,916,000 | 1,387,000 | 1,674,000 | ||||
proceeds from the issuance of liability related to sale of future revenue | 0 | 0 | 0 | 15,000,000 | ||||||||||||||||||||||||||
proceeds from issuance under employee stock purchase plan | ||||||||||||||||||||||||||||||
repurchases of common stock for income tax withholding | -8,000 | -2,000 | -2,000 | -3,000 | -5,000 | -6,000 | -8,000 | -7,000 | -1,536,000 | -2,424,000 | -1,130,000 | -1,014,000 | -1,262,000 | -999,000 | -1,624,000 | -2,080,000 | -1,492,000 | -2,558,000 | -2,622,000 | -2,476,000 | -3,341,000 | -2,410,000 | -773,000 | -450,000 | -390,000 | -808,000 | ||||
net cash from financing activities | 4,138,000 | 298,000 | 5,574,000 | 1,826,000 | 3,196,000 | 17,944,000 | 3,627,000 | 2,908,000 | 1,828,000 | -1,473,000 | 442,000 | -661,000 | 1,525,000 | -395,000 | 1,240,000 | -1,311,000 | 271,616,000 | -1,011,000 | 1,575,000 | -765,000 | 1,451,000 | 326,921,000 | 5,574,000 | 108,064,000 | 188,037,000 | 2,057,000 | 2,928,000 | 84,285,000 | -1,634,000 | 72,999,000 |
effect of exchange rates on cash, cash equivalents and restricted cash | -6,000 | 9,000 | 163,000 | -71,000 | 104,000 | -53,000 | 73,000 | 2,000 | -65,000 | 116,000 | -48,000 | -320,000 | 73,000 | 268,000 | -318,000 | -105,000 | 21,000 | 83,000 | -133,000 | 100,000 | 48,000 | 5,000 | 27,000 | 12,000 | -27,000 | 9,000 | ||||
net decrease in cash, cash equivalents, and restricted cash | -26,133,000 | -34,440,000 | -9,042,000 | -11,112,000 | -5,073,000 | -4,179,000 | -22,900,000 | -20,165,000 | -1,530,000 | -61,168,000 | -20,443,000 | -14,442,000 | ||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 0 | 185,425,000 | 0 | 0 | 229,132,000 | 0 | 0 | 289,281,000 | 0 | 0 | 380,259,000 | 0 | 0 | 467,359,000 | 0 | 0 | 94,246,000 | 0 | 0 | 47,398,000 | 0 | 0 | 81,537,000 | |||||||
cash, cash equivalents, and restricted cash at end of period | -26,133,000 | 150,985,000 | -9,042,000 | -11,112,000 | 224,059,000 | -4,179,000 | -22,900,000 | 269,116,000 | -5,723,000 | -1,530,000 | 319,091,000 | -31,378,000 | 216,003,000 | 193,196,000 | 75,950,000 | 50,540,000 | 350,319,000 | 23,459,000 | 158,102,000 | 26,955,000 | 39,497,000 | -37,607,000 | 67,095,000 | |||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||
accounts receivable, net [2] | 6,826,000 | |||||||||||||||||||||||||||||
prepaid expenses and other current assets [3] | -7,735,000 | |||||||||||||||||||||||||||||
accrued expenses | 1,509,000 | 2,317,000 | 158,000 | 139,000 | 3,137,000 | 283,000 | 273,000 | 959,000 | 2,900,000 | 1,300,000 | -1,615,000 | 4,147,000 | -1,254,000 | 1,661,000 | -1,277,000 | 1,440,000 | 445,000 | 1,569,000 | 1,591,000 | 104,000 | -149,000 | 714,000 | -325,000 | -1,758,000 | -1,279,000 | 2,249,000 | 1,303,000 | 619,000 | 39,000 | |
other liabilities | 1,316,000 | 1,935,000 | -601,000 | -468,000 | 734,000 | -1,055,000 | -1,528,000 | -1,907,000 | 2,203,000 | -530,000 | 126,000 | -10,378,000 | 2,122,000 | 866,000 | -34,000 | 1,919,000 | -3,073,000 | 449,000 | 677,000 | 1,402,000 | 1,177,000 | -790,000 | 189,000 | 108,000 | -102,000 | -388,000 | 135,000 | |||
income taxes paid, net of refunds | 184,000 | 13,000 | 3,000 | -19,000 | 24,000 | 299,000 | 40,000 | 179,000 | 104,000 | 85,000 | 52,000 | 116,000 | 0 | 39,000 | 91,000 | 54,000 | 46,000 | -80,000 | 81,000 | 52,000 | 0 | 76,000 | 44,000 | 70,000 | 60,000 | 108,000 | 53,000 | |||
non-cash investing and financing activities | ||||||||||||||||||||||||||||||
property and equipment additions included in accounts payable and accrued expenses | 1,182,000 | -807,000 | 2,136,000 | 177,000 | -438,000 | 487,000 | -61,000 | -2,773,000 | 4,520,000 | -2,175,000 | -2,742,000 | 11,479,000 | 1,580,000 | -1,318,000 | 1,515,000 | -752,000 | 708,000 | 66,000 | 1,087,000 | -931,000 | 1,117,000 | |||||||||
operating lease right-of-use assets obtained in exchange for operating lease liabilities | 24,773,000 | 2,461,000 | 1,873,000 | 0 | 9,071,000 | 10,423,000 | 0 | 33,554,000 | 0 | 885,000 | 0 | 2,833,000 | ||||||||||||||||||
depreciation and amortization expense | 6,004,000 | |||||||||||||||||||||||||||||
impairment of long-lived assets | 0 | |||||||||||||||||||||||||||||
non-cash lease expense, net of tenant improvement allowance | ||||||||||||||||||||||||||||||
change in fair value of contingent considerations and holdbacks | ||||||||||||||||||||||||||||||
gain on sale of business | 0 | |||||||||||||||||||||||||||||
other non-cash adjustments | 240,000 | 1,152,000 | 831,000 | -20,000 | 1,179,000 | -478,000 | ||||||||||||||||||||||||
accounts receivable, net [1] | -7,210,000 | |||||||||||||||||||||||||||||
prepaid expenses and other current assets [2] | -1,895,000 | |||||||||||||||||||||||||||||
other liabilities [3] | ||||||||||||||||||||||||||||||
proceeds from sale of business | 0 | |||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | ||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | ||||||||||||||||||||||||||||||
property and equipment additions included in accrued expenses and accounts payable | ||||||||||||||||||||||||||||||
other liabilities[3] | ||||||||||||||||||||||||||||||
proceeds from issuance of common stock under employee stock purchase plan | 0 | 0 | 0 | -1,000 | 0 | 0 | ||||||||||||||||||||||||
stock-based compensation | 20,328,000 | 11,991,000 | 12,347,000 | 13,734,000 | 13,824,000 | 11,020,000 | 11,747,000 | 10,597,000 | 10,259,000 | -2,325,000 | 19,048,000 | 20,043,000 | 22,465,000 | 18,108,000 | 9,247,000 | 9,176,000 | 11,553,000 | 7,022,000 | 5,131,000 | 4,071,000 | 4,197,000 | 3,697,000 | 3,363,000 | 3,032,000 | 2,911,000 | 1,864,000 | ||||
accounts receivable | -10,722,000 | -4,537,000 | -2,954,000 | 3,997,000 | -657,000 | 8,058,000 | -1,812,000 | 5,542,000 | -3,952,000 | -4,098,000 | 662,000 | -6,439,000 | -1,813,000 | -2,032,000 | -290,000 | -581,000 | -2,215,000 | 884,000 | -13,029,000 | 1,484,000 | -1,777,000 | -950,000 | -577,000 | -3,529,000 | -1,020,000 | -1,559,000 | ||||
prepaid expenses and other current assets | 1,133,000 | -249,000 | 567,000 | 235,000 | 696,000 | -1,116,000 | -2,231,000 | -344,000 | -414,000 | -1,177,000 | 185,000 | -1,329,000 | -1,316,000 | -91,000 | -441,000 | 1,114,000 | -688,000 | -2,043,000 | 31,000 | -1,761,000 | 964,000 | -2,917,000 | 868,000 | 609,000 | -365,000 | -366,000 | ||||
property and equipment capitalized acquired through tenant improvement allowance | ||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||
gain on deconsolidation of revelar | ||||||||||||||||||||||||||||||
business acquisition, net of cash acquired | 0 | 0 | 0 | -8,160,000 | 0 | |||||||||||||||||||||||||
deconsolidation of cash and cash equivalent relating to revelar | ||||||||||||||||||||||||||||||
proceeds from public offerings, net of underwriting discounts, commissions and offering expenses | -2,000 | 6,000 | 0 | |||||||||||||||||||||||||||
repayments of long-term debt | 0 | 0 | -834,000 | -833,000 | -833,000 | -833,000 | -834,000 | -833,000 | ||||||||||||||||||||||
interest paid | 0 | 0 | 0 | 9,000 | 22,000 | 36,000 | 48,000 | 61,000 | 75,000 | 92,000 | 125,000 | 146,000 | 174,000 | 192,000 | 206,000 | 207,000 | ||||||||||||||
issuance of common stock in connection with the business acquisition | 0 | 1,768,000 | 0 | 0 | 4,608,000 | 72,514,000 | ||||||||||||||||||||||||
tenant improvement allowance capitalized in property and equipment | 0 | 0 | ||||||||||||||||||||||||||||
conversion of convertible notes | 0 | |||||||||||||||||||||||||||||
non-cash lease expense | 144,000 | 255,000 | 248,000 | 454,000 | 332,000 | 254,000 | 985,000 | 435,000 | 1,174,000 | 1,199,000 | 830,000 | -34,000 | 248,000 | 196,000 | -1,012,000 | -463,000 | 236,000 | |||||||||||||
change in fair value of acquisition consideration | -582,000 | -1,196,000 | -4,135,000 | |||||||||||||||||||||||||||
other non cash adjustments | 64,000 | 291,000 | 287,000 | |||||||||||||||||||||||||||
impairment of property and equipment and other assets | 3,165,000 | |||||||||||||||||||||||||||||
deferred tax liability | -132,000 | -500,000 | -10,545,000 | |||||||||||||||||||||||||||
other non cash adjustment | ||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -31,378,000 | 216,003,000 | -274,163,000 | 75,950,000 | 50,540,000 | 256,073,000 | 23,459,000 | 39,497,000 | ||||||||||||||||||||||
proceeds from (repayments of) long-term debt | -1,558,000 | |||||||||||||||||||||||||||||
loss on disposal of property and equipment | 0 | 0 | 0 | 2,000 | -13,000 | 194,000 | 0 | 8,000 | ||||||||||||||||||||||
discount (premium) accretion on investment securities | 92,000 | 187,000 | ||||||||||||||||||||||||||||
realized gain on investments | 0 | -1,000 | ||||||||||||||||||||||||||||
allowance for doubtful accounts | ||||||||||||||||||||||||||||||
non-cash interest expense | 0 | 0 | 0 | 3,000 | 9,000 | 14,000 | 19,000 | 25,000 | 30,000 | 35,000 | 41,000 | 46,000 | 51,000 | 57,000 | 61,000 | 64,000 | ||||||||||||||
amortization of debt discount | 0 | 0 | 0 | 4,000 | 11,000 | 17,000 | 23,000 | 30,000 | 36,000 | 43,000 | 49,000 | 56,000 | 63,000 | 67,000 | 74,000 | 78,000 | ||||||||||||||
write off property and equipment | 0 | 0 | ||||||||||||||||||||||||||||
discount accretion on investment securities | 266,000 | 472,000 | 318,000 | 122,000 | 29,000 | -11,000 | -82,000 | -150,000 | -281,000 | -447,000 | ||||||||||||||||||||
bad debt expense | 34,000 | |||||||||||||||||||||||||||||
contingent consideration and holdbacks | ||||||||||||||||||||||||||||||
change in fair value of contingent consideration and indemnity holdback | -2,826,000 | |||||||||||||||||||||||||||||
unrealized currency translation | 70,000 | |||||||||||||||||||||||||||||
deferred offering costs included in accounts payable and accrued expenses | 229,000 | -806,000 | 826,000 | |||||||||||||||||||||||||||
proceeds from sale of property and equipment | 16,000 | |||||||||||||||||||||||||||||
conversion of redeemable convertible preferred stock warrant liability to equity | 0 | 0 | 0 | 631,000 | ||||||||||||||||||||||||||
conversion of redeemable convertible preferred stock to common stock | 0 | 0 | 0 | 290,462,000 | ||||||||||||||||||||||||||
issuance of common stock in connection with the igenomx acquisition | 0 | |||||||||||||||||||||||||||||
bad debts expense | ||||||||||||||||||||||||||||||
changes in assets and liabilities, net of acquisition: | ||||||||||||||||||||||||||||||
proceeds from public offerings, net of underwriting discounts and commissions and offering expenses | -26,000 | 107,431,000 | ||||||||||||||||||||||||||||
repayments of debt | ||||||||||||||||||||||||||||||
offering expenses included in accounts payable and accrued expenses | -76,000 | |||||||||||||||||||||||||||||
accrued litigation settlement | 22,500,000 | |||||||||||||||||||||||||||||
proceeds from public offering, net of underwriting discounts and commissions and offering expenses | 324,080,000 | 2,024,000 | ||||||||||||||||||||||||||||
change in fair value of redeemable convertible preferred stock warrant liability | ||||||||||||||||||||||||||||||
maturity of investments | ||||||||||||||||||||||||||||||
proceeds from issuance of series d redeemable convertible preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||
payments of deferred offering costs | ||||||||||||||||||||||||||||||
borrowings of long-term debt | ||||||||||||||||||||||||||||||
fair value of warrants issued in connection with debt | ||||||||||||||||||||||||||||||
accrued payroll | 2,440,000 | 2,175,000 | -140,000 | |||||||||||||||||||||||||||
proceeds from issuance of common stock and exercise of stock options | 864,000 | 25,000 | 220,000 | |||||||||||||||||||||||||||
principal repayment on long term debt | -834,000 | |||||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts, commissions and offering expenses | -826,000 | 72,779,000 | ||||||||||||||||||||||||||||
changes in assets and liabilities, net of impact of business combination: | ||||||||||||||||||||||||||||||
inventory | 467,000 | |||||||||||||||||||||||||||||
change in restricted cash | ||||||||||||||||||||||||||||||
cash acquired through business combination | ||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | ||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||
fair value of common stock issued to owners of genome compiler corporation |
