10x Genomics (TXG) 10-K 16 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-39035
Entity Registrant Name	10x Genomics, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-5614458
Entity Address, Address Line One	6230 Stoneridge Mall Road
Entity Address, City or Town	Pleasanton
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94588
City Area Code	(925)
Local Phone Number	401-7300
Title of 12(b) Security	Class A common stock, par value $0.00001 per share
Trading Symbol	TXG
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 4.5
Documents Incorporated by Reference	Portions of the registrant’s Definitive Proxy Statement relating to the registrant’s 2023 Annual Meeting of Shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Such Definitive Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended December 31, 2022.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001770787
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		97,139,249
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		18,217,255

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	San Jose, California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 219,746	$ 587,447
Marketable securities	210,238	0
Restricted cash	2,633	1,028
Accounts receivable, net	104,211	85,254
Inventory	81,629	59,966
Prepaid expenses and other current assets	16,578	13,896
Total current assets	635,035	747,591
Property and equipment, net	289,328	169,492
Restricted cash	4,974	7,598
Operating lease right-of-use assets	69,882	60,918
Goodwill	4,511	4,511
Intangible assets, net	22,858	25,397
Other noncurrent assets	2,392	3,319
Total assets	1,028,980	1,018,826
Current liabilities:
Accounts payable	21,599	17,351
Accrued compensation and related benefits	32,675	31,626
Accrued expenses and other current liabilities	59,779	50,909
Deferred revenue	7,867	5,340
Operating lease liabilities	9,037	5,131
Total current liabilities	130,957	110,357
Accrued license fee, noncurrent	0	5,814
Operating lease liabilities, noncurrent	86,139	76,847
Other noncurrent liabilities	6,141	8,240
Total liabilities	223,237	201,258
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock, $0.00001 par value; 100,000,000 shares authorized, no shares issued or outstanding as of December 31, 2022 and December 31, 2021	0	0
Common stock, $0.00001 par value; 1,100,000,000 shares authorized (Class A 1,000,000,000, Class B 100,000,000); 115,195,009 (Class A 96,527,754, Class B 18,667,255) and 112,514,977 (Class A 92,868,512, Class B 19,646,465) shares issued and outstanding as of December 31, 2022 and 2021	2	2
Additional paid-in capital	1,839,397	1,680,865
Accumulated deficit	(1,029,321)	(863,321)
Accumulated other comprehensive income (loss)	(4,335)	22
Total stockholders’ equity	805,743	817,568
Total liabilities and stockholders’ equity	$ 1,028,980	$ 1,018,826

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Preferred Stock, Par Value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred Stock, Shares Authorized (in shares)	100,000,000	100,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0
Common Stock, Par Value (in dollars per share)	$ 0.00001	$ 0.00001
Common Stock, Shares Authorized (in shares)	1,100,000,000	1,100,000,000
Common Stock, Shares, Issued (in shares)	115,195,009	112,514,977
Common Stock, Shares, Outstanding (in shares)	115,195,009	112,514,977
Common Class A
Common Stock, Par Value (in dollars per share)	$ 0.00001
Common Stock, Shares Authorized (in shares)	1,000,000,000
Common Stock, Shares, Issued (in shares)	96,527,754	92,868,512
Common Stock, Shares, Outstanding (in shares)	96,527,754	92,868,512
Common class B
Common Stock, Par Value (in dollars per share)	$ 0.00001
Common Stock, Shares Authorized (in shares)	100,000,000
Common Stock, Shares, Issued (in shares)	18,667,255	19,646,465
Common Stock, Shares, Outstanding (in shares)	18,667,255	19,646,465

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 516,409	$ 490,490	$ 298,845
Cost of revenue	120,386	74,091	58,468
Gross profit	396,023	416,399	240,377
Operating expenses:
Research and development	265,667	211,752	123,375
In-process research and development	0	0	447,548
Selling, general and administrative	298,300	257,560	202,326
Accrued contingent liabilities	0	(660)	1,270
Total operating expenses	563,967	468,652	774,519
Loss from operations	(167,944)	(52,253)	(534,142)
Other income (expense):
Interest income	6,647	206	1,532
Interest expense	(476)	(866)	(1,682)
Other (expense) income, net	(198)	(802)	1,337
Loss on extinguishment of debt	0	0	(1,521)
Total other income (expense)	5,973	(1,462)	(334)
Loss before provision for income taxes	(161,971)	(53,715)	(534,476)
Provision for income taxes	4,029	4,508	8,255
Net loss	$ (166,000)	$ (58,223)	$ (542,731)
Net loss per share, basic (in dollars per share)	$ (1.46)	$ (0.53)	$ (5.37)
Net loss per share, diluted (in dollars per share)	$ (1.46)	$ (0.53)	$ (5.37)
Weighted-average shares used to compute net loss per share, basic (in shares)	113,858,684	110,347,937	101,151,675
Weighted-average shares used to compute net loss per share, diluted (in shares)	113,858,684	110,347,937	101,151,675

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (166,000)	$ (58,223)	$ (542,731)
Other comprehensive income (loss), net of tax:
Unrealized losses on available-for-sale marketable securities	(4,116)	0	0
Foreign currency translation adjustment	(241)	72	(4)
Other comprehensive income (loss), net of tax	(4,357)	72	(4)
Comprehensive loss	$ (170,357)	$ (58,151)	$ (542,735)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Common Class A	Common Class A Common Stock	Common Class A Additional Paid-in Capital
Beginning balance (in shares) at Dec. 31, 2019		96,241,596
Beginning balance at Dec. 31, 2019	$ 420,083	$ 2	$ 682,494	$ (262,367)	$ (46)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A common stock related to equity awards (in shares)							5,742,931
Issuance of Class A common stock related to equity awards						$ 23,743		$ 23,743
Sale of Class A common stock (in shares)							4,600,000
Sale of Class A common stock						482,267		482,267
Issuance of Class A common stock for asset acquisition (in shares)							1,901,382
Issuance of Class A common stock for asset acquisition						306,000		306,000
Vesting of shares subject to repurchase, including early exercised options	247		247
Stock-based compensation	49,467		49,467
Net loss	(542,731)			(542,731)
Other comprehensive income (loss)	(4)				(4)
Ending balance (in shares) at Dec. 31, 2020		108,485,909
Ending balance at Dec. 31, 2020	739,072	$ 2	1,544,218	(805,098)	(50)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A common stock related to equity awards (in shares)							4,029,068
Issuance of Class A common stock related to equity awards						40,325		40,325
Vesting of shares subject to repurchase, including early exercised options	154		154
Stock-based compensation	96,168		96,168
Net loss	(58,223)			(58,223)
Other comprehensive income (loss)	72				72
Ending balance (in shares) at Dec. 31, 2021		112,514,977
Ending balance at Dec. 31, 2021	817,568	$ 2	1,680,865	(863,321)	22
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A common stock related to equity awards (in shares)							2,680,032
Issuance of Class A common stock related to equity awards						$ 21,226		$ 21,226
Vesting of shares subject to repurchase, including early exercised options	96		96
Stock-based compensation	137,210		137,210
Net loss	(166,000)			(166,000)
Other comprehensive income (loss)	(4,357)				(4,357)
Ending balance (in shares) at Dec. 31, 2022		115,195,009
Ending balance at Dec. 31, 2022	$ 805,743	$ 2	$ 1,839,397	$ (1,029,321)	$ (4,335)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net loss	$ (166,000)	$ (58,223)	$ (542,731)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	25,368	21,118	14,012
Stock-based compensation expense	136,848	95,962	48,626
Loss on disposal of property and equipment	1,086	79	29
Loss on extinguishment of debt	0	0	1,521
Amortization of premium and accretion of discount on marketable securities, net	871	0	0
Amortization of right-of-use assets	7,638	7,136	5,009
Class A common stock issued for in-process research and development	0	0	306,000
Accretion of discount on term loan	0	0	17
Changes in operating assets and liabilities:
Accounts receivable	(18,948)	(34,041)	(17,847)
Inventory	(21,192)	(30,132)	(14,601)
Prepaid expenses and other current assets	(4,495)	(1,053)	(5,265)
Other noncurrent assets	925	1,045	(2,686)
Accounts payable	5,858	11,084	(7,770)
Accrued compensation and other related benefits	1,114	16,337	2,936
Deferred revenue	3,350	1,535	2,023
Accrued contingent liabilities	0	(44,173)	(24,485)
Accrued expenses and other current liabilities	3,336	(873)	25,917
Operating lease liability	(6,423)	(2,469)	(4,832)
Other noncurrent liabilities	(2,942)	(4,705)	(3,771)
Net cash used in operating activities	(33,606)	(21,373)	(217,898)
Investing activities:
Purchase of marketable securities	(282,871)	0	0
Purchases of property and equipment	(131,661)	(101,278)	(36,666)
Acquisition of business, net of cash acquired	(4,000)	(5,451)	0
Acquisition of intangible assets	0	0	(1,728)
Proceeds from sales of marketable securities	49,117	0	0
Proceeds from maturities of marketable securities	18,528	0	0
Net cash used in investing activities	(350,887)	(106,729)	(38,394)
Financing activities:
Payments on term loans	0	0	(31,256)
Payments on technology license financing arrangement	(5,409)	(5,028)	(5,848)
Proceeds from issuance of common stock upon initial and follow-on public offerings, net of issuance costs	0	0	482,267
Issuance of common stock from exercise of stock options and employee stock purchase plan purchases	21,226	40,325	23,743
Net cash provided by financing activities	15,817	35,297	468,906
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(44)	234	(463)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(368,720)	(92,571)	212,151
Cash, cash equivalents, and restricted cash at beginning of year	596,073	688,644	476,493
Cash, cash equivalents, and restricted cash at end of year	227,353	596,073	688,644
Supplemental disclosures of cash flow information:
Cash paid for interest	841	1,222	1,670
Cash paid for taxes	3,925	8,660	280
Noncash investing and financing activities
Purchases of property and equipment included in accounts payable, accrued expenses and other current liabilities	26,750	16,972	2,983
Right-of-use assets obtained in exchange for new operating lease liabilities	16,562	21,284	13,562
Contingent consideration payable related to business acquisition	$ 0	$ 1,500	$ 0

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Organization and Description of Business 10x Genomics, Inc. (the “Company”) is a life sciences technology company focused on building innovative products and solutions to interrogate, understand and master biological systems at resolution and scale that matches the complexity of biology. The Company’s integrated solutions include the Company’s Chromium X Series and Chromium Connect instruments, which the Company refers to as “Chromium instruments,” the Company's Visium CytAssist and Xenium Analyzer instruments and the Company’s proprietary microfluidic chips, slides, reagents and other consumables for the Company's Chromium, Visium and Xenium solutions, which the Company refers to as “consumables.” The Company bundles its software with these products to guide customers through the workflow, from sample preparation through analysis and visualization. The Company was incorporated in the state of Delaware in July 2012 and began commercial and manufacturing operations and selling its instruments and consumables in 2015. The Company is headquartered in Pleasanton, California and has wholly-owned subsidiaries in Asia, Europe and North America. Basis of Presentation

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, disclosure of contingent liabilities, and the reported amounts of revenue and expense. These judgments, estimates and assumptions are used for, but not limited to, revenue recognition, inventory valuation and write-downs, accounting for asset and business acquisitions and the valuation of stock-based compensation awards. The Company bases its estimates on various factors and information, which may include, but are not limited to, history and prior experience, the Company’s forecasts and future plans, current economic conditions and information from third-party professionals that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities and recorded amounts of expenses that are not readily apparent from other sources. To the extent there are material differences between the Company’s estimates and the actual results, the Company’s future consolidated results of operation may be affected. The inputs into our judgments and estimates consider the economic implications of COVID-19 on our critical and significant accounting estimates. Segment Information The Company operates as a single operating segment. The Company’s chief operating decision maker, its Chief Executive Officer, manages the Company’s operations on a consolidated basis for the purposes of allocating resources, making operating decisions and evaluating financial performance. Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with an original maturity of three months or less from the date of purchase to be cash equivalents. Cash equivalents consist of amounts invested in money market funds and are stated at fair value. As of December 31, 2022, short-term restricted cash of $2.6 million and long-term restricted cash of $5.0 million primarily represents cash on deposit with financial institutions as security for letters of credit outstanding for the benefit of the landlord related to the Company’s non-cancelable operating leases for its corporate headquarters (see “Commitments and Contingencies” below). The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands): Year Ended December 31, 2022 2021 2020 Cash and cash equivalents $ 219,746 $ 587,447 $ 663,603 Restricted cash 7,607 8,626 25,041 Total cash, cash equivalents and restricted cash $ 227,353 $ 596,073 $ 688,644 Marketable Securities The Company designates investments in debt securities as available-for-sale. Available-for-sale debt securities with original maturities of three months or less from the date of purchase are classified within cash and cash equivalents. Available-for-sale debt securities with original maturities longer than three months are available to fund current operations and are classified as marketable securities, within current assets on the balance sheet. Available-for-sale debt securities are reported at fair value with the related unrealized gains and losses included in "Accumulated other comprehensive income (loss)," a component of stockholders’ equity, net of tax. Realized gains (losses) on the sale of marketable securities are determined using the specific-identification method and recorded in “Other (expense) income, net” in the Consolidated Statements of Operations. The available-for-sale debt securities are subject to a periodic impairment review. For investments in an unrealized loss position, the Company determines whether a credit loss exists by considering information about the collectability of the instrument, current market conditions and reasonable and supportable forecasts of economic conditions. The Company recognizes an allowance for credit losses, up to the amount of the unrealized loss when appropriate, and writes down the amortized cost basis of the investment if it is more likely than not that the Company will be required or will intend to sell the investment before recovery of its amortized cost basis. Allowances for credit losses and write-downs are recognized in “Other (expense) income, net,” and unrealized losses not related to credit losses are recognized in “Accumulated other comprehensive income (loss).” There are no allowances for credit losses for the periods presented. As of December 31, 2022, the gross unrealized losses on available-for-sale securities are related to market interest rate changes and not attributable to credit. Fair Value of Financial Instruments Cash equivalents are comprised of money market funds which are classified as Level 1 in the fair value hierarchy. Assets recorded at fair value on a recurring basis in the balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value is defined as the exchange price that would be received for an asset in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The authoritative guidance on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows: Level 1 - Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date; Level 2 - Inputs are observable, unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities; and Level 3 - Unobservable inputs that are significant to the measurement of the fair value of the assets or liabilities that are supported by little or no market data. The Company’s financial instruments consist of Level 1 and Level 2 assets. Where quoted prices are available in an active market, securities are classified as Level 1. Money market funds are classified as Level 1. Level 2 assets consist primarily of corporate bonds, asset-backed securities, commercial paper, U.S. Government Treasury and agency securities, and debt securities in government-sponsored entities based upon quoted market prices for similar movements in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs obtained from various third party-data providers, including but not limited to, benchmark yields, interest rate curves, reported trades, broker/dealer quotes and reference data. Accounts Receivable, Net Accounts receivable consist of amounts due from customers for the sales of products and services. The Company reviews its accounts receivable and provides allowances of specific amounts if collectability is no longer reasonably assured based on historical experience and specific customer collection issues. The allowance for doubtful accounts was $0.1 million and $0 as of December 31, 2022 and 2021, respectively. Business Concentrations The Company’s instruments are mostly assembled and tested by third party contract manufacturers in Asia and the United States. The Company’s agreement with the contract manufacturers contains purchase commitments. In addition, the Company is reliant on several suppliers for key components for its reagent kits. A significant disruption in the operations of the contract manufacturers or suppliers may impact the production of the Company’s products for a substantial period of time, which could have a material adverse effect on its business, financial condition and results of operations. Concentrations Financial instruments that potentially subject the Company to credit risk consist of cash equivalents, marketable securities (as described in this footnote under the header “Marketable Securities” above) and accounts receivable. The Company’s cash and cash equivalents held with large financial institutions in the United States and deposits exceed the Federal Deposit Insurance Corporation’s insurance limit. The Company performs periodic evaluations of the risks associated with its investments and the relative credit standing of these financial institutions. The Company performs ongoing credit evaluations of its customers’ financial condition. The Company does not require collateral from its customers but may require upfront payments from certain customers. The Company has not experienced material credit losses to date. For the years ended December 31, 2022, 2021, and 2020, no single customer represented more than 10% of revenue. As of December 31, 2021, one of the Company's distributors accounted for 11% of the Company’s outstanding accounts receivable. No customer or distributor represented more than 10% of the Company’s outstanding accounts receivable as of December 31, 2022. Substantially all the Company’s long-lived assets are located in the United States. Inventory Inventory is recorded at the lower of cost, determined on a first-in, first-out basis, or net realizable value. The Company uses judgment to analyze and determine if the composition of its inventory is obsolete, slow-moving, unsalable or otherwise carried above the net realizable value and frequently reviews such determinations. The Company writes down specifically identified unusable, obsolete, slow-moving or known unsalable inventory and inventory otherwise carried above the net realizable value in the period that it is first recognized by using a number of factors including product expiration dates, open and unfulfilled orders and sales forecasts. Net realizable value is determined using the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Any write-down of its inventory to net realizable value establishes a new cost basis and will be maintained even if certain circumstances suggest that the inventory is recoverable in subsequent periods. Costs associated with the write-down of inventory are recorded to cost of revenue on the Company’s consolidated statements of operations. Leases The Company determines if an arrangement is or contains a lease at inception by assessing whether the arrangement contains an identified asset and whether it has the right to control the identified asset. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease liabilities are recognized at the lease commencement date based on the present value of future lease payments over the lease term. ROU assets are based on the measurement of the lease liability and also include any lease payments made prior to or on lease commencement and exclude lease incentives and initial direct costs incurred, as applicable. As the implicit rate in the Company’s leases is generally unknown, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future lease payments. The Company gives consideration to its credit risk, term of the lease and total lease payments and adjusts for the impacts of collateral, as necessary, when calculating its incremental borrowing rates. The lease terms may include options to extend or terminate the lease when the Company is reasonably certain it will exercise such options. Lease costs for the Company’s operating leases are recognized on a straight-line basis within operating expenses and costs of goods sold over the reasonably assured lease term. The Company has elected to not separate lease and non-lease components for any leases within its existing classes of assets and, as a result, accounts for any lease and non-lease components as a single lease component. The Company has also elected to not apply the recognition requirement to any leases within its existing classes of assets with a term of 12 months or less. Internal-Use Software The Company capitalizes costs incurred to develop internal-use software within property and equipment, net and capitalizes costs to develop hosting arrangements within other noncurrent assets in the consolidated balance sheets. Costs incurred during the preliminary planning and evaluation and post implementation stages of the project are expensed as incurred. Costs incurred during the application development stage of the project are capitalized. These costs are amortized on a straight-line basis over the estimated useful life of the asset. Property and Equipment, Net Property and equipment is stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method based on the estimated useful lives of the following assets: Useful Life (Years) Laboratory equipment and machinery 3 - 5 Computer equipment 2 - 3 Furniture and fixtures 3 Leasehold improvements 1 - 11 Impairment of Long-Lived Assets The Company evaluates long-lived assets, such as property and equipment and intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If indicators of impairment exist and the undiscounted future cash flows that the assets are expected to generate are less than the carrying value of the assets, the Company reduces the carrying amount of the assets to their estimated fair values based on a discounted cash flow approach or, when available and appropriate, to comparable market values. There were no impairment losses recorded for the years ended December 31, 2022, 2021 and 2020. Product Warranties The Company generally provides a one-year warranty on its instruments. The Company reviews its exposure to estimated warranty obligations associated with instrument sales and establishes an accrual based on historical product failure rates and actual warranty costs incurred. This expense is recorded as a component of cost of revenue in the consolidated statements of operations. Deferred Revenue Deferred revenue consists of payments received in advance of revenue recognition primarily related to instrument service agreements, also referred to as extended warranties. Revenue under these agreements is recognized over the related service period. Deferred revenue expected to be recognized during the 12 months following the balance sheet date is recorded as current portion of deferred revenue and the remaining portion is recorded as long-term. Revenue Recognition The Company generates revenue from sales of products and services, and its products consist of instruments and consumables. Revenue from product sales is recognized when control of the product is transferred, which is generally upon shipment to the customer. Instrument service agreements, which relate to extended warranties, are typically entered into for one-year terms, following the expiration of the standard one-year warranty period. Revenue for extended warranties is recognized ratably over the term of the extended warranty period as a stand ready performance obligation. Revenue is recorded net of discounts, distributor commissions and sales taxes collected on behalf of governmental authorities. Customers are invoiced generally upon shipment, or upon order for services, and payment is typically due within 45 days. Cash received from customers in advance of product shipment or providing services is recorded as a contract liability. The Company’s contracts with its customers generally do not include rights of return or a significant financing component. The Company regularly enters into contracts that include various combinations of products and services which are generally distinct and accounted for as separate performance obligations. The transaction price is allocated to each performance obligation in proportion to its standalone selling price. The Company determines standalone selling price using average selling prices with consideration of current market conditions. If the product or service has no history of sales or if the sales volume is not sufficient, the Company relies upon prices set by management, adjusted for applicable discounts. Cost of Revenue Cost of revenue primarily consists of manufacturing costs incurred in the production process, including personnel and related costs, component materials, labor and overhead, packaging and delivery costs and allocated costs including facilities and information technology. In addition, cost of product revenue includes royalty costs for licensed technologies included in the Company’s products, warranty costs and provisions for slow-moving and obsolete inventory. Shipping and Handling Costs Shipping and handling charged to customers are recorded as revenue. Shipping and handling costs are included in the Company’s cost of revenue. Research and Development Research and development costs are expensed in the period incurred. Research and development expense consists of personnel and related costs, independent contractor costs, laboratory supplies, equipment maintenance, prototype and materials expenses, amortization of developed technology and intangibles and allocated costs including facilities and information technology. See Note 4 for discussion of in-process research and development included on the consolidated statements of operations. Advertising Costs Advertising costs are expensed as incurred. The Company incurred advertising costs of $3.7 million, $4.7 million, and $1.9 million for the years ended December 31, 2022, 2021, and 2020, respectively. Stock-Based Compensation The Company’s stock-based compensation expense relates to stock options, restricted stock units (“RSUs”), market-based performance stock awards ("PSAs") including performance stock options and performance RSUs granted pursuant to equity incentive plans, and stock purchase rights under an Employee Stock Purchase Plan (“ESPP”). Stock-based compensation expense for its stock-based awards is based on their grant date fair value. The Company determines the fair value of RSUs based on the closing price of its stock, which is listed on the Nasdaq Stock Market LLC, at the date of the grant. The Company estimates the fair value of stock option awards under an equity incentive plan and stock purchase rights under an ESPP on the grant date using the Black-Scholes option-pricing model. The fair values of stock-based awards excluding PSAs are recognized as compensation expense on a straight-line basis over the requisite service period in which the awards are expected to vest and forfeitures are recognized as they occur. The Black-Scholes model considers several variables and assumptions in estimating the fair value of stock-based awards. These variables include the per share fair value of the underlying common stock, exercise price, expected term, risk-free interest rate, expected annual dividend yield and the expected stock price volatility over the expected term. The Company calculated the expected term using the simplified method, which is the mid-point between the vesting and contractual term. Due to the short trading period of the Company's stock, the Company has estimated volatility by reference to the historical volatilities of similar publicly traded peer companies. The risk-free interest rate is based on the yield available on U.S. Treasury zero-coupon issues similar in duration to the expected term of the equity-settled award. For PSAs, the Company derives the valuation of the award and the requisite service period for each separately vesting portion of the award using a Monte Carlo simulation model and the related compensation expense is recognized over the derived service period using the accelerated attribution method commencing on the grant date. The derived service period is the median duration of the successful stock price paths to meet the respective escalating stock price thresholds as simulated in the Monte Carlo valuation model which uses assumptions such as volatility, risk-free interest rate, cost of equity and dividend estimated for the performance period of the PSAs. If the related market condition is achieved earlier than its estimated derived service period, the stock-based compensation expense will be accelerated, and a cumulative catch-up expense will be recorded during the period in which the market condition is met. Foreign Currency For foreign subsidiaries where the functional currency is the local currency, assets and liabilities are translated to the U.S. dollar using month-end exchange rates, and revenue and expenses using average exchange rates. The adjustments resulting from these foreign currency translations are recorded in “Accumulated other comprehensive income (loss).” For entities where the functional currency is the U.S. dollar, monetary assets and liabilities are remeasured using exchange rates in effect at the balance sheet dates and non-monetary assets and liabilities are remeasured at historical exchange rates. Revenue and expenses are remeasured at the average exchange rates for the period. Gains or losses from foreign currency remeasurement are included in “other (expense) income, net” in the consolidated statements of operations. The Company recognized foreign currency transaction gains of $0.2 million and $1.3 million for the years ended December 31, 2022 and December 31, 2020, and foreign currency transaction losses of $0.9 million for the year ended December 31, 2021, respectively. Income Taxes The Company uses the asset and liability method of accounting for income taxes, in which deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply in the years in which those tax assets and liabilities are expected to be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. The Company’s tax positions are subject to income tax audits. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is more likely than not (greater than 50% likely) to be realized upon settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in its tax provision. The Company calculates the current and deferred income tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed income tax returns are recorded when identified. The amount of income tax paid is subject to examination by U.S. federal state and foreign tax authorities. The estimate of the potential outcome of any uncertain tax issue is subject to management’s assessment of the relevant risks, facts and circumstances existing at that time. To the extent the assessment of such tax position changes, the change in estimate is recorded in the period in which the determination is made. Net Loss Per Share Net loss per share is computed using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights and sharing of losses, of the Class A common stock and Class B common stock are identical, other than voting rights. As the liquidation and dividend rights and sharing of losses are identical, the undistributed earnings are allocated on a proportionate basis and the resulting net loss per share will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis. Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, adjusted for outstanding shares that are subject to repurchase. For the calculation of diluted net loss per share, basic net loss per share is adjusted by the effect of dilutive securities including awards under the Company’s equity compensation plans. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding. For periods in which the Company reports net losses, diluted net loss per share is the same as basic net loss per share because potentially dilutive shares of common stock are not assumed to have been issued if their effect is anti-dilutive. Acquisitions The Company evaluates acquisitions of assets and other similar transactions to assess whether or not the transaction should be accounted for as a business combination or asset acquisition by first applying a screen to determine if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. If the screen is met, the transaction is accounted for as an asset acquisition. If the screen is not met, further determination is required as to whether or not the Company has acquired inputs and processes that have the ability to create outputs which would meet the requirements of a business in which case the transaction is accounted for using the acquisition method of accounting, which requires, among other things, that assets acquired and liabilities assumed be recognized at their estimated fair values as of the acquisition date, and that the fair value of acquired intangibles be recorded on the balance sheet. Transaction costs are expensed as incurred. Any excess of the purchase price over the assigned fair values of the net assets acquired is recorded as goodwill. Goodwill is not amortized, rather assessed, at least annually, for impairment at a reporting unit level. During the goodwill impairment review, the Company assesses qualitative factors to determine whether it is more likely than not that the fair value of its reporting unit is less than the carrying amount, including goodwill. The qualitative factors include, but are not limited to, macroeconomic conditions, industry and market considerations, and the overall financial performance. If, after assessing the totality of these qualitative factors, we determine that it is not more likely than not that the fair values of our reporting unit is less than the carrying amount, then no additional assessment is deemed necessary. Otherwise, we proceed to compare the estimated fair values of the reporting unit with the carrying value, including goodwill. If the carrying amounts of the reporting unit exceed the fair value, we record an impairment loss based on the difference. The Company accounts for an asset acquisition under ASC, Business Combinations Topic 805, Subtopic 50 , which requires the acquiring entity in an asset acquisition to recognize net assets based on the cost to the acquiring entity on a relative fair value basis, which includes transaction costs in addition to consideration given. Goodwill is not recognized in an asset acquisition; any excess consideration transferred over the fair value of the net assets acquired is allocated to the non-monetary identifiable assets based on relative fair values. In-process research and development expense is expensed as incurred provided there is no alternative future use. Contingent consideration payments in asset acquisitions are recognized when the contingency is resolved and the consideration is paid or becomes payable (unless the contingent consideration meets the definition of a derivative, in which case the amount becomes part of the basis in the asset acquired). Upon recognition of the contingent consideration payment, the amount is included in the cost of the acquired asset or group of assets.

Restructuring

Restructuring	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring On August 3, 2022, the Company implemented a reduction in force plan in order to decrease costs and maintain a streamlined organization to support the business. Restructuring charges of $4.2 million associated with this plan, comprised primarily of severance-related costs, were recorded during the year ended December 31, 2022. The following table is a summary of restructuring costs related to the restructuring as of December 31, 2022 (in thousands): Severance and Benefits Costs Stock-Based Compensation Expense Total Balance at January 1, 2022 $ — $ — $ — Restructuring charge 3,600 616 4,216 Cash payments made (3,385) — (3,385) Non-cash charge — (616) (616) Balance at December 31, 2022 $ 215 $ — $ 215 Restructuring costs of $0.3 million, $1.4 million and $2.5 million were recorded in cost of revenue, research and development expense, and selling, general and administrative expense, respectively, in the Company's consolidated statements of operations during the year ended December 31, 2022. The restructuring activities were substantially completed as of December 31, 2022.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2021 Acquisition Tetramer Shop Acquisition On January 8, 2021 (the "acquisition date"), the Company purchased 100% of the outstanding shares of Tetramer Shop ApS (“Tetramer Shop”), a privately held company based in Copenhagen, Denmark, for a total cash consideration of $8.5 million, net of cash acquired of $0.2 million and including $1.5 million of fair value of contingent consideration. The contingent consideration was recorded as a liability on the acquisition date and was paid in 2022 upon the successful completion of the transfer of Tetramer Shop's technology. Tetramer Shop was a life sciences technology company which developed and provided reagents for precise monitoring of antigen-specific T-cells in research and development. The Company acquired Tetramer Shop for its expertise in building empty, loadable major histocompatibility complex (MHC) molecules. The acquisition was accounted for using the acquisition method of accounting, with Tetramer Shop treated as the acquiree. The acquired assets, including identified intangible assets, and liabilities were recorded at their respective fair values with an amount recorded to goodwill representing the difference between the acquisition consideration and the fair value of the identifiable net assets. The fair values assigned to the assets acquired and liabilities assumed were based on management’s assumptions as of the reporting date. Our consolidated statements of operations include the financial results of Tetramer Shop subsequent to the acquisition date. Revenue related to Tetramer Shop since the acquisition date was included in our consolidated statements of operations. The fair value of assets acquired, including goodwill and intangibles, and liabilities assumed as of the acquisition date were as follows (in thousands): Amount Cash and cash equivalents $ 224 Other assets acquired 83 Tangible assets acquired 307 Other liabilities assumed (652) Deferred tax liability - non-current (1,131) Total net tangible assets acquired and liabilities assumed (1,476) Intangible assets 5,640 Goodwill 4,511 Net assets acquired $ 8,675 The intangible assets as of the acquisition date included (in thousands): Amount Weighted Average Useful Life (in years) Developed technology $ 5,500 10 Customer relationships 140 3 $ 5,640 The fair value of the intangible assets acquired in connection with the acquisition was determined using either the income or replacement cost methodologies. The developed technology and customer relationships will be amortized over ten years and three years, respectively. Identifiable Intangible Assets Developed technology acquired primarily consists of existing technology related to developing reagents for precise monitoring of antigen-specific T-cells in research and development, enabling the Company to strengthen its efforts in immunology. The Company valued the developed technology using the multi-period excess earnings method under the income approach. Using this approach, the final fair values were calculated using expected future cash flows discounted to their net present values at an appropriate risk-adjusted rate of return. Goodwill The excess of purchase price over the fair value assigned to the assets acquired and liabilities assumed represents the amount of goodwill resulting from the acquisition. The Company does not expect any portion of this goodwill to be deductible for tax purposes. The goodwill attributable to the acquisition was recorded as a noncurrent asset and is not amortized but is subject to an annual review for impairment. 2020 Acquisitions ReadCoor Acquisition On October 13, 2020, the Company purchased all of the outstanding shares of ReadCoor Inc. (“ReadCoor”), a privately held company based in Cambridge, MA, for $407.4 million, inclusive of $1.6 million of transaction costs and net of cash acquired of $9.2 million. The total purchase consideration comprised of $101.4 million in cash and $306.0 million in shares of the Company's common stock. The purchase agreement provided for the Company to issue 1,901,382 shares of the Company’s class A common stock which was based on a contractual value of $250.0 million divided by the ten-day weighted average price of the Company's common stock shortly prior to the acquisition. In determining the total purchase consideration paid for ReadCoor, these shares were valued at $306.0 million based on the fair value of the Company’s class A common stock on the acquisition date. ReadCoor developed In Situ RNA analysis technology, consisting of a suite of proprietary reagents, which enabled researchers to visualize spatially resolved RNA expression profiles with sub-cellular resolution throughout fresh frozen or formalin-fixed, paraffin-embedded tissue sections. The transaction was accounted for as an asset acquisition. In connection with this acquisition, the Company acquired an in-process research and development intangible asset of $406.9 million which did not have alternative future use and therefore was recognized as an expense and included as a component of in-process research and development in the consolidated statements of operations and comprehensive loss. The Company also acquired an intangible asset of $0.9 million related to assembled workforce which is included in other noncurrent assets in the consolidated balance sheets. The following table summarizes the value of assets acquired and liabilities assumed (in thousands): Assets Acquired and Liabilities Assumed In-process research and development $ 406,911 Intangible asset 927 Other assets and liabilities, net (406) Total net assets acquired $ 407,432 CartaNA Acquisition On August 21, 2020, the Company purchased all of the outstanding shares of CartaNA AB (“CartaNA”), a privately held company based in Stockholm, Sweden, for $41.8 million, inclusive of $0.6 million of transaction costs and net of cash acquired of $1.5 million. CartaNA developed In Situ RNA analysis technology, consisting of a suite of proprietary reagents, which enabled researchers to visualize spatially resolved RNA expression profiles with sub-cellular resolution throughout fresh frozen or formalin-fixed, paraffin-embedded tissue sections. The transaction was accounted for as an asset acquisition. In connection with this acquisition, the Company acquired an in-process research and development intangible asset of $40.6 million which did not have alternative future use and therefore was recognized as an expense and included as a component of in-process research and development in the consolidated statements of operations and comprehensive loss. The Company also acquired $0.8 million in intangible assets related to customer relationships and assembled workforce which are included in other noncurrent assets in the consolidated balance sheets. The following table summarizes the value of assets acquired and liabilities assumed (in thousands): Assets Acquired and Liabilities Assumed In-process research and development $ 40,637 Intangible assets 801 Other assets and liabilities, net 348 Total net assets acquired $ 41,786

Other Financial Statement Infor

Other Financial Statement Information	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Financial Statement Information	Other Financial Statement Information Available-for-sale Securities Available-for-sale securities at December 31, 2022 consisted of the following (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Fair Value Measurement Cash equivalents: Money market funds $ 163,184 $ — $ — $ 163,184 Level 1 Marketable securities: Corporate debt securities 153,794 4 (2,768) 151,030 Level 2 Government debt securities 54,136 — (1,247) 52,889 Level 2 Asset-backed securities 6,424 — (105) 6,319 Level 2 Total available-for-sale securities $ 377,538 $ 4 $ (4,120) $ 373,422 As of December 31, 2021, the Company held $548.0 million in money market funds with no unrealized gains or losses. The contractual maturities of marketable securities as of December 31, 2022 were as follows (in thousands): Fair Value Due in one year or less $ 144,543 Due after one year to five years 65,695 $ 210,238 Inventory Inventory was comprised of the following (in thousands): December 31, 2022 2021 Purchased materials $ 34,497 $ 31,954 Work in progress 24,650 14,052 Finished goods 22,482 13,960 Inventory $ 81,629 $ 59,966 Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): December 31, 2022 2021 Land $ 36,780 $ 36,099 Laboratory equipment and machinery 54,658 44,189 Computer equipment 12,565 12,294 Furniture and fixtures 9,642 6,208 Leasehold improvements 91,518 67,532 Construction in progress 152,995 52,191 Total property and equipment 358,158 218,513 Less: accumulated depreciation and amortization (68,830) (49,021) Property and equipment, net $ 289,328 $ 169,492 Depreciation expense was $22.8 million, $18.5 million and $12.3 million for the years ended December 31, 2022, 2021, and 2020, respectively. Intangible Assets, Net Intangible assets, net consisted of the following (dollars in thousands): December 31, 2022 December 31, 2021 Remaining Useful Life in Years Gross Accumulated Intangibles, Gross Accumulated Intangibles, Technology licenses 11.7 $ 22,504 $ (5,043) $ 17,461 $ 22,504 $ (3,506) $ 18,998 Developed technology 8.0 5,500 (1,100) 4,400 5,500 (550) 4,950 Customer relationships 1.8 945 (563) 382 945 (337) 608 Assembled workforce 2.8 1,128 (513) 615 1,128 (287) 841 Intangible assets, net $ 30,077 $ (7,219) $ 22,858 $ 30,077 $ (4,680) $ 25,397 The estimated annual amortization of intangible assets for the next five years is shown below (in thousands): Estimated 2023 $ 2,506 2024 2,378 2025 2,214 2026 2,024 2027 2,024 Thereafter 11,712 Total $ 22,858 Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures and asset impairments, among other factors. Accrued Compensation and Related Benefits Accrued compensation and related benefits were comprised of the following (in thousands): December 31, 2022 2021 Accrued payroll and related costs $ 2,052 $ 3,978 Accrued bonus 17,081 16,558 Accrued commissions 5,143 3,417 Accrued acquisition-related compensation 5,470 4,430 Other 2,929 3,243 Accrued compensation and related benefits $ 32,675 $ 31,626 Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities were comprised of the following (in thousands): December 31, 2022 2021 Accrued legal and related costs $ 3,102 $ 2,425 Accrued license fee 6,231 6,214 Accrued royalties for licensed technologies 4,707 4,415 Accrued property and equipment 26,750 15,361 Accrued professional services 5,180 8,593 Product warranties 3,023 994 Taxes payable 4,079 4,622 Other 6,707 8,285 Accrued expenses and other current liabilities $ 59,779 $ 50,909 Product Warranties Changes in the reserve for product warranties were as follows (in thousands): Year Ended December 31, 2022 2021 Beginning of period $ 994 $ 399 Amounts charged to cost of revenue 5,708 2,934 Repairs and replacements (3,679) (2,339) End of period $ 3,023 $ 994 Revenue and Deferred Revenue As of December 31, 2022, the aggregate amount of remaining performance obligations related to separately sold extended warranty service agreements, or allocated amounts for extended warranty service agreements bundled with sales of instruments, was $11.0 million, of which approximately $7.9 million is expected to be recognized to revenue in the next 12 months, with the remainder thereafter. The contract liabilities of $11.0 million and $7.7 million as of December 31, 2022 and December 31, 2021, respectively, consisted of deferred revenue related to extended warranty service agreements. A summary of the change in contract liabilities is as follows (in thousands): Year Ended December 31, 2022 2021 Beginning of period $ 7,688 $ 6,154 Revenue recognized that was included in the contract liability at the beginning of the year (4,793) (4,101) Revenue deferred excluding amounts recognized as revenue during the period 8,137 5,635 Balance as of December 31 $ 11,032 $ 7,688 The following table represents revenue by source for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 Instruments $ 72,396 $ 64,474 $ 40,128 Consumables 435,588 418,740 252,685 Services 8,425 7,276 6,032 Total revenue $ 516,409 $ 490,490 $ 298,845 The following table presents revenue by geography based on the location of the customer for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 United States $ 284,987 $ 258,274 $ 154,768 Europe, Middle East and Africa 117,068 108,491 73,265 China 59,559 74,924 41,741 Asia-Pacific (excluding China) 46,004 42,087 24,507 North America (excluding United States) 8,791 6,714 4,564 Total revenue $ 516,409 $ 490,490 $ 298,845

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax	Income Tax Loss before provision for income taxes were as follows for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 United States $ (172,038) $ (73,070) $ (376,835) International 10,067 19,355 (157,641) Total $ (161,971) $ (53,715) $ (534,476) The provision for income taxes consisted of the following (in thousands): Year Ended December 31, 2022 2021 2020 Current provision: Federal $ — $ — $ — State 533 50 — Foreign 3,360 5,148 8,173 Total current provision for income taxes 3,893 5,198 8,173 Deferred provision: Federal — — — State — — — Foreign 136 (690) 82 Total deferred provision for income taxes 136 (690) 82 Provision for income taxes $ 4,029 $ 4,508 $ 8,255 The provision for income taxes was $4.0 million for the year ended December 31, 2022, which related to foreign and state income taxes. For the years ended December 31, 2021 and 2020, the provision for income taxes were $4.5 million and $8.3 million, respectively. A reconciliation of the federal statutory income tax provision to the effective income tax provision is as follows for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 Income tax provision at statutory rate $ (34,014) $ (11,280) $ (112,240) State taxes, net (11,782) (20,136) (16,653) Tax credits (9,028) (11,836) (9,453) Foreign taxes 1,522 142 41,253 Stock-based compensation 5,812 (78,852) (52,070) Change in valuation allowance 50,077 126,386 99,034 Acquisition related expenses — (793) 93,407 Impact of change in tax status — — (34,731) Other 1,442 877 (292) Total provision for income taxes $ 4,029 $ 4,508 $ 8,255 Deferred income taxes reflect the net tax effect of temporary differences between amounts recorded for financial reporting purposes and amounts used for tax purposes. The major components of deferred tax assets and liabilities are as follows as of the dates indicated (in thousands): Year Ended December 31, 2022 2021 Deferred tax assets Net operating loss carryforwards $ 175,018 $ 195,953 Research and development tax credits 69,271 54,117 Accruals and reserves 7,116 7,868 Lease liability 21,873 19,697 Intangibles 39,061 40,716 Stock-based compensation 20,910 12,261 Section 174 capitalized R&D 49,462 — Total deferred tax assets 382,711 330,612 Valuation allowance (364,263) (313,194) Net deferred tax assets $ 18,448 $ 17,418 Year Ended December 31, 2022 2021 Deferred tax liabilities Fixed assets $ (4,046) $ (4,189) Right-of-use assets (15,054) (13,745) Total deferred tax liabilities (19,100) (17,934) Net deferred tax liabilities $ (652) $ (516) As of December 31, 2022 and 2021, the Company maintained a full valuation allowance on its domestic net deferred tax assets. The domestic deferred tax assets predominantly relate to operating losses, tax credits and Section 174 capitalized R&D intangibles. The domestic valuation allowance was estimated based on an assessment of both positive and negative evidence to determine whether it is more likely than not that deferred tax assets are recoverable. Such assessment is required on a jurisdiction-by-jurisdiction basis. The Company’s history of cumulative losses, along with expected future U.S. losses, required that a full valuation allowance be recorded against all domestic net deferred tax assets. The Company intends to maintain a full valuation allowance on domestic net deferred tax assets until sufficient positive evidence exists to support a reversal of the valuation allowance. The valuation allowance increased by $51.1 million and by $126.3 million for the years ended December 31, 2022 and 2021, respectively. As of December 31, 2022, the Company had federal net operating loss (NOL) carryforwards of $717.0 million and federal tax credit carryforwards of $59.0 million. The federal NOL carryforwards generated during and after fiscal 2018 totaling $708.5 million are carried forward indefinitely, while all others, along with the federal tax credit carryforwards, expire in years beginning in 2033. As of December 31, 2022, the Company had state NOL carryforwards of $375.7 million, which begin to expire in 2033. In addition, the Company had state tax credit carryforwards of $46.6 million, which do not expire. The federal and state net operating losses and credit carryforwards are subject to change of ownership limitations provided by the Internal Revenue Code and similar state provisions. In general, if the Company experiences a greater than 50 percentage point aggregate change in ownership over a 3-year period (a “Section 382 ownership change”), utilization of its pre-change NOL and credit carryforwards are subject to an annual limitation. The Company completed a study through October 31, 2022 and determined that a Section 382 ownership change occurred in 2013. As a result, the Company’s net operating losses generated through November 1, 2013 may be subject to limitation under Section 382 of the Code. The amount of pre-change loss carryforwards which may be subject to this limitation is $4.8 million. In addition certain attributes are subject to annual limitations as a result of the acquisition of ReadCoor, which constitutes a change in ownership as defined under Section 382. Such limitations may result in expiration of a portion of the carryforwards before utilization. The Company’s ability to use net operating loss carryforwards, research and development credit carryforwards and other tax attributes to reduce future taxable income and liabilities may be further limited as a result of future changes in stock ownership. As a result, if the Company earns net taxable income, its ability to use pre-change net operating loss carryforwards or other pre-change tax attributes to offset United States federal and state taxable income may still be subject to limitations, which could potentially result in increased future tax liability. The total balance of unrecognized gross tax benefits for the years ended December 31, 2022 and 2021 resulting primarily from research and development tax credits claimed on the Company’s annual tax returns were as follows (in thousands): 2022 2021 Unrecognized tax benefits at beginning of year $ 23,759 $ 14,657 Reductions based on prior year tax provisions (380) (252) Additions based on prior year tax provisions 2,474 — Additions based on current year tax provisions 5,902 9,354 Unrecognized tax benefits at end of year $ 31,755 $ 23,759 The total amount of unrecognized gross tax benefits was $31.8 million and $23.8 million as of December 31, 2022 and 2021, respectively, of which $2.4 million and $1.5 million, if recognized, would affect our effective tax rate, respectively. The Company is subject to the examination of its income tax returns by the U.S. Internal Revenue Service and other domestic and foreign tax authorities. The United States, California and Sweden are considered as major jurisdictions. The Company has not been audited in such jurisdictions. Tax examinations are expected to focus on research and development tax credits, intercompany transfer pricing practices and other matters. Due to NOLs and credit carryforwards, as of December 31, 2022, federal and California income tax returns for the years ended 2012 through the current period are open to examination. Significant foreign income tax returns for the years 2019 through the current period are open to examination. Due to the number of years remaining that are subject to examination, the Company is unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax benefits. It is reasonably possible that the Company's unrecognized tax benefits will change significantly over the next 12 months, likely due to increases related to research and development tax credits. For U.S. uncertain tax positions, due to a full valuation allowance, such liabilities have been netted against deferred tax attribute carryovers. As a result, if recognized, the unrecognized tax benefits would not materially impact income tax expense. The Company includes interest and penalties related to income tax matters within the provision for income taxes. As of December 31, 2022, the total amount of gross interest and penalties accrued was $0.4 million. The Company recognized interest and penalty expenses of $0.2 million in 2022. The Company maintained undistributed earnings overseas as of December 31, 2022. As of December 31, 2022, the Company believed the funds held by all non-U.S. subsidiaries will be permanently reinvested outside of the U.S. However, if these funds were repatriated to the U.S. or used for U.S. operations, the Company may be subject to withholding taxes in the foreign countries. As a result of tax reform, the Company’s unrepatriated earnings are no longer subject to federal income tax in the U.S. when distributed.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Indemnification From time to time, the Company has entered into indemnification provisions under certain agreements in the ordinary course of business, typically with business partners, customers and suppliers. Pursuant to these agreements, the Company may indemnify, hold harmless and agree to reimburse the indemnified parties on a case-by-case basis for losses suffered or incurred by the indemnified parties in connection with any patent or other intellectual property infringement claim by any third party with respect to the Company’s products. The Company maintains product liability insurance coverage that would generally enable it to recover a portion of the amounts paid. The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by them in any action or proceeding to which any of them are, or are threatened to be, made a party by reason of their service as a director or officer (see “—Litigation” below). The Company also may be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions. Non-cancelable Purchase Commitments The Company’s contract manufacturers make advance purchases of components based on the instrument unit forecasts and purchase orders placed by the Company. To the extent these components are purchased by a contract manufacturer on the Company’s behalf and cannot be used by their other customers, the Company is obligated to purchase these components. In addition, certain supplier agreements require that the Company to make minimum annual purchases under the agreements. As of December 31, 2022, the Company has entered into non-cancelable arrangements for subscription software services and construction contracts associated with the development of buildings at our Springdale, Pleasanton site under which the Company has an obligation to make payments aggregating to $13.2 million and $0.2 million, respectively, over the next three years. Intellectual Property Licensing In July 2021, the Company entered into a global settlement and patent cross license agreement with Bio-Rad Laboratories, Inc. pursuant to which both parties granted each other a non-exclusive, worldwide, royalty-bearing license to develop products and services related to single cell analysis. Each company shall pay to the other royalties from licensed products and licensed services through 2030. In September 2020, the Company and the Board of Trustees of the Leland Stanford Junior University ("Stanford") entered into a license agreement pursuant to which the Company was granted a license to certain intellectual property from Stanford relating to single cell profiling and tissue clarification. As the Company receives revenue related to products covered by these licenses, it is required to pay Stanford a low single-digit royalty percentage based on the net revenue of certain products during the applicable term of the licensed patents. The minimum commitments related to the Company's license arrangements aggregate to $24.6 million as of December 31, 2022 to be paid over the next 17 years. Lease Agreements The Company leases office, laboratory, manufacturing, distribution and server space with lease terms up to 11 years. These leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain of these leases also include renewal options at the election of the Company to renew or extend the lease. The Company evaluates renewal options at lease inception and on an ongoing basis and includes renewal options that it is reasonably certain to exercise in its expected lease terms when classifying leases and measuring lease liabilities. For the years ended December 31, 2022, 2021 and 2020, the Company incurred $13.1 million, $10.5 million and $8.4 million, respectively, of operating lease costs and $0.4 million, $0.6 million and $0.4 million, respectively, of variable lease costs. The variable lease cost is comprised primarily of the Company’s proportionate share of operating expenses, property taxes and insurance and is classified as lease cost due to the Company’s election to not separate lease and non-lease components. Cash paid for amounts included in the measurement of operating lease liabilities for the years ended December 31, 2022, 2021 and 2020 were $12.1 million, $6.2 million and $7.1 million, respectively, and were included in net cash used in operating activities in the Company’s consolidated statements of cash flows. The Company maintains letters of credit relating to its non-cancelable operating leases amounting to $7.5 million in aggregate. The maturity of the Company’s operating lease liabilities as of December 31, 2022 is as follows (in thousands): Operating Leases 2023 $ 13,981 2024 15,102 2025 13,961 2026 14,688 2027 14,029 Thereafter 47,897 Total lease payments $ 119,658 Less: imputed interest (24,482) Present value of operating lease liabilities $ 95,176 Operating lease liabilities, current $ 9,037 Operating lease liabilities, noncurrent 86,139 Total operating lease liabilities $ 95,176 The following table summarizes additional information related to operating leases as of December 31, 2022: December 31, 2022 December 31, 2021 Weighted-average remaining lease term: Operating leases 8.1 years 8.7 years Weighted-average discount rate: Operating leases 5.5 % 5.4 % On November 6, 2020, the Company entered into a Master Lease Agreement ("MLA") to lease additional office building space near the Company's Pleasanton, California headquarters. The Company intends to utilize the leased space of approximately 145,000 square feet to accommodate its future growth requirements. The MLA consists of various lease components, certain of which commenced during the year ended December 31, 2022. The sole outstanding component commenced in January 2023 and is expected to terminate on June 30, 2033. Total undiscounted payments for this lease component commencing in fiscal year 2023 will be $14.0 million, with an expected lease term of 11 years. The tables above do not include payments, lease term, or discount rates relating to any leases or lease components that have not yet commenced as of December 31, 2022. The Company will determine the classification for each lease component at the individual component's commencement date. All leases and lease components that have not yet commenced are expected to be classified as operating leases. Lease payments for leases not yet commenced as of December 31, 2022 is as follows (in thousands): Lease payments for leases not yet commenced 2023 $ — 2024 1,307 2025 1,346 2026 1,387 2027 1,428 Thereafter 8,536 Total undiscounted lease payments $ 14,004 Litigation The Company is regularly subject to lawsuits, claims, arbitration proceedings, administrative actions and other legal and regulatory proceedings involving intellectual property disputes, commercial disputes, competition and other matters, and the Company may become subject to additional types of lawsuits, claims, arbitration proceedings, administrative actions, government investigations and legal and regulatory proceedings in the future. As of December 31, 2022, the Company has concluded that a loss is not probable and a contingent liability has not been recorded. Nanostring On May 6, 2021, the Company filed suit against Nanostring Technologies, Inc. ("Nanostring") in the U.S. District Court for the District of Delaware alleging that Nanostring's GeoMx Digital Spatial Profiler and associated instruments and reagents infringe U.S. Patent Nos. 10,472,669, 10,662,467, 10,961,566, 10,983,113 and 10,996,219 (the "GeoMx Action"). On May 19, 2021, the Company filed an amended complaint additionally alleging that the GeoMx products infringe U.S. Patent Nos. 11,001,878 and 11,008,607. On May 4, 2022, the Company filed an amended complaint in the GeoMx Action additionally alleging that the GeoMx products infringe U.S. Patent No. 11,293,917 and withdrawing the Company's claim of infringement of U.S. Patent No. 10,662,467. Nanostring filed its answer to the GeoMx Action on May 18, 2022. Discovery is in progress. A Markman hearing is scheduled for February 2023 and trial is scheduled for November 2023. On February 28, 2022, the Company filed a second suit against Nanostring in the U.S. District Court for the District of Delaware alleging that Nanostring's CosMx Spatial Molecular Imager and associated instruments, reagents and services infringe U.S. Patent Nos. 10,227,639 and 11,021,737 (the "CosMx Action"). On May 12, 2022, the Company filed an amended complaint in the CosMx Action additionally alleging that the CosMx products infringe U.S. Patent Nos. 11,293,051, 11,293,052 and 11,293,054. Nanostring filed its answer to the CosMx Action on May 26, 2022. Discovery is in progress. A Markman hearing is scheduled for July 2023 and trial is scheduled for June 2024. On August 16, 2022, Nanostring filed a counterclaim in the CosMx Action alleging that the Company's Visium products infringe U.S. Patent No. 11,377,689. The Company filed its answer to Nanostring's counterclaim in the CosMx Action on August 30, 2022. On November 23, 2022, the Company moved to sever claims relating to NanoString’s assertion of U.S. Patent No. 11,377,689 and consolidate those claims with the patent case NanoString filed against the Company on October 20, 2022 (discussed below). On January 24, 2023, the Court granted the Company's motion. On October 20, 2022, Nanostring filed a suit against the Company in the U.S. District Court for the District of Delaware alleging that the Company's Visium products infringe U.S. Patent No. 11,473,142, a continuation of U.S. Patent No. 11,377,689 (the "Nanostring Action"). On January 24, 2023, the Court severed Nanostring’s claims with respect to U.S. Patent No. 11,377,689 from the CosMx Action and consolidated those claims with this action. Discovery is in progress; and no case schedule has been set. The Company believes Nanostring's claim in the Nanostring Action is meritless and intends to vigorously defend itself. On March 9, 2022, the Company filed suit in the Munich Regional Court in Germany alleging that Nanostring's CosMx Spatial Molecular Imager and associated instruments, reagents and services infringe EP Patent No. 2794928B1 (the "928 Patent") (the "Germany CosMx Action"). Nanostring filed its statement of defense to the Germany CosMx Action on August 26, 2022. A hearing on infringement is scheduled for March 2023 and a decision is expected around May 2023. On July 29, 2022, Nanostring filed a nullity action with the German Federal Patent Court challenging the validity of the 928 Patent. On February 10, 2023, the Federal Patent Court issued a preliminary opinion upholding the validity of certain claims of the 928 Patent directed to in situ analysis. A hearing on validity is scheduled before the Federal Patent Court in May 2024 and a decision is expected around the end of 2024. Vizgen In May 2022, the Company filed suit against Vizgen, Inc. ("Vizgen") in the U.S. District Court for the District of Delaware alleging that Vizgen’s MERSCOPE Platform and workflow and Vizgen’s Lab Services program, including associated instruments and reagents, infringe U.S. Patent Nos. 11,021,737, 11,293,051, 11,293,052, 11,293,054 and 11,299,767. On July 25, 2022, Vizgen filed a motion to dismiss the Company's claims for willful and indirect infringement, which the Court denied on September 19, 2022. Discovery is in progress. A Markman hearing is scheduled for July 2023 and trial is scheduled for July 2024. On August 30, 2022, Vizgen filed its answer and counterclaims alleging that the Company's Xenium product infringes U.S. Patent No. 11,098,303. Vizgen also filed counterclaims alleging that the Company tortiously interfered with Vizgen's contractual and business relationship with Harvard and that the Company engaged in unfair practices under Massachusetts state law. On October 27, 2022, the Company filed a partial answer and motion to dismiss the infringement counterclaim and the tort counterclaims. On February 2, 2023, the Company's motion to dismiss was denied. The Company believes Vizgen’s claims are meritless and intends to vigorously defend itself. Parse On August 24, 2022, the Company filed suit against Parse Biosciences, Inc. ("Parse") in the U.S. District Court for the District of Delaware alleging that Parse’s Evercode Whole Transcriptomics and ATAC-seq products infringe U.S. Patent Nos. 10,155,981, 10,697,013, 10,240,197, 10,150,995, 10,619,207, and 10,738,357. On October 17, 2022, Parse filed a motion to dismiss alleging that the asserted claims are directed to patent ineligible subject matter. The Court held a hearing on the motion to dismiss on November 22, 2022, and supplemental briefing was submitted on December 15, 2022. A ruling on the motion to dismiss is expected around March 2023. Discovery has not yet commenced and no case schedule has been set.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Capital Stock	Capital Stock The Company’s Amended and Restated Certificate of Incorporation authorizes it to issue 1,200,000,000 shares of capital stock consisting of 1,000,000,000 shares of Class A common stock, 100,000,000 shares of Class B common stock, and 100,000,000 shares of preferred stock. Common Stock The Company has the following shares of common stock issued and outstanding: As of December 31, 2022 2021 Class A common stock 96,527,754 92,868,512 Class B common stock 18,667,255 19,646,465 Total common stock issued and outstanding 115,195,009 112,514,977 The following table represents the number of shares of Class B common stock converted to shares of Class A common stock upon the election of the holders of such shares during the years: Year Ended December 31, 2022 2021 2020 Class B common stock converted to Class A common stock 979,210 3,035,000 52,587,965 The Company’s Class A common stock and Class B common stock have a par value of $0.00001 per share. Each share of Class B common stock has the right to ten votes and each share of Class A common stock has the right to one vote per share. All other rights and privileges of Class A and Class B common stock are equivalent. Class B common shares are convertible to Class A common shares at any time upon written notification and all Class B common shares will convert upon the date specified by vote or written consent of the holders of a majority of the then outstanding Class B common stock, voting together as a single class. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights as to dividends.

Equity Incentive Plans

Equity Incentive Plans	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Equity Incentive Plans Amended and Restated 2012 Stock Plan Following the adoption of the 2019 Omnibus Incentive Plan in September 2019, any awards outstanding under the Amended and Restated 2012 Stock Plan continue to be governed by their existing terms but no further awards may be granted under the Amended and Restated 2012 Stock Plan. As of December 31, 2022, the number of shares of Class A common stock issuable under the Amended and Restated 2012 Stock Plan which includes shares issuable upon the exercise of outstanding awards was 4,282,325. 2019 Omnibus Incentive Plan The Omnibus Incentive Plan allows for the issuance of incentive stock options (“ISOs”), non-statutory stock options (“NSOs”) or restricted shares. ISOs may be granted only to the Company’s employees (including officers and directors who are also considered employees). NSOs and restricted shares may be granted to the Company’s employees and service providers. As of December 31, 2022, the number of shares of Class A common stock available for issuance under the 2019 Omnibus Incentive Plan was 3,682,232 shares issuable in connection with outstanding awards and 12,063,643 shares reserved for issuance in connection with grants of future awards. The number of shares of Class A common stock reserved for issuance under the 2019 Omnibus Incentive Plan at the time the 2019 Omnibus Incentive Plan was adopted in 2019 was 11,000,000. The Omnibus Incentive Plan provides that the total number of shares of the Company’s Class A common stock that may be issued under the Omnibus Incentive Plan, including options authorized and options outstanding, is 11,000,000 (such share limit as increased from time to time, the “Absolute Share Limit”). However, the Absolute Share Limit shall be increased on the first day of each calendar year commencing on January 1, 2021 and ending on January 1, 2029 in an amount equal to the lesser of (i) 5% of the total number of shares of common stock outstanding on the last day of the immediately preceding fiscal year and (ii) such number of shares of the Company’s Class A common stock as determined by the Company’s board of directors. However, if on January 1 of a calendar year, the Company’s board of directors has not either confirmed the 5% increase described in clause (i) or approved a lesser number of shares of the Company’s Class A common stock for such calendar year, then the Company’s board of directors will be deemed to have waived the automatic increase, and no such increase will occur for such calendar year. Of the Absolute Share Limit, no more than 11,000,000 shares of Class A common stock may be issued in the aggregate pursuant to the exercise of incentive stock options granted under the Omnibus Incentive Plan. Options under the Omnibus Incentive Plan have a contractual term of 10 years. The exercise price of an ISO and NSO shall not be less than 100% of the fair market value of the shares on the date of grant. A summary of the Company’s stock option activity under the Plans is as follows: Outstanding Options Weighted- Average Exercise Price Weighted- Aggregate Intrinsic Value Balance as of December 31, 2021 8,212,754 $ 29.28 6.8 $ 993,520,419 Granted 1,861,632 53.18 Exercised (1,650,434) 9.42 Cancelled and forfeited (459,395) 61.96 Balance as of December 31, 2022 7,964,557 $ 37.10 6.4 $ 128,069,003 Vested and exercisable as of December 31, 2022 5,528,290 $ 26.05 5.4 $ 122,045,101 The weighted-average grant date fair value of options granted during the years ended December 31, 2022, 2021 and 2020 was $32.95, $108.05, and $45.02 per share, respectively. The total intrinsic value of stock options exercised was $89.5 million, $572.2 million and $466.1 million during the years ended December 31, 2022, 2021, and 2020, respectively. As of December 31, 2022, the total unrecognized stock-based compensation related to stock options was $87.4 million, which will be recognized over a weighted-average period of approximately two years. Stock Option Valuation Assumptions The fair value of each employee option grant was estimated on the date of grant using the Black-Scholes option pricing model and the following assumptions for the periods indicated: Year Ended December 31, 2022 2021 2020 Expected volatility 65% – 71% 67% – 69% 60% – 71% Risk-free interest rate 1.6% – 4.1% 1.0% – 1.1% 0.3% – 1.7% Expected term 5.3 – 6.1 years 6.0 – 6.1 years 5.3 – 6.9 years Expected dividend —% —% —% Restricted Stock Units Restricted stock units (“RSUs”) activity for the year ended December 31, 2022 is as follows: Restricted Stock Weighted-Average Balance as of December 31, 2021 1,298,244 $ 141.48 Granted 6,060,449 43.45 Vested (878,570) 93.93 Cancelled (643,931) 92.83 Outstanding as of December 31, 2022 5,836,192 $ 52.21 As of December 31, 2022, the total unrecognized stock-based compensation related to RSUs was $286.5 million, which will be recognized over a weighted-average period of approximately three years. Market-based Performance Stock Awards (PSAs) In September 2022, the Company granted 709,025 PSAs including performance stock options and RSUs under the 2019 Plan to certain members of management, which are subject to the achievement of market-based share price goals established by the Company's Board of Directors. The PSAs consist of three separate tranches and the vesting of each tranche is subject to the Class A common stock closing price being maintained at or above the predetermined share price goals of $60, $80 and $105 for each tranche, respectively, for a period of 20 consecutive trading days. The share price goals can be met any time prior to the fourth anniversary of the date of grant. The vesting of the PSAs can also be triggered upon certain change in control events and achievement of certain change in control price goals, or in the event of death or disability. As of December 31, 2022, none of the predetermined share price goals had been met resulting in no shares vesting or becoming exercisable. Stock-based compensation expense recognized for these market-based awards was approximately $3.3 million for the year ended December 31, 2022. The weighted-average grant date fair value of the PSAs was $22.55. The Company estimates the fair values of shares under the Performance stock options using a Monte Carlo simulation model with the following assumptions: Year Ended December 31, 2022 Expected volatility 68% Risk-free interest rate 3.4% Expected dividend —% 2019 Employee Stock Purchase Plan In July 2019, the Company’s board of directors adopted the 10x Genomics, Inc. 2019 Employee Stock Purchase Plan (the “ESPP”), which was subsequently approved by the Company’s stockholders. The ESPP went into effect on September 11, 2019. Subject to any limitations contained therein, the ESPP allows eligible employees to contribute, through payroll deductions, up to 15% of their eligible compensation to purchase the Company’s Class A common stock at a discounted price per share. The ESPP generally provides for consecutive 6-month offering periods. During the years ended December 31, 2022 and 2021, 151,028 and 61,764 shares of Class A common stock, respectively, were issued under the ESPP. The ESPP provides that the maximum number of shares of the Company’s Class A common stock made available for sale thereunder will be 3,284,859, which number will be automatically increased on the first day of each calendar year commencing on January 1, 2021 and ending on January 1, 2029 in an amount equal to the lesser of (i) 1% of the total number of shares of common stock outstanding on the last day of the immediately preceding fiscal year and (ii) such number of shares of the Company’s Class A common stock as determined by the Company’s board of directors. However, if on January 1 of a calendar year the Company’s board of directors has not either confirmed the 1% described in clause (i) or approved a lesser number of shares of the Company’s Class A common stock for such calendar year, the Company’s board of directors will be deemed to have waived the automatic increase and no such increase will occur for such calendar year. The maximum number of shares available under the ESPP (and any share limitations thereunder, as applicable) will automatically be adjusted upon certain changes to the Company’s capital structure. As of December 31, 2022, there were 2,906,253 shares available for issuance under the ESPP. For the years ended December 31, 2022 and 2021, the weighted average grant date fair values of the ESPP shares purchased, using the Black-Scholes option pricing model, were $33.74 and $43.39, respectively. The following assumptions were used in estimating the fair values of shares under the ESPP: Year Ended December 31, 2022 2021 2020 Expected volatility 81% – 92% 47% – 69% 45% – 70% Risk-free interest rate 1.54% – 4.54% 0.04% – 0.06% 0.12% – 0.15% Expected term (in years) 0.5 0.5 – 1.0 0.50 – 1.0 Expected dividend —% —% —% As of December 31, 2022, the total unrecognized stock-based compensation related to the ESPP was $1.6 million, which will be recognized over a weighted-average period of approximately 0.4 years. Stock-based Compensation The Company recorded stock-based compensation expense in the consolidated statement of operations for the periods presented as follows (in thousands): Year Ended December 31, 2022 2021 2020 Cost of revenue $ 5,259 $ 3,231 $ 1,551 Research and development 59,211 41,970 19,623 Selling, general and administrative 72,378 50,761 27,452 Total stock-based compensation expense $ 136,848 $ 95,962 $ 48,626

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit PlansThe Company has made available to all full-time United States employees a 401(k) retirement savings plan. Under this plan, employee and employer contributions and accumulated plan earnings qualify for favorable tax treatment under Section 401(k) of the Internal Revenue Code. Commencing April 1, 2022, retroactive to January 1, 2022, the Company matched 100% of the first 3% of the employee's eligible compensation, up to a maximum of two thousand dollars annually per employee. The Company contributed $2.0 million for the year ended December 31, 2022.

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect: Year Ended December 31, 2022 2021 2020 Stock options to purchase common stock 7,964,557 8,212,754 11,860,844 Restricted stock units 5,836,192 1,298,244 823,947 Shares committed under ESPP 46,548 13,368 10,939 Shares subject to repurchase — 18,750 68,750 Contingent restricted shares — — 236,484 Total 13,847,297 9,543,116 13,000,964

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventIn January 2023, the Company signed an agreement to acquire certain intangible and other assets for an upfront payment of $10.0 million. Upon acquiring the assets, the Company expects to pay $10.0 million and up to $36.3 million cash consideration pursuant to the agreement in the event certain future technology development milestones are met and additional cash consideration tied to future sales milestones.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of PresentationThe consolidated financial statements, which include the Company’s accounts and the accounts of its wholly-owned subsidiaries, are prepared in accordance with U.S. generally accepted accounting principles (or “GAAP”). All intercompany transactions and balances have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, disclosure of contingent liabilities, and the reported amounts of revenue and expense. These judgments, estimates and assumptions are used for, but not limited to, revenue recognition, inventory valuation and write-downs, accounting for asset and business acquisitions and the valuation of stock-based compensation awards. The Company bases its estimates on various factors and information, which may include, but are not limited to, history and prior experience, the Company’s forecasts and future plans, current economic conditions and information from third-party professionals that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities and recorded amounts of expenses that are not readily apparent from other sources. To the extent there are material differences between the Company’s estimates and the actual results, the Company’s future consolidated results of operation may be affected. The inputs into our judgments and estimates consider the economic implications of COVID-19 on our critical and significant accounting estimates.
Segment Information	Segment Information The Company operates as a single operating segment. The Company’s chief operating decision maker, its Chief Executive Officer, manages the Company’s operations on a consolidated basis for the purposes of allocating resources, making operating decisions and evaluating financial performance.
Cash Equivalents and Restricted Cash	Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with an original maturity of three months or less from the date of purchase to be cash equivalents. Cash equivalents consist of amounts invested in money market funds and are stated at fair value. As of December 31, 2022, short-term restricted cash of $2.6 million and long-term restricted cash of $5.0 million primarily represents cash on deposit with financial institutions as security for letters of credit outstanding for the benefit of the landlord related to the Company’s non-cancelable operating leases for its corporate headquarters (see “Commitments and Contingencies” below).
Marketable Securities	Marketable Securities The Company designates investments in debt securities as available-for-sale. Available-for-sale debt securities with original maturities of three months or less from the date of purchase are classified within cash and cash equivalents. Available-for-sale debt securities with original maturities longer than three months are available to fund current operations and are classified as marketable securities, within current assets on the balance sheet. Available-for-sale debt securities are reported at fair value with the related unrealized gains and losses included in "Accumulated other comprehensive income (loss)," a component of stockholders’ equity, net of tax. Realized gains (losses) on the sale of marketable securities are determined using the specific-identification method and recorded in “Other (expense) income, net” in the Consolidated Statements of Operations. The available-for-sale debt securities are subject to a periodic impairment review. For investments in an unrealized loss position, the Company determines whether a credit loss exists by considering information about the collectability of the instrument, current market conditions and reasonable and supportable forecasts of economic conditions. The Company recognizes an allowance for credit losses, up to the amount of the unrealized loss when appropriate, and writes down the amortized cost basis of the investment if it is more likely than not that the Company will be required or will intend to sell the investment before recovery of its amortized cost basis. Allowances for credit losses and write-downs are recognized in “Other (expense) income, net,” and unrealized losses not related to credit losses are recognized in “Accumulated other comprehensive income (loss).” There are no allowances for credit losses for the periods presented. As of December 31, 2022, the gross unrealized losses on available-for-sale securities are related to market interest rate changes and not attributable to credit.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Cash equivalents are comprised of money market funds which are classified as Level 1 in the fair value hierarchy. Assets recorded at fair value on a recurring basis in the balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value is defined as the exchange price that would be received for an asset in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The authoritative guidance on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows: Level 1 - Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date; Level 2 - Inputs are observable, unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities; and Level 3 - Unobservable inputs that are significant to the measurement of the fair value of the assets or liabilities that are supported by little or no market data. The Company’s financial instruments consist of Level 1 and Level 2 assets. Where quoted prices are available in an active market, securities are classified as Level 1. Money market funds are classified as Level 1. Level 2 assets consist primarily of corporate bonds, asset-backed securities, commercial paper, U.S. Government Treasury and agency securities, and debt securities in government-sponsored entities based upon quoted market prices for similar movements in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs obtained from various third party-data providers, including but not limited to, benchmark yields, interest rate curves, reported trades, broker/dealer quotes and reference data.
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable consist of amounts due from customers for the sales of products and services. The Company reviews its accounts receivable and provides allowances of specific amounts if collectability is no longer reasonably assured based on
Business Concentrations	Business Concentrations The Company’s instruments are mostly assembled and tested by third party contract manufacturers in Asia and the United States. The Company’s agreement with the contract manufacturers contains purchase commitments. In addition, the Company is reliant on several suppliers for key components for its reagent kits. A significant disruption in the operations of the contract manufacturers or suppliers may impact the production of the Company’s products for a substantial period of time, which could have a material adverse effect on its business, financial condition and results of operations.
Concentrations	Concentrations Financial instruments that potentially subject the Company to credit risk consist of cash equivalents, marketable securities (as described in this footnote under the header “Marketable Securities” above) and accounts receivable. The Company’s cash and cash equivalents held with large financial institutions in the United States and deposits exceed the Federal Deposit Insurance Corporation’s insurance limit. The Company performs periodic evaluations of the risks associated with its investments and the relative credit standing of these financial institutions. The Company performs ongoing credit evaluations of its customers’ financial condition. The Company does not require collateral from its customers but may require upfront payments from certain customers. The Company has not experienced material credit losses to date. For the years ended December 31, 2022, 2021, and 2020, no single customer represented more than 10% of revenue. As of December 31, 2021, one of the Company's distributors accounted for 11% of the Company’s outstanding accounts receivable. No customer or distributor represented more than 10% of the Company’s outstanding accounts receivable as of December 31, 2022. Substantially all the Company’s long-lived assets are located in the United States.
Inventory	Inventory Inventory is recorded at the lower of cost, determined on a first-in, first-out basis, or net realizable value. The Company uses judgment to analyze and determine if the composition of its inventory is obsolete, slow-moving, unsalable or otherwise carried above the net realizable value and frequently reviews such determinations. The Company writes down specifically identified unusable, obsolete, slow-moving or known unsalable inventory and inventory otherwise carried above the net realizable value in the period that it is first recognized by using a number of factors including product expiration dates, open and unfulfilled orders and sales forecasts. Net realizable value is determined using the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Any write-down of its inventory to net realizable value establishes a new cost basis and will be maintained even if certain circumstances suggest that the inventory is recoverable in subsequent periods. Costs associated with the write-down of inventory are recorded to cost of revenue on the Company’s consolidated statements of operations.
Leases	Leases The Company determines if an arrangement is or contains a lease at inception by assessing whether the arrangement contains an identified asset and whether it has the right to control the identified asset. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease liabilities are recognized at the lease commencement date based on the present value of future lease payments over the lease term. ROU assets are based on the measurement of the lease liability and also include any lease payments made prior to or on lease commencement and exclude lease incentives and initial direct costs incurred, as applicable. As the implicit rate in the Company’s leases is generally unknown, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future lease payments. The Company gives consideration to its credit risk, term of the lease and total lease payments and adjusts for the impacts of collateral, as necessary, when calculating its incremental borrowing rates. The lease terms may include options to extend or terminate the lease when the Company is reasonably certain it will exercise such options. Lease costs for the Company’s operating leases are recognized on a straight-line basis within operating expenses and costs of goods sold over the reasonably assured lease term.
Internal-Use Software	Internal-Use Software The Company capitalizes costs incurred to develop internal-use software within property and equipment, net and capitalizes costs to develop hosting arrangements within other noncurrent assets in the consolidated balance sheets. Costs incurred during the preliminary planning and evaluation and post implementation stages of the project are expensed as incurred. Costs incurred during the application development stage of the project are capitalized. These costs are amortized on a straight-line basis over the estimated useful life of the asset.
Property and Equipment, Net	Property and Equipment, NetProperty and equipment is stated at cost, net of accumulated depreciation.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company evaluates long-lived assets, such as property and equipment and intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If indicators of impairment exist and the undiscounted future cash flows that the assets are expected to generate are less than the carrying value of the assets, the Company reduces the carrying amount of the assets to their estimated fair values based on a discounted cash flow approach or, when available and appropriate, to comparable market values. There were no impairment losses recorded for the years ended December 31, 2022, 2021 and 2020.
Product Warranties	Product Warranties The Company generally provides a one-year warranty on its instruments. The Company reviews its exposure to estimated warranty obligations associated with instrument sales and establishes an accrual based on historical product failure rates and actual warranty costs incurred. This expense is recorded as a component of cost of revenue in the consolidated statements of operations.
Deferred Revenue	Deferred Revenue Deferred revenue consists of payments received in advance of revenue recognition primarily related to instrument service agreements, also referred to as extended warranties. Revenue under these agreements is recognized over the related service period. Deferred revenue expected to be recognized during the 12 months following the balance sheet date is recorded as current portion of deferred revenue and the remaining portion is recorded as long-term.
Revenue Recognition	Revenue Recognition The Company generates revenue from sales of products and services, and its products consist of instruments and consumables. Revenue from product sales is recognized when control of the product is transferred, which is generally upon shipment to the customer. Instrument service agreements, which relate to extended warranties, are typically entered into for one-year terms, following the expiration of the standard one-year warranty period. Revenue for extended warranties is recognized ratably over the term of the extended warranty period as a stand ready performance obligation. Revenue is recorded net of discounts, distributor commissions and sales taxes collected on behalf of governmental authorities. Customers are invoiced generally upon shipment, or upon order for services, and payment is typically due within 45 days. Cash received from customers in advance of product shipment or providing services is recorded as a contract liability. The Company’s contracts with its customers generally do not include rights of return or a significant financing component. The Company regularly enters into contracts that include various combinations of products and services which are generally distinct and accounted for as separate performance obligations. The transaction price is allocated to each performance obligation in proportion to its standalone selling price. The Company determines standalone selling price using average selling prices with consideration of current market conditions. If the product or service has no history of sales or if the sales volume is not sufficient, the Company relies upon prices set by management, adjusted for applicable discounts.
Cost of Revenue	Cost of Revenue Cost of revenue primarily consists of manufacturing costs incurred in the production process, including personnel and related costs, component materials, labor and overhead, packaging and delivery costs and allocated costs including facilities and information technology. In addition, cost of product revenue includes royalty costs for licensed technologies included in the Company’s products, warranty costs and provisions for slow-moving and obsolete inventory.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling charged to customers are recorded as revenue. Shipping and handling costs are included in the Company’s cost of revenue.
Research and Development	Research and Development Research and development costs are expensed in the period incurred. Research and development expense consists of personnel and related costs, independent contractor costs, laboratory supplies, equipment maintenance, prototype and materials expenses, amortization of developed technology and intangibles and allocated costs including facilities and information technology. See Note 4 for discussion of in-process research and development included on the consolidated statements of operations.
Advertising Costs	Advertising CostsAdvertising costs are expensed as incurred.
Stock-Based Compensation	Stock-Based Compensation The Company’s stock-based compensation expense relates to stock options, restricted stock units (“RSUs”), market-based performance stock awards ("PSAs") including performance stock options and performance RSUs granted pursuant to equity incentive plans, and stock purchase rights under an Employee Stock Purchase Plan (“ESPP”). Stock-based compensation expense for its stock-based awards is based on their grant date fair value. The Company determines the fair value of RSUs based on the closing price of its stock, which is listed on the Nasdaq Stock Market LLC, at the date of the grant. The Company estimates the fair value of stock option awards under an equity incentive plan and stock purchase rights under an ESPP on the grant date using the Black-Scholes option-pricing model. The fair values of stock-based awards excluding PSAs are recognized as compensation expense on a straight-line basis over the requisite service period in which the awards are expected to vest and forfeitures are recognized as they occur. The Black-Scholes model considers several variables and assumptions in estimating the fair value of stock-based awards. These variables include the per share fair value of the underlying common stock, exercise price, expected term, risk-free interest rate, expected annual dividend yield and the expected stock price volatility over the expected term. The Company calculated the expected term using the simplified method, which is the mid-point between the vesting and contractual term. Due to the short trading period of the Company's stock, the Company has estimated volatility by reference to the historical volatilities of similar publicly traded peer companies. The risk-free interest rate is based on the yield available on U.S. Treasury zero-coupon issues similar in duration to the expected term of the equity-settled award. For PSAs, the Company derives the valuation of the award and the requisite service period for each separately vesting portion of the award using a Monte Carlo simulation model and the related compensation expense is recognized over the derived service period using the accelerated attribution method commencing on the grant date. The derived service period is the median
Foreign Currency	Foreign Currency For foreign subsidiaries where the functional currency is the local currency, assets and liabilities are translated to the U.S. dollar using month-end exchange rates, and revenue and expenses using average exchange rates. The adjustments resulting from these foreign currency translations are recorded in “Accumulated other comprehensive income (loss).”
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes, in which deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply in the years in which those tax assets and liabilities are expected to be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. The Company’s tax positions are subject to income tax audits. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is more likely than not (greater than 50% likely) to be realized upon settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in its tax provision. The Company calculates the current and deferred income tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed income tax returns are recorded when identified. The amount of income tax paid is subject to examination by U.S. federal state and foreign tax authorities. The estimate of the potential outcome of any uncertain tax issue is subject to management’s assessment of the relevant risks, facts and circumstances existing at that time. To the extent the assessment of such tax position changes, the change in estimate is recorded in the period in which the determination is made.
Net Loss Per Share	Net Loss Per Share Net loss per share is computed using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights and sharing of losses, of the Class A common stock and Class B common stock are identical, other than voting rights. As the liquidation and dividend rights and sharing of losses are identical, the undistributed earnings are allocated on a proportionate basis and the resulting net loss per share will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis. Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, adjusted for outstanding shares that are subject to repurchase. For the calculation of diluted net loss per share, basic net loss per share is adjusted by the effect of dilutive securities including awards under the Company’s equity compensation plans. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding. For periods in which the Company reports net losses, diluted net loss per share is the same as basic net loss per share because potentially dilutive shares of common stock are not assumed to have been issued if their effect is anti-dilutive.
Acquisitions	Acquisitions The Company evaluates acquisitions of assets and other similar transactions to assess whether or not the transaction should be accounted for as a business combination or asset acquisition by first applying a screen to determine if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. If the screen is met, the transaction is accounted for as an asset acquisition. If the screen is not met, further determination is required as to whether or not the Company has acquired inputs and processes that have the ability to create outputs which would meet the requirements of a business in which case the transaction is accounted for using the acquisition method of accounting, which requires, among other things, that assets acquired and liabilities assumed be recognized at their estimated fair values as of the acquisition date, and that the fair value of acquired intangibles be recorded on the balance sheet. Transaction costs are expensed as incurred. Any excess of the purchase price over the assigned fair values of the net assets acquired is recorded as goodwill. Goodwill is not amortized, rather assessed, at least annually, for impairment at a reporting unit level. During the goodwill impairment review, the Company assesses qualitative factors to determine whether it is more likely than not that the fair value of its reporting unit is less than the carrying amount, including goodwill. The qualitative factors include, but are not limited to, macroeconomic conditions, industry and market considerations, and the overall financial performance. If, after assessing the totality of these qualitative factors, we determine that it is not more likely than not that the fair values of our reporting unit is less than the carrying amount, then no additional assessment is deemed necessary. Otherwise, we proceed to compare the estimated fair values of the reporting unit with the carrying value, including goodwill. If the carrying amounts of the reporting unit exceed the fair value, we record an impairment loss based on the difference. The Company accounts for an asset acquisition under ASC, Business Combinations Topic 805, Subtopic 50 , which requires the acquiring entity in an asset acquisition to recognize net assets based on the cost to the acquiring entity on a relative fair value basis, which includes transaction costs in addition to consideration given. Goodwill is not recognized in an asset acquisition; any excess consideration transferred over the fair value of the net assets acquired is allocated to the non-monetary identifiable assets based on relative fair values. In-process research and development expense is expensed as incurred provided there is no alternative future use. Contingent consideration payments in asset acquisitions are recognized when the contingency is resolved and the consideration is paid or becomes payable (unless the contingent consideration meets the definition of a derivative, in which case the amount becomes part of the basis in the asset acquired). Upon recognition of the contingent consideration payment, the amount is included in the cost of the acquired asset or group of assets.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands): Year Ended December 31, 2022 2021 2020 Cash and cash equivalents $ 219,746 $ 587,447 $ 663,603 Restricted cash 7,607 8,626 25,041 Total cash, cash equivalents and restricted cash $ 227,353 $ 596,073 $ 688,644
Schedule of Property Plant and Equipment	Depreciation is computed using the straight-line method based on the estimated useful lives of the following assets: Useful Life (Years) Laboratory equipment and machinery 3 - 5 Computer equipment 2 - 3 Furniture and fixtures 3 Leasehold improvements 1 - 11 Property and equipment, net consisted of the following (in thousands): December 31, 2022 2021 Land $ 36,780 $ 36,099 Laboratory equipment and machinery 54,658 44,189 Computer equipment 12,565 12,294 Furniture and fixtures 9,642 6,208 Leasehold improvements 91,518 67,532 Construction in progress 152,995 52,191 Total property and equipment 358,158 218,513 Less: accumulated depreciation and amortization (68,830) (49,021) Property and equipment, net $ 289,328 $ 169,492

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Summary of Restructuring Costs Related to Restructuring	The following table is a summary of restructuring costs related to the restructuring as of December 31, 2022 (in thousands): Severance and Benefits Costs Stock-Based Compensation Expense Total Balance at January 1, 2022 $ — $ — $ — Restructuring charge 3,600 616 4,216 Cash payments made (3,385) — (3,385) Non-cash charge — (616) (616) Balance at December 31, 2022 $ 215 $ — $ 215

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The fair value of assets acquired, including goodwill and intangibles, and liabilities assumed as of the acquisition date were as follows (in thousands): Amount Cash and cash equivalents $ 224 Other assets acquired 83 Tangible assets acquired 307 Other liabilities assumed (652) Deferred tax liability - non-current (1,131) Total net tangible assets acquired and liabilities assumed (1,476) Intangible assets 5,640 Goodwill 4,511 Net assets acquired $ 8,675 The following table summarizes the value of assets acquired and liabilities assumed (in thousands): Assets Acquired and Liabilities Assumed In-process research and development $ 406,911 Intangible asset 927 Other assets and liabilities, net (406) Total net assets acquired $ 407,432 The following table summarizes the value of assets acquired and liabilities assumed (in thousands): Assets Acquired and Liabilities Assumed In-process research and development $ 40,637 Intangible assets 801 Other assets and liabilities, net 348 Total net assets acquired $ 41,786
Schedule of Intangible Assets Acquired	The intangible assets as of the acquisition date included (in thousands): Amount Weighted Average Useful Life (in years) Developed technology $ 5,500 10 Customer relationships 140 3 $ 5,640

Other Financial Statement Inf_2

Other Financial Statement Information (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Marketable Securities	Available-for-sale securities at December 31, 2022 consisted of the following (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Fair Value Measurement Cash equivalents: Money market funds $ 163,184 $ — $ — $ 163,184 Level 1 Marketable securities: Corporate debt securities 153,794 4 (2,768) 151,030 Level 2 Government debt securities 54,136 — (1,247) 52,889 Level 2 Asset-backed securities 6,424 — (105) 6,319 Level 2 Total available-for-sale securities $ 377,538 $ 4 $ (4,120) $ 373,422
Debt Securities, Available-for-sale	The contractual maturities of marketable securities as of December 31, 2022 were as follows (in thousands): Fair Value Due in one year or less $ 144,543 Due after one year to five years 65,695 $ 210,238
Schedule of Inventory	Inventory was comprised of the following (in thousands): December 31, 2022 2021 Purchased materials $ 34,497 $ 31,954 Work in progress 24,650 14,052 Finished goods 22,482 13,960 Inventory $ 81,629 $ 59,966
Schedule of Property Plant and Equipment	Depreciation is computed using the straight-line method based on the estimated useful lives of the following assets: Useful Life (Years) Laboratory equipment and machinery 3 - 5 Computer equipment 2 - 3 Furniture and fixtures 3 Leasehold improvements 1 - 11 Property and equipment, net consisted of the following (in thousands): December 31, 2022 2021 Land $ 36,780 $ 36,099 Laboratory equipment and machinery 54,658 44,189 Computer equipment 12,565 12,294 Furniture and fixtures 9,642 6,208 Leasehold improvements 91,518 67,532 Construction in progress 152,995 52,191 Total property and equipment 358,158 218,513 Less: accumulated depreciation and amortization (68,830) (49,021) Property and equipment, net $ 289,328 $ 169,492
Schedule of Intangible Assets Net	Intangible assets, net consisted of the following (dollars in thousands): December 31, 2022 December 31, 2021 Remaining Useful Life in Years Gross Accumulated Intangibles, Gross Accumulated Intangibles, Technology licenses 11.7 $ 22,504 $ (5,043) $ 17,461 $ 22,504 $ (3,506) $ 18,998 Developed technology 8.0 5,500 (1,100) 4,400 5,500 (550) 4,950 Customer relationships 1.8 945 (563) 382 945 (337) 608 Assembled workforce 2.8 1,128 (513) 615 1,128 (287) 841 Intangible assets, net $ 30,077 $ (7,219) $ 22,858 $ 30,077 $ (4,680) $ 25,397
Schedule of Annual Amortization of Intangible Assets	The estimated annual amortization of intangible assets for the next five years is shown below (in thousands): Estimated 2023 $ 2,506 2024 2,378 2025 2,214 2026 2,024 2027 2,024 Thereafter 11,712 Total $ 22,858
Schedule of Accrued Compensation and Related Benefits	Accrued compensation and related benefits were comprised of the following (in thousands): December 31, 2022 2021 Accrued payroll and related costs $ 2,052 $ 3,978 Accrued bonus 17,081 16,558 Accrued commissions 5,143 3,417 Accrued acquisition-related compensation 5,470 4,430 Other 2,929 3,243 Accrued compensation and related benefits $ 32,675 $ 31,626
Schedule of Accrued Expense and Other Current Liabilities	Accrued expenses and other current liabilities were comprised of the following (in thousands): December 31, 2022 2021 Accrued legal and related costs $ 3,102 $ 2,425 Accrued license fee 6,231 6,214 Accrued royalties for licensed technologies 4,707 4,415 Accrued property and equipment 26,750 15,361 Accrued professional services 5,180 8,593 Product warranties 3,023 994 Taxes payable 4,079 4,622 Other 6,707 8,285 Accrued expenses and other current liabilities $ 59,779 $ 50,909
Schedule of Changes in the Reserve for Product Warranties	Changes in the reserve for product warranties were as follows (in thousands): Year Ended December 31, 2022 2021 Beginning of period $ 994 $ 399 Amounts charged to cost of revenue 5,708 2,934 Repairs and replacements (3,679) (2,339) End of period $ 3,023 $ 994
Change in Contract with Customer Asset and Liability Abstract	A summary of the change in contract liabilities is as follows (in thousands): Year Ended December 31, 2022 2021 Beginning of period $ 7,688 $ 6,154 Revenue recognized that was included in the contract liability at the beginning of the year (4,793) (4,101) Revenue deferred excluding amounts recognized as revenue during the period 8,137 5,635 Balance as of December 31 $ 11,032 $ 7,688
Schedule of Revenue by Source	The following table represents revenue by source for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 Instruments $ 72,396 $ 64,474 $ 40,128 Consumables 435,588 418,740 252,685 Services 8,425 7,276 6,032 Total revenue $ 516,409 $ 490,490 $ 298,845
Schedule of Revenue by Geography	The following table presents revenue by geography based on the location of the customer for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 United States $ 284,987 $ 258,274 $ 154,768 Europe, Middle East and Africa 117,068 108,491 73,265 China 59,559 74,924 41,741 Asia-Pacific (excluding China) 46,004 42,087 24,507 North America (excluding United States) 8,791 6,714 4,564 Total revenue $ 516,409 $ 490,490 $ 298,845

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	Loss before provision for income taxes were as follows for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 United States $ (172,038) $ (73,070) $ (376,835) International 10,067 19,355 (157,641) Total $ (161,971) $ (53,715) $ (534,476)
Schedule of Provision for Income Taxes	The provision for income taxes consisted of the following (in thousands): Year Ended December 31, 2022 2021 2020 Current provision: Federal $ — $ — $ — State 533 50 — Foreign 3,360 5,148 8,173 Total current provision for income taxes 3,893 5,198 8,173 Deferred provision: Federal — — — State — — — Foreign 136 (690) 82 Total deferred provision for income taxes 136 (690) 82 Provision for income taxes $ 4,029 $ 4,508 $ 8,255
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the federal statutory income tax provision to the effective income tax provision is as follows for the periods indicated (in thousands): Year Ended December 31, 2022 2021 2020 Income tax provision at statutory rate $ (34,014) $ (11,280) $ (112,240) State taxes, net (11,782) (20,136) (16,653) Tax credits (9,028) (11,836) (9,453) Foreign taxes 1,522 142 41,253 Stock-based compensation 5,812 (78,852) (52,070) Change in valuation allowance 50,077 126,386 99,034 Acquisition related expenses — (793) 93,407 Impact of change in tax status — — (34,731) Other 1,442 877 (292) Total provision for income taxes $ 4,029 $ 4,508 $ 8,255
Schedule of Deferred Tax Assets and Liabilities	The major components of deferred tax assets and liabilities are as follows as of the dates indicated (in thousands): Year Ended December 31, 2022 2021 Deferred tax assets Net operating loss carryforwards $ 175,018 $ 195,953 Research and development tax credits 69,271 54,117 Accruals and reserves 7,116 7,868 Lease liability 21,873 19,697 Intangibles 39,061 40,716 Stock-based compensation 20,910 12,261 Section 174 capitalized R&D 49,462 — Total deferred tax assets 382,711 330,612 Valuation allowance (364,263) (313,194) Net deferred tax assets $ 18,448 $ 17,418 Year Ended December 31, 2022 2021 Deferred tax liabilities Fixed assets $ (4,046) $ (4,189) Right-of-use assets (15,054) (13,745) Total deferred tax liabilities (19,100) (17,934) Net deferred tax liabilities $ (652) $ (516)
Summary of Income Tax Contingencies	The total balance of unrecognized gross tax benefits for the years ended December 31, 2022 and 2021 resulting primarily from research and development tax credits claimed on the Company’s annual tax returns were as follows (in thousands): 2022 2021 Unrecognized tax benefits at beginning of year $ 23,759 $ 14,657 Reductions based on prior year tax provisions (380) (252) Additions based on prior year tax provisions 2,474 — Additions based on current year tax provisions 5,902 9,354 Unrecognized tax benefits at end of year $ 31,755 $ 23,759

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Company's Operating Lease Liabilities	The maturity of the Company’s operating lease liabilities as of December 31, 2022 is as follows (in thousands): Operating Leases 2023 $ 13,981 2024 15,102 2025 13,961 2026 14,688 2027 14,029 Thereafter 47,897 Total lease payments $ 119,658 Less: imputed interest (24,482) Present value of operating lease liabilities $ 95,176 Operating lease liabilities, current $ 9,037 Operating lease liabilities, noncurrent 86,139 Total operating lease liabilities $ 95,176
Summary of Additional Information Related to Operating Leases	The following table summarizes additional information related to operating leases as of December 31, 2022: December 31, 2022 December 31, 2021 Weighted-average remaining lease term: Operating leases 8.1 years 8.7 years Weighted-average discount rate: Operating leases 5.5 % 5.4 %
Schedule of Estimated Undiscounted Lease Payments for Operating Lease, Lease Not Yet Commenced	Lease payments for leases not yet commenced as of December 31, 2022 is as follows (in thousands): Lease payments for leases not yet commenced 2023 $ — 2024 1,307 2025 1,346 2026 1,387 2027 1,428 Thereafter 8,536 Total undiscounted lease payments $ 14,004

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Common Stock Issued and Outstanding	The Company has the following shares of common stock issued and outstanding: As of December 31, 2022 2021 Class A common stock 96,527,754 92,868,512 Class B common stock 18,667,255 19,646,465 Total common stock issued and outstanding 115,195,009 112,514,977 The following table represents the number of shares of Class B common stock converted to shares of Class A common stock upon the election of the holders of such shares during the years: Year Ended December 31, 2022 2021 2020 Class B common stock converted to Class A common stock 979,210 3,035,000 52,587,965

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of the Company's stock option activity	A summary of the Company’s stock option activity under the Plans is as follows: Outstanding Options Weighted- Average Exercise Price Weighted- Aggregate Intrinsic Value Balance as of December 31, 2021 8,212,754 $ 29.28 6.8 $ 993,520,419 Granted 1,861,632 53.18 Exercised (1,650,434) 9.42 Cancelled and forfeited (459,395) 61.96 Balance as of December 31, 2022 7,964,557 $ 37.10 6.4 $ 128,069,003 Vested and exercisable as of December 31, 2022 5,528,290 $ 26.05 5.4 $ 122,045,101
Stock Option Valuation Assumptions and Fair Values Performance Stock Options	The fair value of each employee option grant was estimated on the date of grant using the Black-Scholes option pricing model and the following assumptions for the periods indicated: Year Ended December 31, 2022 2021 2020 Expected volatility 65% – 71% 67% – 69% 60% – 71% Risk-free interest rate 1.6% – 4.1% 1.0% – 1.1% 0.3% – 1.7% Expected term 5.3 – 6.1 years 6.0 – 6.1 years 5.3 – 6.9 years Expected dividend —% —% —% The Company estimates the fair values of shares under the Performance stock options using a Monte Carlo simulation model with the following assumptions: Year Ended December 31, 2022 Expected volatility 68% Risk-free interest rate 3.4% Expected dividend —%
Summary of RSU activity	Restricted stock units (“RSUs”) activity for the year ended December 31, 2022 is as follows: Restricted Stock Weighted-Average Balance as of December 31, 2021 1,298,244 $ 141.48 Granted 6,060,449 43.45 Vested (878,570) 93.93 Cancelled (643,931) 92.83 Outstanding as of December 31, 2022 5,836,192 $ 52.21
Schedule of Fair value of the Employee Stock Purchase Plan	The following assumptions were used in estimating the fair values of shares under the ESPP: Year Ended December 31, 2022 2021 2020 Expected volatility 81% – 92% 47% – 69% 45% – 70% Risk-free interest rate 1.54% – 4.54% 0.04% – 0.06% 0.12% – 0.15% Expected term (in years) 0.5 0.5 – 1.0 0.50 – 1.0 Expected dividend —% —% —%
Recorded Stock-based Compensation Expense in the Condensed Consolidated Statement of Operations	The Company recorded stock-based compensation expense in the consolidated statement of operations for the periods presented as follows (in thousands): Year Ended December 31, 2022 2021 2020 Cost of revenue $ 5,259 $ 3,231 $ 1,551 Research and development 59,211 41,970 19,623 Selling, general and administrative 72,378 50,761 27,452 Total stock-based compensation expense $ 136,848 $ 95,962 $ 48,626

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss Per Share	The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect: Year Ended December 31, 2022 2021 2020 Stock options to purchase common stock 7,964,557 8,212,754 11,860,844 Restricted stock units 5,836,192 1,298,244 823,947 Shares committed under ESPP 46,548 13,368 10,939 Shares subject to repurchase — 18,750 68,750 Contingent restricted shares — — 236,484 Total 13,847,297 9,543,116 13,000,964

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of operating segment | segment	1
Short-term restricted cash	$ 2,633,000	$ 1,028,000
Long-term restricted cash	4,974,000	7,598,000
Allowance for doubtful accounts	100,000	0
Impairment of long lived assets	0	0	$ 0
Advertising costs	3,700,000	4,700,000	1,900,000
Foreign currency transaction gains (losses)	$ 200,000	$ (900,000)	$ 1,300,000
Accounts Receivable | Customer Concentration Risk | One Distributor
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk		11%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash and cash equivalents	$ 219,746	$ 587,447	$ 663,603
Restricted cash	7,607	8,626	25,041
Total cash, cash equivalents and restricted cash	$ 227,353	$ 596,073	$ 688,644	$ 476,493

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Company Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Laboratory equipment and machinery | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment	3 years
Laboratory equipment and machinery | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment	5 years
Computer equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment	2 years
Computer equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment	3 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment	3 years
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment	1 year
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of property and equipment	11 years

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 4.2
Cost of Revenue
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.3
Research and development
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1.4
Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 2.5

Restructuring - Restructuring C

Restructuring - Restructuring Costs Related to Restructuring (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 0
Restructuring charge	4,216
Cash payments made	(3,385)
Non-cash charge	(616)
Restructuring reserve, ending balance	215
Severance and Benefits Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0
Restructuring charge	3,600
Cash payments made	(3,385)
Non-cash charge	0
Restructuring reserve, ending balance	215
Stock-Based Compensation Expense
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0
Restructuring charge	616
Cash payments made	0
Non-cash charge	(616)
Restructuring reserve, ending balance	$ 0

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 08, 2021	Oct. 13, 2020	Aug. 21, 2020
ReadCoor
Business Acquisition [Line Items]
Assets acquired and liabilities assumed		$ 407,432
Transaction costs		1,600
Cash acquired		9,200
Cash payments for asset acquisition		101,400
Purchase consideration, shares		$ 306,000
Shares issued for purchase agreement (in shares)		1,901,382
Common stock, contractual value		$ 250,000
Term for common stock, weighted average price		10 days
In-process research and development		$ 406,911
Intangible asset		$ 927
CartaNA
Business Acquisition [Line Items]
Assets acquired and liabilities assumed			$ 41,786
Transaction costs			600
Cash acquired			1,500
Cash payments for asset acquisition			41,800
In-process research and development			40,637
Intangible asset			$ 801
Tetramer Shop
Business Acquisition [Line Items]
Percentage of outstanding shares acquired	100%
Cash paid for acquisition	$ 8,500
Cash acquired	200
Estimated fair value of contingent consideration	1,500
Intangible asset	$ 5,640
Tetramer Shop | Developed technology
Business Acquisition [Line Items]
Weighted average amortization period of intangible asset	10 years
Intangible asset	$ 5,500
Tetramer Shop | Customer relationships
Business Acquisition [Line Items]
Weighted average amortization period of intangible asset	3 years
Intangible asset	$ 140

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed, Including Goodwill and Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Jan. 08, 2021
Business Acquisition [Line Items]
Goodwill	$ 4,511	$ 4,511
Tetramer Shop
Business Acquisition [Line Items]
Cash and cash equivalents			$ 224
Other assets acquired			83
Tangible assets acquired			307
Other liabilities assumed			(652)
Deferred tax liability - non-current			(1,131)
Total net tangible assets acquired and liabilities assumed			(1,476)
Intangible assets			5,640
Goodwill			4,511
Net assets acquired			$ 8,675

Acquisitions - Intangible Asset

Acquisitions - Intangible Assets Acquired (Details) - Tetramer Shop $ in Thousands	Jan. 08, 2021 USD ($)
Business Acquisition [Line Items]
Intangible asset	$ 5,640
Developed technology
Business Acquisition [Line Items]
Intangible asset	$ 5,500
Weighted average amortization period of intangible asset	10 years
Customer relationships
Business Acquisition [Line Items]
Intangible asset	$ 140
Weighted average amortization period of intangible asset	3 years

Acquisitions - Summary of Asset

Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Oct. 13, 2020	Aug. 21, 2020
ReadCoor
Business Acquisition [Line Items]
In-process research and development	$ 406,911
Intangible asset	927
Other assets and liabilities, net	(406)
Total net assets acquired	$ 407,432
CartaNA
Business Acquisition [Line Items]
In-process research and development		$ 40,637
Intangible asset		801
Other assets and liabilities, net		348
Total net assets acquired		$ 41,786

Other Financial Statement Inf_3

Other Financial Statement Information - Available-for-Sale Securities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Marketable Securities [Line Items]
Gross Unrealized Gains	$ 4
Gross Unrealized Losses	(4,120)
Marketable securities, fair value	210,238
Total available-for-sale securities	377,538
Total available-for-sale securities,fair value	373,422
Money market funds | Level 1
Marketable Securities [Line Items]
Money market funds	163,184
Corporate debt securities | Level 2
Marketable Securities [Line Items]
Marketable securities	153,794
Gross Unrealized Gains	4
Gross Unrealized Losses	(2,768)
Marketable securities, fair value	151,030
Government debt securities | Level 2
Marketable Securities [Line Items]
Marketable securities	54,136
Gross Unrealized Gains	0
Gross Unrealized Losses	(1,247)
Marketable securities, fair value	52,889
Asset-backed securities | Level 2
Marketable Securities [Line Items]
Marketable securities	6,424
Gross Unrealized Gains	0
Gross Unrealized Losses	(105)
Marketable securities, fair value	$ 6,319

Other Financial Statement Inf_4

Other Financial Statement Information - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Depreciation expense	$ 22,800	$ 18,500	$ 12,300
Transaction price allocated to remaining performance obligations	11,000
Contract liability	$ 11,032	7,688	$ 6,154
Level 1 | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of money market instruments		$ 548,000

Other Financial Statement Inf_5

Other Financial Statement Information - Contractual Maturities of Marketable Securities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value
Due in one year or less	$ 144,543
Due after one year to five years	65,695
Total marketable securities	$ 210,238

Other Financial Statement Inf_6

Other Financial Statement Information - Schedule of Inventory (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Purchased materials	$ 34,497	$ 31,954
Work in progress	24,650	14,052
Finished goods	22,482	13,960
Inventory	$ 81,629	$ 59,966

Other Financial Statement Inf_7

Other Financial Statement Information - Schedule Of Property Plant And Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 358,158	$ 218,513
Less: accumulated depreciation and amortization	(68,830)	(49,021)
Property and equipment, net	289,328	169,492
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	36,780	36,099
Laboratory equipment and machinery
Property, Plant and Equipment [Line Items]
Total property and equipment	54,658	44,189
Computer equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	12,565	12,294
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	9,642	6,208
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	91,518	67,532
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 152,995	$ 52,191

Other Financial Statement Inf_8

Other Financial Statement Information - Intangible Assets, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 30,077	$ 30,077
Accumulated Amortization	(7,219)	(4,680)
Intangibles, Net	$ 22,858	25,397
Technology licenses
Finite-Lived Intangible Assets [Line Items]
Remaining Useful Life in Years	11 years 8 months 12 days
Gross Carrying Amount	$ 22,504	22,504
Accumulated Amortization	(5,043)	(3,506)
Intangibles, Net	$ 17,461	18,998
Developed technology
Finite-Lived Intangible Assets [Line Items]
Remaining Useful Life in Years	8 years
Gross Carrying Amount	$ 5,500	5,500
Accumulated Amortization	(1,100)	(550)
Intangibles, Net	$ 4,400	4,950
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Remaining Useful Life in Years	1 year 9 months 18 days
Gross Carrying Amount	$ 945	945
Accumulated Amortization	(563)	(337)
Intangibles, Net	$ 382	608
Assembled workforce
Finite-Lived Intangible Assets [Line Items]
Remaining Useful Life in Years	2 years 9 months 18 days
Gross Carrying Amount	$ 1,128	1,128
Accumulated Amortization	(513)	(287)
Intangibles, Net	$ 615	$ 841

Other Financial Statement Inf_9

Other Financial Statement Information - Annual Amortization Of Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Estimated Annual Amortization
2023	$ 2,506
2024	2,378
2025	2,214
2026	2,024
2027	2,024
Thereafter	11,712
Intangibles, Net	$ 22,858	$ 25,397

Other Financial Statement In_10

Other Financial Statement Information - Schedule of Accrued Compensation and Related Benefits (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued payroll and related costs	$ 2,052	$ 3,978
Accrued bonus	17,081	16,558
Accrued commissions	5,143	3,417
Accrued acquisition-related compensation	5,470	4,430
Other	2,929	3,243
Accrued compensation and related benefits	$ 32,675	$ 31,626

Other Financial Statement In_11

Other Financial Statement Information - Schedule of Accrued Expense And Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued legal and related costs	$ 3,102	$ 2,425
Accrued license fee	6,231	6,214
Accrued royalties for licensed technologies	4,707	4,415
Accrued property and equipment	26,750	15,361
Accrued professional services	5,180	8,593
Product warranties	3,023	994
Taxes payable	4,079	4,622
Other	6,707	8,285
Accrued expenses and other current liabilities	$ 59,779	$ 50,909

Other Financial Statement In_12

Other Financial Statement Information - Schedule of Changes in the Reserve for Product Warranties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning of period	$ 994	$ 399
Amounts charged to cost of revenue	5,708	2,934
Repairs and replacements	(3,679)	(2,339)
End of period	$ 3,023	$ 994

Other Financial Statement In_13

Other Financial Statement Information - Revenue Recognition (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 7,867	$ 5,340
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 7,900
Expected period of revenue recognition	12 months

Other Financial Statement In_14

Other Financial Statement Information - Summary Of The Change In Contract Liabilities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Contract with Customer, Liability [Roll Forward]
Balance as of January 1	$ 7,688	$ 6,154
Revenue recognized that was included in the contract liability at the beginning of the year	(4,793)	(4,101)
Revenue deferred excluding amounts recognized as revenue during the period	8,137	5,635
Balance as of December 31	$ 11,032	$ 7,688

Other Financial Statement In_15

Other Financial Statement Information - Schedule of Revenue by Source (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Product Information [Line Items]
Revenue	$ 516,409	$ 490,490	$ 298,845
Instruments
Product Information [Line Items]
Revenue	72,396	64,474	40,128
Consumables
Product Information [Line Items]
Revenue	435,588	418,740	252,685
Services
Product Information [Line Items]
Revenue	$ 8,425	$ 7,276	$ 6,032

Other Financial Statement In_16

Other Financial Statement Information - Schedule of Revenue by geography (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 516,409	$ 490,490	$ 298,845
United States
Disaggregation of Revenue [Line Items]
Revenue	284,987	258,274	154,768
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	117,068	108,491	73,265
China
Disaggregation of Revenue [Line Items]
Revenue	59,559	74,924	41,741
Asia-Pacific (excluding China)
Disaggregation of Revenue [Line Items]
Revenue	46,004	42,087	24,507
North America (excluding United States)
Disaggregation of Revenue [Line Items]
Revenue	$ 8,791	$ 6,714	$ 4,564

Income Tax - Summary Of Loss Be

Income Tax - Summary Of Loss Before Provision For Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Loss before provision for income taxes	$ (161,971)	$ (53,715)	$ (534,476)
United States
Income Tax Contingency [Line Items]
Loss before provision for income taxes	(172,038)	(73,070)	(376,835)
International
Income Tax Contingency [Line Items]
Loss before provision for income taxes	$ 10,067	$ 19,355	$ (157,641)

Income Tax - Provision for Inco

Income Tax - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current provision:
Federal	$ 0	$ 0	$ 0
State	533	50	0
Foreign	3,360	5,148	8,173
Total current provision for income taxes	3,893	5,198	8,173
Deferred provision:
Federal	0	0	0
State	0	0	0
Foreign	136	(690)	82
Total deferred provision for income taxes	136	(690)	82
Total provision for income taxes	$ 4,029	$ 4,508	$ 8,255

Income Tax - Additional Informa

Income Tax - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Nov. 01, 2013
Operating Loss Carryforwards [Line Items]
Provision for income taxes	$ 4,029	$ 4,508	$ 8,255
Change in valuation allowance	51,100	126,300
Operating loss carryforwards, limitation amount					$ 4,800
Unrecognized gross tax benefits	31,755	23,759	$ 14,657
Unrecognized gross tax benefit that would affect effective tax rate if recognized	2,400	$ 1,500
Interest and penalties accrued	400
Interest and penalties expense	200
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	717,000			$ 708,500
Tax credit carryforward	59,000
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	375,700
Tax credit carryforward	$ 46,600

Income Tax - Summary Of Reconci

Income Tax - Summary Of Reconciliation Of The Federal Statutory Income Tax Provision (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income tax provision at statutory rate	$ (34,014)	$ (11,280)	$ (112,240)
State taxes, net	(11,782)	(20,136)	(16,653)
Tax credits	(9,028)	(11,836)	(9,453)
Foreign taxes	1,522	142	41,253
Stock-based compensation	5,812	(78,852)	(52,070)
Change in valuation allowance	50,077	126,386	99,034
Acquisition related expenses	0	(793)	93,407
Impact of change in tax status	0	0	(34,731)
Other	1,442	877	(292)
Total provision for income taxes	$ 4,029	$ 4,508	$ 8,255

Income Tax - Summary Of Major C

Income Tax - Summary Of Major Components Of Deferred Tax Assets And Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Net operating loss carryforwards	$ 175,018	$ 195,953
Research and development tax credits	69,271	54,117
Accruals and reserves	7,116	7,868
Lease liability	21,873	19,697
Intangibles	39,061	40,716
Stock-based compensation	20,910	12,261
Section 174 capitalized R&D	49,462	0
Total deferred tax assets	382,711	330,612
Valuation allowance	(364,263)	(313,194)
Net deferred tax assets	18,448	17,418
Deferred tax liabilities
Fixed assets	(4,046)	(4,189)
Right-of-use assets	(15,054)	(13,745)
Total deferred tax liabilities	(19,100)	(17,934)
Net deferred tax liabilities	$ (652)	$ (516)

Income Tax - Summary Of Unrecog

Income Tax - Summary Of Unrecognized Gross Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at beginning of year	$ 23,759	$ 14,657
Reductions based on prior year tax provisions	(380)	(252)
Additions based on prior year tax provisions	2,474	0
Additions based on current year tax provisions	5,902	9,354
Unrecognized tax benefits at end of year	$ 31,755	$ 23,759

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Nov. 06, 2020 ft²
Loss Contingencies [Line Items]
Operating lease cost	$ 13,100	$ 10,500	$ 8,400
Variable lease cost	400	600	400
Operating lease payments	12,100	$ 6,200	$ 7,100
Pleasanton, California
Loss Contingencies [Line Items]
Lease payment commencing 2023	$ 14,000
Pleasanton, California | 2023
Loss Contingencies [Line Items]
Weighted-average expected lease terms	11 years
Office building near headquarters
Loss Contingencies [Line Items]
Lease payment commencing 2023	$ 0
Office building near headquarters | Pleasanton, California
Loss Contingencies [Line Items]
Real estate property, area | ft²				145
Letter of Credit
Loss Contingencies [Line Items]
Letter of credit maximum borrowing capacity	$ 7,500
Maximum
Loss Contingencies [Line Items]
Operating lease term	11 years
Intellectual Property
Loss Contingencies [Line Items]
Minimum purchase commitment	$ 24,600
Software Development
Loss Contingencies [Line Items]
Contractual obligation	13,200
Construction
Loss Contingencies [Line Items]
Contractual obligation	$ 200

Commitments and Contingencies_2

Commitments and Contingencies - Summary of Company's Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2023	$ 13,981
2024	15,102
2025	13,961
2026	14,688
2027	14,029
Thereafter	47,897
Total lease payments	119,658
Less: imputed interest	(24,482)
Present value of operating lease liabilities	95,176
Operating lease liabilities, current	9,037	$ 5,131
Operating lease liabilities, noncurrent	86,139	$ 76,847
Total operating lease liabilities	$ 95,176

Commitments and Contingencies_3

Commitments and Contingencies - Summary of Additional Information Related to Operating Leases (Details)	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term, operating leases	8 years 1 month 6 days	8 years 8 months 12 days
Weighted-average discount rate, operating leases	5.50%	5.40%

Commitments and Contingencies_4

Commitments and Contingencies - Estimated Undiscounted Lease Payments (Details) - Office building near headquarters $ in Thousands	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
2023	$ 0
2024	1,307
2025	1,346
2026	1,387
2027	1,428
Thereafter	8,536
Total undiscounted lease payments	$ 14,004

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)	Dec. 31, 2022 vote $ / shares shares	Dec. 31, 2021 $ / shares shares
Class of Stock [Line Items]
Shares of capital stock authorized (in shares)	1,200,000,000
Common stock authorized (in shares)	1,100,000,000	1,100,000,000
Preferred stock authorized (in shares)	100,000,000	100,000,000
Common stock par value (in dollars per share) | $ / shares	$ 0.00001	$ 0.00001
Common Class A
Class of Stock [Line Items]
Common stock authorized (in shares)	1,000,000,000
Common stock par value (in dollars per share) | $ / shares	$ 0.00001
Number of votes per share | vote	1
Common Class B
Class of Stock [Line Items]
Common stock authorized (in shares)	100,000,000
Common stock par value (in dollars per share) | $ / shares	$ 0.00001
Number of votes per share | vote	10
Convertible Preferred Stock
Class of Stock [Line Items]
Preferred stock authorized (in shares)	100,000,000

Capital Stock - Schedule of Com

Capital Stock - Schedule of Common Stock Issued and Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock issued (in shares)	115,195,009	112,514,977
Common stock outstanding (in shares)	115,195,009	112,514,977
Class B common stock converted to Class A common stock
Class of Stock [Line Items]
Common stock shares converted (in shares)	979,210	3,035,000	52,587,965
Common Class A
Class of Stock [Line Items]
Common stock issued (in shares)	96,527,754	92,868,512
Common stock outstanding (in shares)	96,527,754	92,868,512
Common class B
Class of Stock [Line Items]
Common stock issued (in shares)	18,667,255	19,646,465
Common stock outstanding (in shares)	18,667,255	19,646,465

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Detail) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2022 shares	Dec. 31, 2022 USD ($) d $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares
Restricted stock units, granted (in shares)		6,060,449
Weighted-average grant date fair value, granted (in dollars per share) | $ / shares		$ 43.45
Restricted Stock Units (RSUs)
Unrecognized stock-based compensation | $		$ 286,500
Weighted-average period of recognition for stock options		3 years
2019 Omnibus Incentive Plan
Percentage increase in shares on stock outstanding		5%
Contractual term		10 years
Stock options grant date fair value (in dollars per share) | $ / shares		$ 32.95	$ 108.05	$ 45.02
Intrinsic value of stock options exercised | $		$ 89,500	$ 572,200	$ 466,100
Unrecognized stock-based compensation | $		$ 87,400
Weighted-average period of recognition for stock options		2 years
2019 Omnibus Incentive Plan | Minimum
Exercise price percentage on fair market value		100%
2019 Plan | Performance Stock Options and Restricted stock Units
Restricted stock units, granted (in shares)	709,025
Market-based Performance Awards
Share-based compensation arrangement by share-based payment award predetermined share price, threshold consecutive day | d		20
Employee benefits and share-based compensation | $		$ 3,300
Weighted-average grant date fair value, granted (in dollars per share) | $ / shares		$ 22.55
Market-based Performance Awards | Tranche One
Proceeds from issuance of preferred stock, preference stock, and warrants | $		$ 60
Market-based Performance Awards | Tranche Two
Proceeds from issuance of preferred stock, preference stock, and warrants | $		80
Market-based Performance Awards | Tranche Three
Proceeds from issuance of preferred stock, preference stock, and warrants | $		$ 105
2019 Employee Stock Purchase Plan
Percentage increase in shares on stock outstanding		1%
Stock options grant date fair value (in dollars per share) | $ / shares		$ 33.74	$ 43.39
Unrecognized stock-based compensation | $		$ 1,600
Weighted-average period of recognition for stock options		4 months 24 days
Employee contribution percentage		15%
Offering period		6 months
2019 Employee Stock Purchase Plan | Employee Stock
Common stock reserved for issuance (in shares)		2,906,253
Common Class A | 10x Genomics, Inc. 2012 Stock Plan
Common stock issuable upon the exercise of stock options (in shares)		4,282,325
Common Class A | 2019 Omnibus Incentive Plan
Common stock issuable upon the exercise of stock options (in shares)		12,063,643
Shares issuable in connection with outstanding awards (in shares)		3,682,232
Common stock reserved for issuance (in shares)		11,000,000
Share-based payment award, number of shares authorized (in shares)		11,000,000
Common Class A | 2019 Employee Stock Purchase Plan
Common stock reserved for issuance (in shares)		3,284,859
Common Class A | 2019 Employee Stock Purchase Plan | Employee Stock
Shares issued in period for previously outstanding awards (in shares)		151,028	61,764

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary Of Company's Stock Option Activity (Detail) - 2019 Omnibus Incentive Plan - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Outstanding Options
Outstanding options, Beginning balance (in shares)	8,212,754
Outstanding options, Granted (in shares)	1,861,632
Outstanding Options, Exercised (in shares)	(1,650,434)
Cancelled and forfeited (in shares)	(459,395)
Outstanding options, Ending balance (in shares)	7,964,557	8,212,754
Weighted- Average Exercise Price
Weighted-Average Exercise Price, Beginning balance (in dollars per share)	$ 29.28
Weighted-Average Exercise Price, Granted (in dollars per share)	53.18
Weighted-Average Exercise Price, Exercised (in dollars per share)	9.42
Weighted-Average Exercise Price, Cancelled and forfeited (in dollars per share)	61.96
Weighted-Average Exercise Price, Ending balance (in dollars per share)	$ 37.10	$ 29.28
Options Outstanding, Weighted-Average Remaining Terms (Years)	6 years 4 months 24 days	6 years 9 months 18 days
Options Outstanding, Aggregate Intrinsic Value	$ 128,069,003	$ 993,520,419
Weighted-Average Remaining Terms and Aggregate Intrinsic Value
Outstanding Options, Vested and exercisable (in shares)	5,528,290
Weighted-Average Exercise Price, Vested exercisable (in dollars per share)	$ 26.05
Options Outstanding, Weighted-Average Remaining Terms, Vested and exercisable	5 years 4 months 24 days
Options Outstanding, Aggregate Intrinsic Value, Vested and exercisable	$ 122,045,101

Equity Incentive Plans - Summ_2

Equity Incentive Plans - Summary Of Stock Option Valuation Assumptions (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend	0%	0%	0%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	65%	67%	60%
Risk-free interest rate	1.60%	1%	0.30%
Expected term (in years)	5 years 3 months 18 days	6 years	5 years 3 months 18 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	71%	69%	71%
Risk-free interest rate	4.10%	1.10%	1.70%
Expected term (in years)	6 years 1 month 6 days	6 years 1 month 6 days	6 years 10 months 24 days

Equity Incentive Plans - Summ_3

Equity Incentive Plans - Summary of RSU Activity (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted Stock Units
Restricted Stock Units, Beginning balance (in shares) | shares	1,298,244
Restricted stock units, granted (in shares) | shares	6,060,449
Restricted Stock Units, Vested (in shares) | shares	(878,570)
Restricted Stock Units, Cancelled (in shares) | shares	(643,931)
Restricted Stock Units, Ending balance (in shares) | shares	5,836,192
Weighted-Average Grant Date Fair Value (per share)
Weighted-Average Grant Date Fair Value, Beginning balance (in dollars per share) | $ / shares	$ 141.48
Weighted-average grant date fair value, granted (in dollars per share) | $ / shares	43.45
Weighted-Average Grant Date Fair Value, Vested (in dollars per share) | $ / shares	93.93
Weighted-Average Grant Date Fair Value, Cancelled (in dollars per share) | $ / shares	92.83
Weighted-Average Grant Date Fair Value, Ending balance (in dollars per share) | $ / shares	$ 52.21

Equity Incentive Plans - Summ_4

Equity Incentive Plans - Summary of Fair Values Performance Stock Options (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend	0%	0%	0%
Performance Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	68%
Risk-free interest rate	3.40%
Expected dividend	0%

Equity Incentive Plans - Summ_5

Equity Incentive Plans - Summary Of Fair Value Of The ESPP (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend	0%	0%	0%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	65%	67%	60%
Risk-free interest rate	1.60%	1%	0.30%
Expected term (in years)	5 years 3 months 18 days	6 years	5 years 3 months 18 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	71%	69%	71%
Risk-free interest rate	4.10%	1.10%	1.70%
Expected term (in years)	6 years 1 month 6 days	6 years 1 month 6 days	6 years 10 months 24 days
2019 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend	0%	0%	0%
2019 Employee Stock Purchase Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	81%	47%	45%
Risk-free interest rate	1.54%	0.04%	0.12%
Expected term (in years)		6 months	6 months
2019 Employee Stock Purchase Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	92%	69%	70%
Risk-free interest rate	4.54%	0.06%	0.15%
Expected term (in years)	6 months	1 year	1 year

Equity Incentive Plans - Record

Equity Incentive Plans - Recorded Stock-Based Compensation Expense in the Condensed Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement, Expensed [Line Items]
Stock-based compensation expense	$ 136,848	$ 95,962	$ 48,626
Cost of revenue
Share-based Payment Arrangement, Expensed [Line Items]
Stock-based compensation expense	5,259	3,231	1,551
Research and development
Share-based Payment Arrangement, Expensed [Line Items]
Stock-based compensation expense	59,211	41,970	19,623
Selling, general and administrative
Share-based Payment Arrangement, Expensed [Line Items]
Stock-based compensation expense	$ 72,378	$ 50,761	$ 27,452

Employee Benefit Plans (Details

Employee Benefit Plans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, employers matching contribution, percentage	100%
Defined contribution plan, employer matching contribution, first percentage	3%
Defined benefit plan, plan assets, contributions by employer	$ 2,000
Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, contributions by employer	$ 2

Net Loss Per Share (Detail)

Net Loss Per Share (Detail) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	13,847,297	9,543,116	13,000,964
Stock options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	7,964,557	8,212,754	11,860,844
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	5,836,192	1,298,244	823,947
Shares committed under ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	46,548	13,368	10,939
Shares subject to repurchase
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	18,750	68,750
Contingent restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0	236,484

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Asset acquisition, upfront payment		$ 0	$ 0	$ 1,728
Subsequent Event | Series of Individually Immaterial Asset Acquisitions
Subsequent Event [Line Items]
Asset acquisition, upfront payment	$ 10,000
Expected price of acquisition	10,000
Cash consideration	$ 36,300