v3.25.2
Supplemental Financial Information
 6 Months Ended
Jun. 30, 2025
Other Liabilities Disclosure [Abstract]  
Supplemental Financial Information Supplemental Financial Information
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the condensed consolidated balance sheets to the total of the same amounts shown on the condensed consolidated statements of cash flows:
June 30, 2025December 31, 2024
Cash and cash equivalents$74,120 $85,212 
Restricted cash (included in other assets)990 990 
Total$75,110 $86,202 
Restricted cash as of June 30, 2025 and December 31, 2024 primarily consists of money market deposit accounts that secure an irrevocable standby letter of credit that serves as collateral for a security deposit for operating leases.
Prepaid expenses and other current assets consisted of the following:
June 30, 2025December 31, 2024
Prepaid expenses$8,377 $7,425 
Other current assets1,942 1,079 
Total$10,319 $8,504 
Accounts payable and accrued expenses consisted of the following:
June 30, 2025December 31, 2024
Accounts payable$3,522 $7,954 
Accrued expenses28,116 12,443 
Third party payor reserves, short-term17,601 10,586 
Total$49,239 $30,983 
Other current liabilities consisted of the following:
June 30, 2025December 31, 2024
Accrued compensation$10,093 $16,241 
Accrued severance986 746 
Due to related parties1,153 668 
Short-term contingent consideration liability2,553 — 
Other4,299 2,843 
Total$19,084 $20,498 
Other liabilities consisted of the following:
June 30, 2025December 31, 2024
Warrant liability$1,539 $3,519 
Long-term contingent consideration liability1,736 — 
Third party payor reserve, long-term— 2,000 
Total$3,275 $5,519 
2024 Sales Agreement
The Company entered into a sales agreement (the “Sales Agreement”) with TD Securities (USA) LLC (“TD Cowen”) in April 2024, pursuant to which the Company may, but is not obligated to, offer and sell, from time to time, shares of its Class A common stock with an aggregate offering price up to $75.0 million through TD Cowen, as sales agent, subject to the terms and conditions described in the Sales Agreement and SEC rules and regulations (the “ATM offering”). During the year ended December 31, 2024, the Company issued 825,379 shares of its Class A common stock in connection with the ATM offering at an average price of $58.41 per share. Proceeds received, net of agent fees and other offering expenses, were $46.5 million. During the six months ended June 30, 2025, the Company issued 150,000 shares of its Class A common stock in connection with the ATM offering at an average price of $96.10 per share. Proceeds received, net of agent fees and other offering expenses, were $13.8 million. As of June 30, 2025, approximately $12.4 million of capacity remained available under this ATM offering.