v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 221,881 $ 165,081
Restricted cash 379 389
Prepaid expenses and other current assets 54,143 35,821
Total current assets 276,403 201,291
NON-CURRENT ASSETS:    
Operating lease right-of-use assets 4,341 2,006
Deferred tax assets 4,290 3,774
Long-term prepaid expenses and other assets 8,502 6,595
Total assets 293,536 213,666
CURRENT LIABILITIES:    
Accounts payable 10,925 12,283
Accrued expenses and other liabilities 10,370 14,495
Debt, current portion 7,982 5,513
Operating lease liabilities - current 2,051 1,725
Total current liabilities 31,328 34,016
NON-CURRENT LIABILITIES    
Debt, non-current portion 22,951 24,652
Operating lease liabilities - non-current 2,304 303
Warrant liabilities 74,398 0
Total liabilities 130,981 58,971
Commitments and contingencies (Note 9)
SHAREHOLDERS' EQUITY:    
Ordinary shares, £0.008 par value; 93,586,348 and 68,552,215 shares authorized, issued and outstanding at June 30, 2025 and December 31, 2024, respectively 946 702
Additional paid-in capital 767,190 704,919
Accumulated other comprehensive loss (14,582) (16,194)
Accumulated deficit (590,999) (534,732)
Total shareholders' equity 162,555 154,695
Total liabilities and shareholders' equity $ 293,536 $ 213,666