v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 391,134 $ 392,102
Accounts receivable, net 30,412 32,388
Inventory 3,039 3,040
Prepaid expenses and other current assets 8,790 13,457
Total current assets 433,375 440,987
Property and equipment, net 10,461 9,389
Restricted cash 1,614 1,614
Operating lease assets 5,883 5,945
Total assets 451,333 457,935
Current liabilities:    
Accounts payable 5,889 4,176
Accrued expenses and other current liabilities 34,417 35,117
Deferred revenue   128
Operating lease liabilities 2,625 1,933
Total current liabilities 42,931 41,354
Other liabilities:    
Operating lease liabilities, net of current portion 4,408 5,345
Derivative liability 14,024 13,246
Deferred revenue, net of current portion 14,000 14,000
Notes payable, net 69,906 68,505
Other non-current liabilities 148 141
Total liabilities 145,417 142,591
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized and no shares issued or outstanding at June 30, 2025 and December 31, 2024, respectively
Common stock, $0.0001 par value; 400,000,000 and 400,000,000 shares authorized and 172,925,389 and 157,749,490 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 17 16
Additional paid-in capital 1,328,850 1,206,412
Accumulated deficit (1,022,951) (891,084)
Total stockholders' equity 305,916 315,344
Total liabilities and stockholders' equity $ 451,333 $ 457,935