v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED) - USD ($)
$ in Thousands
Total
Common stock warrants
Additional Paid-in Capital [Member]
Accumulated other comprehensive loss
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2023 $ 228,442 $ 5 $ 688,124 $ (87) $ (459,600)
Beginning balance, Shares at Dec. 31, 2023   52,388,961      
Share-based compensation 5,261   5,261    
Issuance of common stock upon exercise of stock options 39   39    
Issuance of common stock upon exercise of stock options, Shares   28,227      
Issuance of common stock upon release of restricted stock units, Shares   423,869      
Shares withheld for the withholding tax on vesting of restricted stock (55)   (55)    
Shares withheld for the withholding tax on vesting of restricted stock, Shares   (25,286)      
Unrealized loss on available-for-sale securities (161)     (161)  
Net Income (Loss) (35,326)       (35,326)
Ending balance at Mar. 31, 2024 198,200 $ 5 693,369 (248) (494,926)
Ending balance, Shares at Mar. 31, 2024   52,815,771      
Beginning balance at Dec. 31, 2023 228,442 $ 5 688,124 (87) (459,600)
Beginning balance, Shares at Dec. 31, 2023   52,388,961      
Unrealized loss on available-for-sale securities (149)        
Net Income (Loss) (78,719)        
Ending balance at Jun. 30, 2024 159,960 $ 5 698,510 (236) (538,319)
Ending balance, Shares at Jun. 30, 2024   53,176,660      
Beginning balance at Mar. 31, 2024 198,200 $ 5 693,369 (248) (494,926)
Beginning balance, Shares at Mar. 31, 2024   52,815,771      
Share-based compensation 5,364   5,364    
Issuance of common stock upon exercise of stock options 15   15    
Issuance of common stock upon exercise of stock options, Shares   5,682      
Issuance of common stock upon release of restricted stock units, Shares   411,670      
Shares withheld for the withholding tax on vesting of restricted stock (238)   (238)    
Shares withheld for the withholding tax on vesting of restricted stock, Shares   (56,463)      
Unrealized loss on available-for-sale securities 12     12  
Net Income (Loss) (43,393)       (43,393)
Ending balance at Jun. 30, 2024 159,960 $ 5 698,510 (236) (538,319)
Ending balance, Shares at Jun. 30, 2024   53,176,660      
Beginning balance at Dec. 31, 2024 99,352 $ 6 711,160 47 (611,861)
Beginning balance, Shares at Dec. 31, 2024   54,139,560      
Share-based compensation 4,564   4,564    
Issuance of common stock upon exercise of stock options, Shares   273      
Issuance of common stock upon release of restricted stock units, Shares   857,209      
Shares withheld for the withholding tax on vesting of restricted stock (183)   (183)    
Shares withheld for the withholding tax on vesting of restricted stock, Shares   (47,758)      
Unrealized loss on available-for-sale securities (54)     (54)  
Net Income (Loss) (34,867)       (34,867)
Ending balance at Mar. 31, 2025 68,812 $ 6 715,541 (7) (646,728)
Ending balance, Shares at Mar. 31, 2025   54,949,284      
Beginning balance at Dec. 31, 2024 $ 99,352 $ 6 711,160 47 (611,861)
Beginning balance, Shares at Dec. 31, 2024   54,139,560      
Issuance of common stock upon exercise of stock options, Shares 50,661        
Unrealized loss on available-for-sale securities $ (52)        
Net Income (Loss) (227,609)        
Ending balance at Jun. 30, 2025 (118,181) $ 6 721,288 (5) (839,470)
Ending balance, Shares at Jun. 30, 2025   55,430,255      
Beginning balance at Mar. 31, 2025 68,812 $ 6 715,541 (7) (646,728)
Beginning balance, Shares at Mar. 31, 2025   54,949,284      
Share-based compensation 6,024   6,024    
Issuance of common stock upon exercise of stock options 118   118    
Issuance of common stock upon exercise of stock options, Shares   50,388      
Issuance of common stock upon release of restricted stock units, Shares   482,010      
Shares withheld for the withholding tax on vesting of restricted stock (395)   (395)    
Shares withheld for the withholding tax on vesting of restricted stock, Shares   (51,427)      
Unrealized loss on available-for-sale securities 2     (2)  
Net Income (Loss) (192,742)       (192,742)
Ending balance at Jun. 30, 2025 $ (118,181) $ 6 $ 721,288 $ (5) $ (839,470)
Ending balance, Shares at Jun. 30, 2025   55,430,255