v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 31,146 $ 161,475
Short-term investments 41,674 154,249
Accounts receivable, net of allowance of $156 and $190 at December 31, 2025 and December 31, 2024, respectively 15,604 23,641
Prepaid expenses 16,331 17,100
Other current assets 16,857 81,094
Total current assets 121,612 437,559
Long-term investments 12,392 212,650
Property and equipment, net 115,168 170,648
Intangible assets, net 6,041 10,347
Right of use assets 13,188 22,256
Other assets 9,613 15,491
Total assets 278,014 868,951
Current liabilities    
Accounts payable 3,258 15,159
Deferred revenue 29,675 39,217
Accrued liabilities 54,249 115,360
Current portion of convertible senior notes, net 53,765 358,605
Total current liabilities 140,947 528,341
Long-term liabilities    
Convertible senior notes, net 0 127,344
Long-term operating lease liabilities 15,205 18,509
Other long-term liabilities 2,239 1,776
Total long-term liabilities 17,444 147,629
Total liabilities 158,391 675,970
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value – 400,000,000 shares authorized; 110,985,562 and 104,880,048 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 111 105
Additional paid-in capital 1,145,371 1,114,550
Accumulated other comprehensive loss (32,997) (32,233)
Accumulated deficit (992,862) (889,441)
Total stockholders’ equity 119,623 192,981
Total liabilities and stockholders’ equity $ 278,014 $ 868,951