v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 149,608 $ 165,081
Restricted cash 379 389
Prepaid expenses and other current assets 41,503 35,821
Total current assets 191,490 201,291
NON-CURRENT ASSETS:    
Operating lease right-of-use assets 3,424 2,006
Deferred tax assets 3,751 3,774
Long-term prepaid expenses and other assets 11,684 6,595
Total assets 210,349 213,666
CURRENT LIABILITIES:    
Accounts payable 15,222 12,283
Accrued expenses and other liabilities 9,214 14,495
Debt, current portion 17,523 5,513
Operating lease liabilities - current 2,110 1,725
Warrant liabilities 203,726 0
Total current liabilities 247,795 34,016
NON-CURRENT LIABILITIES:    
Debt, non-current portion 14,110 24,652
Operating lease liabilities - non-current 1,292 303
Total liabilities 263,197 58,971
Commitments and contingencies (Note 14)
SHAREHOLDERS' (DEFICIT)/EQUITY:    
Ordinary shares, £0.008 par value; 96,085,785 and 68,552,215 shares authorized, issued and outstanding at December 31, 2025 and 2024, respectively 973 702
Additional paid-in capital 783,562 704,919
Accumulated other comprehensive loss (14,789) (16,194)
Accumulated deficit (822,594) (534,732)
Total shareholders' (deficit)/equity (52,848) 154,695
Total liabilities and shareholders' (deficit)/equity $ 210,349 $ 213,666