v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 666,699 $ 737,060
Accounts receivable, net 24,347 30,650
Inventory 3,737 3,564
Prepaid expenses and other current assets 11,212 10,855
Total current assets 705,995 782,129
Property and equipment, net 18,425 19,676
Restricted cash 1,614 1,614
Operating lease assets 6,495 4,638
Total assets 732,529 808,057
Current liabilities:    
Accounts payable 8,026 4,154
Accrued expenses and other current liabilities 36,487 43,835
Operating lease liabilities 3,170 2,817
Total current liabilities 47,683 50,806
Other liabilities:    
Operating lease liabilities, net of current portion 4,230 2,815
Derivative liability 12,071 13,903
Deferred revenue 14,000 14,000
Notes payable, net 72,062 71,336
Other non-current liabilities 909 887
Total liabilities 150,955 153,747
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized and no shares issued or outstanding at March 31, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value; 400,000,000 and 400,000,000 shares authorized and 218,896,915 and 215,927,600 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 22 22
Additional paid-in capital 1,827,187 1,811,311
Accumulated deficit (1,245,635) (1,157,023)
Total stockholders' equity 581,574 654,310
Total liabilities and stockholders' equity $ 732,529 $ 808,057