v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flow from operating activities    
Net loss $ (24,982) $ (76,088)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,102 2,979
Depreciation 483 1,917
Net amortization of premiums and discounts on marketable securities 0 (583)
Other non-cash items 111 492
Impairment of held for sale assets 0 3,724
Interest related to sale of future revenues 1,072 2,145
Changes in operating assets and liabilities:    
Accounts receivable 12,584 15,756
Prepaid expenses and other current assets 248 70
Right-of-use assets 709 6,125
Other non-current assets 0 1,025
Accounts payable 1,727 (27)
Accrued expenses (11,362) 1,693
Accrued interest on sale of future revenues (5,000) (2,128)
Deferred revenue 0 (4,221)
Operating lease liabilities (805) (3,899)
Other non-current liabilities 52 3,221
Net cash used in operating activities (23,061) (47,799)
Cash flow from investing activities    
Purchases of property and equipment (92) (114)
Proceeds from the sale of equipment 156 0
Proceeds from maturities of marketable securities 0 56,501
Net cash provided by (used in) investing activities 64 56,387
Cash flow from financing activities    
Repayment on sale of future revenues 0 (2,872)
Proceeds from issuance of common stock from at-the-market equity offering 0 1,435
Net cash used in financing activities 0 (1,437)
Net increase (decrease) in cash, cash equivalents, and restricted cash (22,997) 7,151
Cash, cash equivalents, and restricted cash, beginning of period 149,315 135,418
Cash, cash equivalents, and restricted cash, end of period 126,318 142,569
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]    
Cash and cash equivalents, end of period 123,648 138,692
Restricted cash 2,670 3,877
Cash, cash equivalents, and restricted cash, end of period 126,318 142,569
Supplemental disclosure of cash and non-cash activities:    
Cash paid for interest 5,000 2,128
Cash paid in connection with operating lease liabilities 2,004 5,406
Remeasurement of operating lease liabilities and right-of-use assets due to lease modification $ 793 $ 766