v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 78,720 $ 67,413
Restricted cash, current 647 1,467
Short-term investments 94,398 141,172
Accounts receivable, net 26,195 27,753
Inventory 29,878 23,566
Prepaid expenses and other current assets 21,169 17,517
Total current assets 251,007 278,888
Property and equipment, net 33,826 31,891
Operating lease, right-of-use assets 13,865 13,452
Unbilled receivable, non-current portion 5,240 8,560
Goodwill 38,525 0
Intangible assets, net 35,007 13,316
Restricted cash, non-current 1,100 1,100
Other non-current assets 2,942 2,309
Total assets 381,512 349,516
Current liabilities:    
Accounts payable 17,403 19,984
Accrued and other current liabilities 38,193 26,200
Contract liabilities, current 24,159 20,705
Operating lease liability, current portion 4,561 4,142
Total current liabilities 84,316 71,031
Operating lease liability, non-current portion 12,824 12,938
Contract liabilities, non-current portion 2,951 3,106
Deferred tax liability 5,147 0
Other non-current liabilities 653 703
Total liabilities 105,891 87,778
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized at March 31, 2026 and December 31, 2025; 63,461,091 and 60,947,757 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 48 48
Additional paid-in capital 1,267,048 1,235,580
Accumulated deficit (990,913) (973,448)
Accumulated other comprehensive (loss) income (562) (442)
Total stockholders’ equity 275,621 261,738
Total liabilities and stockholders’ equity $ 381,512 $ 349,516