v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 80,887 $ 100,547
Accounts receivable 10,627  
Prepaid expenses and other current assets 5,048 5,039
Total current assets 96,562 105,586
Property and equipment, net 25,960 27,672
Operating lease right-of-use assets 8,763 9,417
Other noncurrent assets 3,785 4,246
Total assets 135,070 146,921
Current liabilities:    
Accounts payable 1,914 3,581
Accrued and other current liabilities 6,030 8,835
Contract liabilities, current 5,722  
Operating lease liabilities, current 3,115 3,020
Total current liabilities 16,781 15,436
Contract liabilities, noncurrent 4,680  
Operating lease liabilities, noncurrent 7,002 7,810
Other noncurrent liabilities 418 410
Total liabilities 28,881 23,656
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.0001 par value; 1,000,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 216,998,876 and 216,760,283 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 21 21
Additional paid-in capital 730,448 728,252
Accumulated deficit (624,280) (605,008)
Total stockholders' equity 106,189 123,265
Total liabilities and stockholders' equity $ 135,070 $ 146,921