v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (24,153) $ (52,195)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,295 6,024
Depreciation and amortization expense 2,332 3,441
Non-cash lease income (1,100) (710)
Net amortization and accretion on marketable securities (886) (1,725)
Change in fair value of success payment liabilities (353) (125)
Gain on securities purchase agreement put/call (17,561) 0
Loss on property and equipment disposals, net 0 1,291
Change in fair value of contingent consideration payable 0 (1,211)
Loss on marketable equity security 0 26
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets 90 2,000
Accounts payable 2,383 (1,654)
Accrued liabilities and other current liabilities (3,567) (9,788)
Other non-current liabilities 10 (112)
Net cash used in operating activities (38,510) (54,738)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (89) (246)
Purchases of marketable securities (37,183) (84,411)
Maturities of marketable securities 54,650 154,123
Net cash provided by investing activities 17,378 69,466
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 26 0
Taxes paid related to net share settlement of equity awards 0  
Taxes paid related to net share settlement of equity awards   1
Net cash provided by financing activities 51,722 1
Net increase in cash, cash equivalents and restricted cash 30,590 14,729
Cash, cash equivalents and restricted cash at beginning of period 61,766 107,287
Cash, cash equivalents and restricted cash at end of period 92,356 122,016
Represented by:    
Cash and cash equivalents 90,770 120,328
Restricted cash 1,586 1,688
Total 92,356 122,016
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for amounts included in the measurement of lease liabilities 3,186 3,095
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities 192 155
Securities Purchase Agreement    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from equity issuance/offering 50,000 0
At The Market Offering    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from equity issuance/offering $ 1,696 $ 0