v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 276,576 $ 319,767
Restricted cash 449 449
Prepaid expenses and other current assets 5,225 4,431
Total current assets 282,250 324,647
Restricted cash 2,315 2,315
Property, plant and equipment, net 6,450 6,736
Operating lease right-of-use assets 9,155 9,439
Other non-current assets 181 183
Total assets 300,351 343,320
Current liabilities    
Accounts payable 4,564 6,275
Accrued expenses and other current liabilities 15,534 20,277
Total current liabilities 20,098 26,552
Term loan, net 48,961 50,106
Operating lease liability, net of current portion 17,766 18,172
Other non-current liabilities 1,582 1,552
Total liabilities 88,407 96,382
Commitments and contingencies - Note 13
Stockholders' equity    
Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.00001 par value per share; 700,000,000 shares authorized and 287,276,885 and 285,051,648 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 964,666 958,427
Accumulated other comprehensive income (loss) 985 (192)
Accumulated deficit (753,710) (711,300)
Total stockholders' equity 211,944 246,938
Total liabilities and stockholders' equity $ 300,351 $ 343,320