v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet that total to the amounts shown in the statement of cash flows:

(in thousands)

 

March 31,
2026

 

 

December 31,
2025

 

Cash and cash equivalents

 

$

21,756

 

 

$

35,256

 

Restricted cash

 

 

3,235

 

 

 

3,235

 

Total cash, cash equivalents, and restricted cash shown in statement of cash flows

 

$

24,991

 

 

$

38,491

 

Summary of Changes in Deferred Revenue The following table summarizes the changes in deferred revenue:

 

 

 

Three Months Ended March 31,

 

(in thousands)

 

2026

 

Beginning balance

 

$

35,532

 

Deferral of revenue

 

 

-

 

Recognition of unearned revenue

 

 

(4,580

)

Ending balance

 

$

30,952

 

Schedule of Potentially Dilutive Securities Excluded from Computation of Diluted Weighted-average Shares of Common Stock Outstanding

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding, as they would be anti-dilutive:

 

 

 

March 31,

 

 

 

2026

 

 

2025

 

Unvested restricted stock units

 

 

439,080

 

 

 

384,875

 

Stock options

 

 

17,687,713

 

 

 

16,639,068

 

Employee stock purchase plan

 

 

34,144

 

 

 

249,570

 

 

 

18,160,937

 

 

 

17,273,513