v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 36,245 $ 38,918
Short-term investments in treasury securities 101,347 119,612
Prepaid expenses and other current assets 2,479 2,396
Total current assets 140,071 160,926
Finance lease right-of-use asset 942 1,022
Restricted cash 2,869 2,872
Property and equipment, net 15,183 16,532
Operating lease right-of-use asset 10,239 10,927
Other non-current assets 78 76
Total assets 169,382 192,355
Current liabilities:    
Accounts payable 2,929 4,739
Accrued and other current liabilities 12,490 13,606
Operating lease liability 2,748 2,837
Finance lease liability 131 349
Total current liabilities 18,298 21,531
Lease liability, net of current maturities 10,161 10,910
Lease liability, net of current portion 858 642
Other non-current liabilities 0 62
Total liabilities 29,317 33,145
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; none issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 0 0
Common stock, $0.0001 par value, 300,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 9,597,693 and 9,586,770 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 1 10
Additional paid-in capital 775,042 773,795
Accumulated deficit (634,941) (614,697)
Accumulated other comprehensive (loss) income (37) 102
Total stockholders’ equity 140,065 159,210
Total liabilities and stockholders’ equity $ 169,382 $ 192,355