v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 124,659 $ 150,489
Accounts receivable, net of allowance for credit losses of $1,785 and $1,389 at June 30, 2026 and December 31, 2025, respectively 34,554 26,744
Inventories 58,559 61,389
Current portion of vendor advances 2,157 2,063
Prepaid expenses and other current assets 18,018 8,418
Total current assets 237,947 249,103
Property and equipment, net 15,850 16,587
Intangible assets, net 6,816 7,516
Non-current portion of vendor advances 4,868 5,008
Operating lease assets 11,805 12,652
Other non-current assets 5,709 5,667
Total assets 282,995 296,533
Current liabilities:    
Accounts payable 3,518 5,442
Deferred revenue, current 15,472 26,909
Accrued purchase commitments, current 131 131
Warrant liabilities, current 0 413
Accrued expenses and other current liabilities 39,482 32,222
Total current liabilities 58,603 65,117
Deferred revenue, non-current 10,185 9,391
Operating lease liabilities 16,293 17,721
Other non-current liabilities 8,514 8,325
Total liabilities 93,595 100,554
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Additional paid-in capital 1,094,154 1,075,147
Accumulated deficit (904,781) (879,194)
Total stockholders’ equity 189,400 195,979
Total liabilities and stockholders’ equity 282,995 296,533
Class A Common Stock    
Stockholders’ equity:    
Common stock 24 23
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 3 $ 3