v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 598,641 $ 737,060
Accounts receivable, net 30,261 30,650
Inventory 3,826 3,564
Prepaid expenses and other current assets 11,699 10,855
Total current assets 644,427 782,129
Property and equipment, net 19,456 19,676
Restricted cash 1,614 1,614
Operating lease assets 5,820 4,638
Total assets 671,317 808,057
Current liabilities:    
Accounts payable 6,996 4,154
Accrued expenses and other current liabilities 39,056 43,835
Operating lease liabilities 3,122 2,817
Total current liabilities 49,174 50,806
Other liabilities:    
Operating lease liabilities, net of current portion 3,466 2,815
Derivative liability 10,910 13,903
Deferred revenue 14,000 14,000
Notes payable, net 72,795 71,336
Other non-current liabilities 931 887
Total liabilities 151,276 153,747
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized and no shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value; 400,000,000 and 400,000,000 shares authorized and 219,589,303 and 215,927,600 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 22 22
Additional paid-in capital 1,844,417 1,811,311
Accumulated deficit (1,324,398) (1,157,023)
Total stockholders' equity 520,041 654,310
Total liabilities and stockholders' equity $ 671,317 $ 808,057