v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue [1] $ 22,357 $ 17,203 $ 37,829 $ 37,808
Costs and expenses        
Cost of revenue 17,614 12,447 32,805 25,845
Research and development 16,336 12,381 30,875 25,021
Selling, general and administrative [2] 21,998 14,179 39,901 26,442
Total costs and expenses 55,948 39,007 103,581 77,308
Loss from operations (33,591) (21,804) (65,752) (39,500)
Interest income 1,966 1,878 4,138 3,905
Interest expense (37) (48) (84) (76)
Other income (expense), net (16) (80) 4 (126)
Loss before income taxes (31,678) (20,054) (61,694) (35,797)
Provision for income taxes 5 2 21 9
Net loss $ (31,683) $ (20,056) $ (61,715) $ (35,806)
Net loss per share, basic $ (0.3) $ (0.23) $ (0.59) $ (0.41)
Net loss per share, diluted $ (0.3) $ (0.23) $ (0.59) $ (0.41)
Weighted-average shares outstanding, basic 105,424,708 88,517,498 104,808,285 87,990,691
Weighted-average shares outstanding, diluted 105,424,708 88,517,498 104,808,285 87,990,691
[1] Includes related party revenue of $8.4 million and $1.9 million for the three months ended June 30, 2026 and 2025, respectively, and $11.5 million and $2.4 million for the six months ended June 30, 2026 and 2025, respectively.
[2] Includes related party sales and marketing expenses of $3.8 million and $0.9 million for the three months ended June 30, 2026 and 2025, respectively, and $6.7 million and $1.5 million for the six months ended June 30, 2026 and 2025, respectively.