v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 78,085 $ 100,547
Accounts receivable 371  
Prepaid expenses and other current assets 7,552 5,039
Total current assets 86,008 105,586
Property and equipment, net 2,494 27,672
Operating lease right-of-use assets 2,966 9,417
Other noncurrent assets 2,072 4,246
Total assets 93,540 146,921
Current liabilities:    
Accounts payable 2,902 3,581
Accrued and other current liabilities 7,514 8,835
Contract liabilities, current 5,726  
Operating lease liabilities, current 2,879 3,020
Total current liabilities 19,021 15,436
Contract liabilities, noncurrent 3,937  
Operating lease liabilities, noncurrent 1,070 7,810
Other noncurrent liabilities 103 410
Total liabilities 24,131 23,656
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025
Common stock, $0.0001 par value; 1,000,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 224,230,012 and 216,760,283 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 22 21
Additional paid-in capital 737,060 728,252
Accumulated deficit (667,673) (605,008)
Total stockholders' equity 69,409 123,265
Total liabilities and stockholders' equity $ 93,540 $ 146,921