v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (15,332) $ 12,827
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Stock-based compensation expense 3,505 5,159
Depreciation and amortization expense 1,451 2,135
Impairment of long-lived assets 5,807 0
Non-cash operating lease cost 4,203 4,109
Loss on disposal of fixed assets 139 0
Changes in operating assets and liabilities:    
Accounts receivable due from SPN - related party (24,640) 1,186
Accounts receivable (117) 0
Prepaid expenses and other current and other non-current assets 1,613 3,389
Accounts payable (496) (1,887)
Accrued liabilities due to SPN - related party 0 (4,297)
Operating lease liabilities (14,784) (4,206)
Accrued expenses and other current and long-term liabilities (103) (4,794)
Net cash (used in) provided by operating activities (38,754) 13,621
Cash flows from investing activities:    
Purchases of property and equipment 0 (215)
Sales of property and equipment 14 0
Net cash provided by (used in) investing activities 14 (215)
Cash flows from financing activities:    
Proceeds from at the market equity offering, net of issuance costs 2,115 996
Issuance of common stock under ESPP 28 184
Net cash provided by financing activities 2,143 1,180
Net (decrease) increase in cash, cash equivalents, and restricted cash (36,597) 14,586
Cash, cash equivalents and restricted cash at beginning of period 54,434 39,461
Cash, cash equivalents and restricted cash at end of period 17,837 54,047
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable and accrued expenses 0 8
Reduction in ROU asset and lease liability due to lease modification $ 11,538 $ 0