v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 13,352 $ 19,949
Short-term investments 195,447 208,179
Accounts receivable, net 18,519 23,383
Inventories 37,117 31,559
Prepaid and other current assets 2,961 4,389
Receivable from collaboration partner 60,000 0
Total current assets 327,396 287,459
Property and equipment, net 14,039 13,056
Operating leases right-of-use assets 9,491 9,959
Restricted cash 750 750
Other assets 1,024 590
Total assets 352,700 311,814
Current liabilities:    
Accounts payable 6,345 5,296
Accrued expenses and other current liabilities 15,553 16,533
Lease liabilities 1,664 1,162
Deferred revenue, current 6,882 3,262
Refund liability 50,000 0
Total current liabilities 80,444 26,253
Long-term lease liabilities 8,916 9,878
Total liabilities 89,360 36,131
Commitments and contingencies (Note 8)
Stockholders' deficit:    
Common stock, $0.001 par value, 900,000,000 shares authorized, 41,585,381 shares issued and outstanding as of June 30, 2026 and 41,242,005 shares issued and outstanding as of December 31, 2025 41 41
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital 952,378 936,628
Accumulated other comprehensive (loss) income (59) 53
Accumulated deficit (689,020) (661,039)
Total stockholders' equity 263,340 275,683
Total liabilities and stockholders' equity $ 352,700 $ 311,814