v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flow from operating activities    
Net loss $ (43,212) $ (129,323)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,295 5,643
Depreciation 899 3,751
Loss on disposal of fixed assets 111 2,193
Net accretion of discounts on marketable securities (142) (840)
Interest related to sale of future revenues 2,133 4,236
Impairment of held for sale assets 0 3,724
Other non-cash items (17) (390)
Changes in operating assets and liabilities:    
Accounts receivable 12,451 15,678
Prepaid expenses and other current assets (1,623) (418)
Right-of-use assets 2,242 8,694
Other non-current assets 0 1,025
Accounts payable 1,669 1,231
Accrued expenses (15,397) 2,271
Accrued interest on sale of future revenues (5,000) (2,128)
Deferred revenue (8,194) (6,221)
Operating lease liabilities (2,442) (9,048)
Other non-current liabilities (402) 1,911
Net cash used in operating activities (52,629) (98,011)
Cash flow from investing activities    
Purchases of property and equipment (198) (114)
Proceeds from the sale of equipment 156 151
Purchases of marketable securities (29,694) 0
Proceeds from maturities of marketable securities 0 99,000
Net cash provided by (used in) investing activities (29,736) 99,037
Cash flow from financing activities    
Proceeds from offering of common stock, net of issuance costs 117,499 8,619
Repayment on sale of future revenues 0 (2,872)
Proceeds from exercise of stock options 36 0
Proceeds from issuance of common stock under employee stock purchase plan 0 228
Net cash provided by financing activities 117,535 5,975
Net increase (decrease) in cash, cash equivalents, and restricted cash 35,170 7,001
Cash, cash equivalents, and restricted cash, beginning of period 149,315 135,418
Cash, cash equivalents, and restricted cash, end of period 184,485 142,419
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]    
Cash and cash equivalents, end of period 181,815 138,542
Restricted cash 2,670 3,877
Cash, cash equivalents, and restricted cash, end of period 184,485 142,419
Supplemental disclosure of cash and non-cash activities:    
Offering expenses included in accounts payable and accrued expenses 619 0
Cash paid for interest 5,000 2,128
Cash paid in connection with operating lease liabilities 4,011 11,048
Remeasurement of operating lease liabilities and right-of-use assets due to lease modification 793 766
Non-cash termination of right-of-use asset $ 0 $ 4,849