v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 33,131 $ 38,918
Short-term investments in treasury securities 85,059 119,612
Prepaid expenses and other current assets 2,573 2,396
Total current assets 120,763 160,926
Finance lease right-of-use asset 888 1,022
Restricted cash 2,869 2,872
Property and equipment, net 14,028 16,532
Operating lease right-of-use asset 9,538 10,927
Other non-current assets 80 76
Total assets 148,166 192,355
Current liabilities:    
Accounts payable 3,592 4,739
Accrued and other current liabilities 11,582 13,606
Operating lease liability 2,655 2,837
Finance lease liability 172 349
Total current liabilities 18,001 21,531
Operating lease liability, net of current portion 9,401 10,910
Finance lease liability, net of current portion 626 642
Other non-current liabilities 0 62
Total liabilities 28,028 33,145
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; none issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Common stock, $0.0001 par value, 300,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 9,361,371 and 9,586,770 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1 10
Additional paid-in capital 776,541 773,795
Accumulated deficit (656,299) (614,697)
Accumulated other comprehensive (loss) income (105) 102
Total stockholders’ equity 120,138 159,210
Total liabilities and stockholders’ equity $ 148,166 $ 192,355