v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 270,026 $ 120,863
Short-term investments 206,693 66,712
Accounts receivable, net 15,747 13,431
Inventory 17,103 19,981
Prepaid expenses and other current assets 7,298 4,871
Current assets held for sale 0 228,406
Total current assets 516,867 454,264
Property and equipment, net 15,300 19,275
Operating lease right-of-use asset, net 24,246 26,732
Other non-current assets 3,261 3,154
Long-term investments 67,280 25,701
Deferred tax asset, non-current 264 38,628
Total assets 627,218 567,754
Current liabilities:    
Accounts payable 9,554 5,407
Accrued liabilities 29,608 29,783
Operating lease liabilities, current 5,621 5,490
Deferred revenue, current 9,144 38,949
Deferred grant income, current 2,875 3,046
Current liabilities held for sale 0 25,633
Total current liabilities 56,802 108,308
Convertible notes, non-current 299 299
Deferred tax liability 823 810
Operating lease liabilities, non-current 22,167 25,038
Deferred revenue, non-current 3,146 3,503
Deferred grant income, non-current 2,896 4,290
Other non-current liabilities 1,114 1,215
Total liabilities 87,247 143,463
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock: $0.001 par value, 10,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock: $0.001 par value, 600,000 shares authorized at June 30, 2026 and December 31, 2025; 410,701 and 404,961 shares issued at June 30, 2026 and December 31, 2025, respectively; 392,121 and 386,381 shares outstanding at June 30, 2026 and December 31, 2025, respectively 410 404
Additional paid-in capital 1,745,082 1,732,393
Accumulated other comprehensive income (loss) 1,183 (1,492)
Accumulated deficit (1,160,237) (1,260,547)
Treasury stock at cost: 18,580 shares at June 30, 2026 and December 31, 2025 (46,467) (46,467)
Total stockholders' equity 539,971 424,291
Total liabilities and stockholders' equity $ 627,218 $ 567,754