v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
As of June 30, 2026 and December 31, 2025, the Company’s debt is comprised of the SIF Loan (as defined below) and the FedDev Loan (as defined below) as follows:
June 30,
2026
December 31,
2025
SIF Loan$30,168 $27,536 
FedDev Loan2,371 2,462 
Total debt
32,539 29,998 
Less: current portion132 — 
Total long-term debt32,407 29,998 
The following table summarizes the changes in the carrying value of the SIF Loan for the six months ended June 30, 2026:
Balance as of December 31, 2025$27,536 
Contributions received, net of changes due to foreign exchange rates2,073 
Interest expense, net of changes in foreign exchange rates559 
Balance as of June 30, 2026$30,168 
The following table summarizes the changes in the carrying value of the FedDev Loan for the six months ended June 30, 2026:
Balance as of December 31, 2025$2,462 
Changes due to foreign exchange rates(91)
Balance as of June 30, 2026$2,371 
Schedule of Interest Expense
The following table summarizes interest expense for the three and six months ended June 30, 2026 and 2025 related to the SIF Loan, inclusive of foreign exchange, within interest income (expense), net in the consolidated statements of operations and comprehensive loss:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Interest Expense$322 $256 $634 $454