v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 17,224 $ 12,667 [1]
Short-term investments 313,056 124,385 [1]
Restricted cash 917 0 [1]
Accounts receivable 37,494 2,013 [1]
Prepaid expenses and other current assets 4,464 4,856 [1]
Total current assets 373,155 143,921 [1]
Property and equipment, net 1,079 1,304 [1]
Intangible assets, net 365 438 [1]
Goodwill 949 949 [1]
Restricted cash 610 1,527 [1]
Operating lease right-of-use asset 5,037 3,396 [1]
Other assets 31 31 [1]
Total assets 381,226 151,566 [1]
Current liabilities:    
Accounts payable 1,939 1,301 [1]
Accrued liabilities 12,353 14,197 [1]
Operating lease liabilities - short term 1,496 4,240 [1]
Deferred revenue, current portion 24,073 26,877 [1]
Total current liabilities 39,861 46,615 [1]
Deferred revenue, net of current portion 30,617 1,590 [1]
Operating lease liabilities - long term 4,208 0
Other long-term liabilities 4,472 4,353 [1]
Total liabilities 79,158 52,558 [1]
Commitments and contingencies
Stockholders' equity:    
Convertible preferred stock 0 0 [1]
Common stock 2 2 [1]
Additional paid-in capital 1,053,125 810,844 [1]
Accumulated other comprehensive income (196) 111 [1]
Accumulated deficit (750,863) (711,949) [1]
Total stockholders' equity 302,068 99,008 [1]
Total liabilities and stockholders' equity $ 381,226 $ 151,566 [1]
[1] The condensed balance sheet as of December 31, 2025 was derived from the audited financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.