v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 36,487 $ 34,466
Marketable securities 69,030 195,604
Accounts receivable 106,754 26,379
Prepaid expenses 11,904 11,927
Restricted cash 225  
Other current assets 11,757 12,905
Total current assets 236,157 281,281
Marketable securities   10,785
Accounts receivable 435 2,312
Property and equipment, net 98,452 104,855
Operating lease right-of-use assets 43,867 47,156
Restricted cash 1,805 2,030
Other assets 5,902 4,613
Total assets 386,618 453,032
Current liabilities    
Accounts payable 15,546 21,358
Accrued expenses and other current liabilities 23,073 38,390
Deferred revenue 9,882 10,452
Operating lease liabilities 7,355 8,286
Royalty monetization liabilities 26,765 39,609
Total current liabilities 82,621 118,095
Deferred revenue 15,404 18,943
Operating lease liabilities 61,596 65,215
Royalty monetization liabilities 154,746 147,408
Other liabilities 486 638
Total liabilities 314,853 350,299
Stockholders’ equity    
Preferred stock; $0.0001 par value; 10,000 shares authorized, no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock; $0.0001 par value; 100,000 shares authorized at June 30, 2026 and December 31, 2025; 54,164 and 50,892 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 1,266,004 1,229,442
Accumulated other comprehensive loss (875) (687)
Accumulated deficit (1,193,369) (1,126,027)
Total stockholders’ equity 71,765 102,733
Total liabilities and stockholders’ equity $ 386,618 $ 453,032