v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 136,353 $ 204,990
Accounts receivable, net 28,874 8,813
Inventory 2,396 1,833
Grant receivable 200 200
Prepaid expenses and other current assets 8,332 7,577
Total current assets 176,155 223,413
Right-of-use asset, net 2,625 491
Restricted cash 241 241
Intangible assets, net 15,867 16,426
Other assets 11,623 6,112
Total assets 206,511 246,442
Current liabilities:    
Accounts payable 17,999 12,448
Accrued expenses, short-term 54,196 53,981
Note Payable 214  
Vendor financing arrangement, short-term 5,228 5,304
Lease liability, short-term 493 535
Total current liabilities 78,130 72,268
Non-current liabilities:    
Long-term debt 73,774 76,330
Vendor financing arrangement, long-term 2,500 5,000
Lease liability, long-term 2,121  
Warrant liability   35,647
Total liabilities 156,525 189,245
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000 shares authorized, 0 shares issued and outstanding at June 30, 2026 and at December 31, 2025, respectively
Common stock, $0.0001 par value; 300,000 shares authorized, 90,482 and 77,740 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 9 8
Additional paid-in capital 1,278,196 1,216,958
Accumulated other comprehensive income 8,043 5,229
Accumulated deficit (1,236,262) (1,164,998)
Total stockholders' equity 49,986 57,197
Total liabilities, preferred stock and stockholders' equity $ 206,511 $ 246,442