v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 19,636 $ 32,490
Marketable securities 1,008,642 709,665
Inventory 1,003 1,565
Accounts receivable, net 417 688
Prepaid expenses and other current assets 19,949 15,067
Total current assets 1,049,647 759,475
Property and equipment, net 14,707 15,596
Operating lease right-of-use assets 5,730 3,971
Intangible assets, net 545 575
Goodwill 10,297 10,297
Other assets 4,729 1,678
Total assets 1,085,655 791,592
Current liabilities:    
Accounts payable 12,727 5,714
Operating lease liabilities, current portion 985 915
Accrued expenses and other current liabilities 33,528 24,207
Total current liabilities 47,240 30,836
Long-term debt 3,000 3,000
Operating lease liabilities, net of current portion 4,834 3,106
Deferred tax liability 307 307
Other liabilities 1,156 1,741
Total liabilities 56,537 38,990
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value per share; 700,000,000 and 700,000,000 share authorized as of June 30, 2026 and December 31, 2025, respectively; 88,306,390 and 80,689,128 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 9 8
Additional paid-in capital 1,547,343 1,131,570
Accumulated deficit (518,234) (378,976)
Total stockholders' equity 1,029,118 752,602
Total liabilities and stockholders' equity $ 1,085,655 $ 791,592