v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 82,031 $ 41,687
Short-term marketable securities 228,544 139,671
Prepaid expenses and other current assets 10,887 9,298
Total current assets 321,462 190,656
Property and equipment, net 4,876 7,209
Right-of-use assets 17,040 18,804
Goodwill 14,100 14,327
Intangible asset 86 262
Long-term marketable securities 122,494 35,198
Other non-current assets 3,792 3,332
Total assets 483,850 269,788
Current liabilities:    
Accounts payable 7,668 7,872
Accrued expenses and other current liabilities 15,162 13,392
Lease liabilities, current 5,465 5,211
Total current liabilities 28,295 26,475
Contingent consideration and warrant liability 14,974 6,133
Lease liabilities, non-current 19,360 21,900
Total liabilities 62,629 54,508
Commitments and contingencies (see Note 13)
Stockholders deficit:    
Common stock, $0.0001 par value: 500,000,000 and 365,081,240 shares authorized as of June 30, 2026 and December 31, 2025 respectively; 48,031,320 shares and 2,472,757 shares issued as of June 30, 2026 and December 31, 2025, respectively; 47,891,251 shares and 2,306,207 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 5 0
Preferred stock, $0.0001 par value: 50,000,000 shares and no shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,080,910 79,616
Accumulated deficit (659,189) (568,139)
Accumulated other comprehensive income (loss) (505) 245
Total stockholders' equity (deficit) 421,221 (488,278)
Total liabilities, convertible preferred stock, and stockholders' equity (deficit) 483,850 269,788
Series A convertible preferred stock    
Current liabilities:    
Convertible preferred stock 0 216,503
Series B convertible preferred stock    
Current liabilities:    
Convertible preferred stock 0 167,765
Series C convertible preferred stock    
Current liabilities:    
Convertible preferred stock 0 123,259
Series D convertible preferred stock    
Current liabilities:    
Convertible preferred stock $ 0 $ 196,031