v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 655,267 $ 257,837
Short-term investments 428,612 153,756
Prepaid and other current assets 8,222 7,727
Total current assets 1,092,101 419,320
Goodwill 19,918 19,918
Other non-current assets 880 862
Total assets 1,112,899 440,100
Current liabilities:    
Accounts payable 6,965 5,347
Accrued expenses 37,222 20,446
2022 USD Financing Warrants 113,017 40,905
Total current liabilities 157,204 66,698
Credit facility, long-term 36,467 40,579
Other non-current liabilities 549 496
Total liabilities 194,220 107,773
Commitments and contingencies (Note 10)
Shareholders' Equity:    
Common shares, no par value, unlimited authorized as of June 30, 2026 and December 31, 2025; 134,365,950 and 98,776,265 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital 1,737,018 913,914
Accumulated other comprehensive income 417 1,085
Accumulated deficit (818,756) (582,672)
Total shareholders' equity 918,679 332,327
Total liabilities and shareholders' equity $ 1,112,899 $ 440,100