v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 191,483 $ 230,909
Accounts receivable 1,813 5,564
Prepaid expenses and other current assets 3,865 4,973
Total current assets 197,161 241,446
Property and equipment, net 5,363 6,736
Operating lease right-of-use assets, net 19,758 21,081
Non-current restricted cash 2,028 1,885
Total assets 224,310 271,148
Current liabilities:    
Accounts payable 4,414 4,235
Accrued liabilities 22,846 23,898
Deferred revenue 6,276 8,246
Total current liabilities 33,536 36,379
Operating lease liability, net of current portion 18,966 20,784
Total liabilities 52,502 57,163
Stockholders’ equity    
Common stock, $0.001 par value; 60,000 shares authorized; issued and outstanding shares were 28,423 at June 30, 2026 and 28,414 at December 31, 2025 28 28
Additional paid-in capital 737,119 728,547
Accumulated deficit (565,339) (514,590)
Total stockholders’ equity 171,808 213,985
Total liabilities and stockholders’ equity $ 224,310 $ 271,148