v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 79,127 $ 215,456
Accounts receivable, net 112,732 46,745
Prepaid expenses and other current assets 7,342 11,977
Total current assets 199,201 274,178
Property and equipment, net 2,913 3,408
Operating lease right-of-use assets 8,443 9,340
Intangible assets, net 1,633 2,040
Deferred tax assets 69,064 103,433
Other assets 3,874 4,502
Total assets 285,128 396,901
Current liabilities:    
Accounts payable 911 2,898
Accrued research and development costs 3,124 3,149
Accrued expenses and other current liabilities 25,534 33,239
Current portion of operating lease liabilities 3,285 3,252
Current portion of convertible senior notes   199,680
Total current liabilities 32,854 242,218
Operating lease obligations, net of current portion 8,581 9,870
Revolving credit facility 385,000 385,000
Other liabilities 20,536 21,648
Total liabilities 446,971 658,736
Commitments and contingencies
Stockholders' deficit:    
Class A Common Stock, $0.001 par value, 500,000,000 shares authorized; 165,239,947 shares issued and outstanding as of June 30, 2026 and 163,058,316 shares issued and outstanding as of December 31, 2025 165 163
Additional paid-in capital 1,419,970 1,412,780
Accumulated deficit (1,581,654) (1,673,718)
Accumulated other comprehensive loss (324) (1,060)
Total stockholders' deficit (161,843) (261,835)
Total liabilities and stockholders' deficit $ 285,128 $ 396,901