v3.26.1
Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Treasury Stock
Common Stock
Common Stock
Common Stock
Preferred Stock
Preferred Stock
Preferred Stock
Additional Paid-In Capital
Additional Paid-In Capital
Preferred Stock
Additional Paid-In Capital
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Other Comprehensive Gain (Loss)
Treasury Stock
Treasury Stock
Treasury Stock
Common stock beginning balance (in shares) at Dec. 31, 2024         363,020,000                      
Beginning balance at Dec. 31, 2024 $ 145,950       $ 363   $ 0   $ 2,117,325       $ (1,967,242) $ 119 $ (4,615)  
Preferred stock beginning balance (in shares) at Dec. 31, 2024             0                  
Stock-based compensation expense 3,043               3,043              
Issuance of common stock under Equity Incentive Plans (in shares)         2,540,000                      
Issuance of common stock under Equity Incentive Plans 0       $ 3       (3)              
Payments for tax withholding on share-based compensation vesting (572)                           (572)  
Net income (loss) (25,295)                       (25,295)      
Unrealized loss on investments (94)                         (94)    
Common stock ending balance (in shares) at Mar. 31, 2025         365,560,000                      
Ending balance at Mar. 31, 2025 123,032       $ 366   $ 0   2,120,365       (1,992,537) 25 (5,187)  
Preferred stock ending balance (in shares) at Mar. 31, 2025             0                  
Common stock beginning balance (in shares) at Dec. 31, 2024         363,020,000                      
Beginning balance at Dec. 31, 2024 145,950       $ 363   $ 0   2,117,325       (1,967,242) 119 (4,615)  
Preferred stock beginning balance (in shares) at Dec. 31, 2024             0                  
Net income (loss) (22,043)                              
Unrealized loss on investments (133)                              
Common stock ending balance (in shares) at Jun. 30, 2025         365,781,000                      
Ending balance at Jun. 30, 2025 129,440       $ 366   $ 0   2,123,560       (1,989,285) (14) (5,187)  
Preferred stock ending balance (in shares) at Jun. 30, 2025             0                  
Common stock beginning balance (in shares) at Mar. 31, 2025         365,560,000                      
Beginning balance at Mar. 31, 2025 123,032       $ 366   $ 0   2,120,365       (1,992,537) 25 (5,187)  
Preferred stock beginning balance (in shares) at Mar. 31, 2025             0                  
Stock-based compensation expense 3,195               3,195              
Issuance of common stock under Equity Incentive Plans (in shares)         221,000                      
Net income (loss) 3,252                       3,252      
Unrealized loss on investments (39)                         (39)    
Common stock ending balance (in shares) at Jun. 30, 2025         365,781,000                      
Ending balance at Jun. 30, 2025 $ 129,440       $ 366   $ 0   2,123,560       (1,989,285) (14) (5,187)  
Preferred stock ending balance (in shares) at Jun. 30, 2025             0                  
Common stock beginning balance (in shares) at Dec. 31, 2025 365,848,216       365,848,000                      
Beginning balance at Dec. 31, 2025 $ 107,538       $ 366   $ 0   2,129,912       (2,017,583) 30 (5,187)  
Preferred stock beginning balance (in shares) at Dec. 31, 2025 2,304,147           0                  
Stock-based compensation expense $ 3,078               3,078              
Issuance of preferred stock, net of fees (in shares)           56,489,000   408,000                
Issuance of preferred stock, net of fees   $ 26,548 $ 69,673     $ 57   $ 4   $ 26,544 $ 69,616          
Issuance of common stock under Equity Incentive Plans (in shares)           3,371,000                    
Issuance of common stock under Equity Incentive Plans     $ 65 $ 0   $ 3         62 $ (5,187)       $ 5,187
Payments for tax withholding on share-based compensation vesting (2,843)                           (2,843)  
Net income (loss) (1,043)                       (1,043)      
Unrealized loss on investments (160)                         (160)    
Common stock ending balance (in shares) at Mar. 31, 2026         425,708,000                      
Ending balance at Mar. 31, 2026 $ 202,856       $ 426   $ 4   2,224,025       (2,018,626) (130) (2,843)  
Preferred stock ending balance (in shares) at Mar. 31, 2026             408,000                  
Common stock beginning balance (in shares) at Dec. 31, 2025 365,848,216       365,848,000                      
Beginning balance at Dec. 31, 2025 $ 107,538       $ 366   $ 0   2,129,912       (2,017,583) 30 (5,187)  
Preferred stock beginning balance (in shares) at Dec. 31, 2025 2,304,147           0                  
Issuance of common stock under Equity Incentive Plans                               $ 5,200
Net income (loss) $ (32,818)                              
Unrealized loss on investments $ (234)                              
Common stock ending balance (in shares) at Jun. 30, 2026 446,870,629       446,871,000                      
Ending balance at Jun. 30, 2026 $ 174,525       $ 447   $ 0   2,227,526       (2,050,401) (204) (2,843)  
Preferred stock ending balance (in shares) at Jun. 30, 2026 2,712,582           0                  
Common stock beginning balance (in shares) at Mar. 31, 2026         425,708,000                      
Beginning balance at Mar. 31, 2026 $ 202,856       $ 426   $ 4   2,224,025       (2,018,626) (130) (2,843)  
Preferred stock beginning balance (in shares) at Mar. 31, 2026             408,000                  
Stock-based compensation expense 3,336               3,336              
Issuance of preferred stock, net of fees (50)                   $ (50)          
Issuance of common stock under Equity Incentive Plans (in shares)         741,000                      
Issuance of common stock under Equity Incentive Plans 232       $ 1       231              
Net income (loss) (31,775)                       (31,775)      
Unrealized loss on investments $ (74)                         (74)    
Common stock ending balance (in shares) at Jun. 30, 2026 446,870,629       446,871,000                      
Ending balance at Jun. 30, 2026 $ 174,525       $ 447   $ 0   2,227,526       $ (2,050,401) $ (204) $ (2,843)  
Preferred stock ending balance (in shares) at Jun. 30, 2026 2,712,582           0                  
Conversion of preferred stock to common stock         20,422,000   (408,000)                  
Conversion of preferred stock to common stock $ 0       $ 20   $ (4)   $ (16)