v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 296,642 $ 635,347
Marketable investment securities 249,573 249,134
Trade accounts receivable, net of allowance for credit losses of $1 and $176 2,019 1,587
Inventories 3,488 2,776
Prepaid expenses and other current assets 8,872 7,388
Total current assets 560,594 896,232
Property and equipment, net 22,076 7,841
Operating lease right-of-use assets 12,042 6,518
Intangible assets, net 211,816 915
Goodwill 342,588 0
Other non-current assets, net 9,314 4,307
Total assets 1,158,430 915,813
Current liabilities:    
Trade accounts payable 4,521 950
Accrued expenses and other current liabilities 12,135 15,838
Current portion of operating lease liabilities 1,250 1,448
Loans payable, net, current 146 134
Deferred revenue, current 9,234 2,778
Total current liabilities 27,286 21,148
Operating lease liabilities, net of current portion 11,826 6,050
Loans payable, net, non-current 34,886 35,825
Deferred revenue, non-current 1,322 560
Total liabilities 75,320 63,583
Commitments and contingencies (Note 12)
Stockholders' equity:    
Common stock, par value $0.0001 per share; 675,000,000 shares authorized at both June 30, 2026 and December 31, 2025; 372,011,420 shares and 358,741,605 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 37 35
Additional paid-in capital 2,140,499 1,843,218
Accumulated deficit (1,048,387) (982,002)
Accumulated other comprehensive loss (9,039) (9,021)
Total stockholders' equity 1,083,110 852,230
Total liabilities and stockholders’ equity $ 1,158,430 $ 915,813