v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table presents summary results of the Company’s reportable segment, including significant expenses, and a reconciliation to loss from continuing operations before income taxes (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cell Engineering
Revenue$20,156 $39,134 $39,630 $77,364 
Costs and operating expenses:
   Cost of other revenue (1)
1,472 3,865 4,144 6,986 
   Research and development (1)
30,433 31,065 60,538 79,735 
   General and administrative (1)
11,108 15,986 23,831 35,639 
Stock-based compensation (2)
8,037 18,770 24,745 36,483 
Depreciation and amortization12,315 15,249 25,114 30,071 
Restructuring charges (3)
— 3,566 — 8,032 
Carrying cost of excess space (net of sublease income) (4)
14,233 12,413 30,074 24,088 
Merger and acquisition related expense (income) (5)
1,106 (3,617)1,106 (4,535)
Other (income) expense, net (6)
(1,355)(4,686)3,410 (2,436)
Loss from continuing operations before income taxes$(57,193)$(53,477)$(133,332)$(136,699)

(1) The costs and operating expenses exclude expenses which are separately captioned below.
(2) Includes $0.4 million and $0.2 million in employer payroll taxes for three months ended June 30, 2026 and 2025, respectively, and $1.3 million and $0.5 million for six months ended June 30, 2026 and 2025, respectively.
(3) See Note 3, Restructuring, for composition of costs.
(4) The carrying cost of excess space includes base rent, common area maintenance charges, and real estate taxes associated with facilities the Company is not occupying, net of any sublease income from these spaces.
(5) Represents transaction and integration costs directly related to mergers, acquisitions, and divestitures, including: (i) legal, consulting, and accounting fees associated with acquisitions; (ii) post-acquisition employee retention bonuses; (iii) (gain)/loss from changes in the fair value of contingent consideration liabilities resulting from acquisitions; and (iv) securities litigation costs.
(6) Includes interest income, interest expense, loss on investments, changes in fair value of certain assets and liabilities, and other gains and losses.