v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 176,232 $ 207,637
Accounts receivable, net 11,805 6,271
Inventory 4,678 6,013
Prepaid expenses and other current assets 10,717 8,955
Total current assets 203,432 228,876
Property and equipment, net 44,760 44,456
Operating lease right-of-use assets 1,346 1,544
Other non-current assets 4,550 2,295
Total assets 254,088 277,171
Current liabilities:    
Accounts payable 9,051 8,114
Accrued expenses and other current liabilities 21,484 22,598
Lease liability, short term 250 125
Total current liabilities 30,785 30,837
Lease liability, long term 1,022 1,184
Total liabilities 31,807 32,021
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, 0 shares issued and outstanding - as of both June 30, 2026 and December 31, 2025
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 16,792,317 and 12,788,069 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively and 5,883 shares to be issued as of December 31, 2025 17 13
Additional paid in capital 1,158,073 1,100,141
Accumulated deficit (935,461) (854,715)
Accumulated other comprehensive loss (348) (289)
Total stockholders’ equity 222,281 245,150
Total liabilities and stockholders’ equity $ 254,088 $ 277,171