v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 366,774 $ 140,275
Accounts receivable, net 17,528 7,286
Inventories, net 29,365 16,937
Prepaid expenses and other current assets 2,958 3,421
Total current assets 416,625 167,919
Property, equipment and software, net of accumulated depreciation and amortization of $15,480 and $14,632, respectively 4,328 4,137
Right-of-use assets, net 3,244 638
Intangible assets, net of accumulated amortization of $13,469 and $10,752, respectively 10,224 11,593
Other assets 1,201 393
Total assets 435,622 184,680
Current liabilities:    
Accounts payable 10,615 8,577
Accrued and other current liabilities 14,469 10,201
Short-term lease liabilities 1,034 400
Total current liabilities 26,118 19,178
Long-term lease liabilities 3,549 278
Other long-term liabilities 1,283 2,765
Total liabilities 30,950 22,221
Commitments and contingencies (Note 5)
Stockholders' equity (deficit):    
Common stock, $0.000001 par value; 500,000,000 shares authorized; 24,146,260 shares and 18,316,928 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in-capital 778,920 519,610
Accumulated deficit (373,997) (356,711)
Accumulated other comprehensive loss (251) (440)
Total stockholders' equity 404,672 162,459
Total liabilities and stockholders' equity $ 435,622 $ 184,680