v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 455,407 $ 319,767
Restricted cash 0 449
Prepaid expenses and other current assets 6,027 4,431
Total current assets 461,434 324,647
Restricted cash 164 2,315
Property, plant and equipment, net 2,412 6,736
Operating lease right-of-use assets 6,317 9,439
Other non-current assets 106 183
Total assets 470,433 343,320
Current liabilities    
Accounts payable 9,164 6,275
Accrued expenses and other current liabilities 16,811 20,277
Total current liabilities 25,975 26,552
Term loan, net 49,260 50,106
Operating lease liability, net of current portion 6,291 18,172
Other non-current liabilities 1,641 1,552
Total liabilities 83,167 96,382
Commitments and contingencies - Note 13
Stockholders' equity    
Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2026 and December 31, 2025
Common stock, $0.00001 par value per share; 700,000,000 shares authorized and 325,302,280 and 285,051,648 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 1,186,843 958,427
Accumulated other comprehensive income (loss) 769 (192)
Accumulated deficit (800,349) (711,300)
Total stockholders' equity 387,266 246,938
Total liabilities and stockholders' equity $ 470,433 $ 343,320