Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 10. RELATED PARTY TRANSACTIONS PrognomiQ constitutes a related party and, as of June 30, 2026 and December 31, 2025, the Company recorded $56,000 and $0.3 million in related party receivables, respectively, on the condensed consolidated balance sheets. For the three and six months ended June 30, 2026, the Company recognized no revenue and $56,000, respectively, primarily from services. For the three and six months ended June 30, 2025, the Company recognized revenue of $0.4 million and $0.5 million, respectively, primarily from services. This is presented as related party revenue on the unaudited condensed consolidated statements of operations and comprehensive loss. On August 12, 2024, the Company entered into a preferred stock purchase agreement with PrognomiQ, pursuant to which the Company purchased $10.0 million of PrognomiQ's Series D Preferred Stock. The Company made additional investments in the same series, including $1.9 million in July 2025 and $1.5 million in January 2026. The investment is accounted for as an equity security in accordance with ASC 321. As of June 30, 2026, the carrying value of the investment was $1.0 million and is included in other assets on the unaudited condensed consolidated balance sheets. The carrying value is adjusted by the Company's share in loss in the equity method investment. There were no impairment and recognized gains or losses to the carrying value for the three and six months ended June 30, 2026. As of June 30, 2026, the carrying amount of the SAFE investment was $0.3 million and was included in other assets in the accompanying condensed consolidated balance sheets. Under the SAFE agreement, the Company may be required to make additional investments of up to $1.5 million upon the occurrence of specified contractual events, including funding shortfalls and milestone achievements, prior to the termination of the SAFE. As of June 30, 2026, none of the contractual conditions giving rise to these additional funding obligations had been satisfied. Accordingly, the Company had not recognized a liability related to these commitments as of the reporting date. In July 2026, the Company received a Shortfall and Milestone Notice pursuant to the SAFE agreement and made an additional investment of $0.4 million. |