v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 26,075 $ 47,285
Short-term investments 126,778 138,612
Other receivables 1,240 1,370
Inventory 7,663 7,795
Prepaid expenses and other current assets 2,150 1,890
Total current assets 166,098 201,534
Long-term investments 56,631 54,686
Operating lease right-of-use assets 19,281 20,488
Property and equipment, net 12,177 14,754
Restricted cash 524 524
Other assets 1,927 4,097
Total assets 256,638 296,083
Current liabilities:    
Accounts payable 3,161 5,611
Accrued expenses 4,998 7,135
Deferred revenue 372 341
Operating lease liabilities, current 2,714 2,575
Other current liabilities 22 29
Total current liabilities 11,267 15,691
Operating lease liabilities, net of current portion 19,676 21,077
Other noncurrent liabilities 15 8
Total liabilities 30,958 36,776
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of June 30, 2026 and December 31, 2025; zero shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 725,723 724,819
Accumulated other comprehensive gain (loss) (336) 459
Accumulated deficit (499,708) (465,972)
Total stockholders’ equity 225,680 259,307
Total liabilities and stockholders’ equity 256,638 296,083
Class A common stock    
Stockholders’ equity:    
Common stock 1 1
Class B common stock    
Stockholders’ equity:    
Common stock 0 0
Nonrelated Party    
Current assets:    
Accounts receivable, net 2,136 4,282
Related Party    
Current assets:    
Accounts receivable, net $ 56 $ 300