v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 26,194 $ 12,360
Marketable securities, short-term 86,120 126,980
Accounts receivable 203 69
Contract assets 603 1,006
Other Receivables, Net, Current 1,135 1,904
Prepaid expenses and other current assets 2,340 2,913
Total current assets 116,595 145,232
NON-CURRENT ASSETS    
Marketable securities, long-term 1,504 3,505
Property and equipment, net 5,499 6,760
Operating lease, right of use assets 17,035 17,670
Other assets 2,141 2,200
TOTAL ASSETS 142,774 175,367
CURRENT LIABILITIES    
Accounts payable 3,080 5,783
Accrued expenses and other current liabilities 13,145 16,535
Operating lease liabilities, current 1,377 1,201
Deferred revenue 372 1,895
Total current liabilities 17,974 25,414
LONG-TERM LIABILITIES    
Deferred revenue, net of current portion 1,420 1,752
Operating lease liabilities, non-current 25,278 26,026
Total liabilities 44,672 53,192
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.0001 per share, 300,000,000 shares authorized as of June 30, 2026, and December 31, 2025; 105,995,653 and 95,143,690 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively 11 9
Additional paid-in-capital 744,044 718,578
Accumulated other comprehensive (loss) income (71) 103
Accumulated deficit (645,882) (596,515)
Total stockholders’ equity 98,102 122,175
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 142,774 $ 175,367