v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (123,801) $ (111,774)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 8,221 9,197
Stock-based compensation 23,763 31,532
Loss on disposal of long-lived assets 0 8
Non-cash lease impairment expense 0 1,910
Amortization of operating lease right-of-use asset 4,307 4,069
Changes in assets and liabilities:    
Prepaid expenses and other current assets (635) 108
Other assets 7 68
Accounts payable 249 1,129
Accrued and other current liabilities 8,066 3,636
Operating lease liability (6,424) (5,133)
Long-term deposit 0 1,500
Net cash used in operating activities (86,247) (63,750)
Cash flows from investing activities    
Purchase of property and equipment (1,294) (403)
Net cash used in investing activities (1,294) (403)
Cash flows from financing activities    
Payment of public offering costs (303) 0
Proceeds from stock option exercises 3,779 162
Proceeds from issuance of common stock pursuant to ESPP 106 82
Net cash [provided by] financing activities 3,582 244
Net decrease in cash, cash equivalents and restricted cash (83,959) (63,909)
Cash, cash equivalents and restricted cash, at beginning of period 216,046 174,258
Cash, cash equivalents and restricted cash, at end of period 132,087 110,349
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets    
Cash and cash equivalents 125,903 104,165
Restricted cash 6,184 6,184
Total cash, cash equivalents and restricted cash in consolidated balance sheets 132,087 110,349
Supplemental disclosures of non-cash investing and financing information:    
Purchase of property and equipment under accounts payable and accruals $ 855 $ 13