v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 54,980 $ 60,540
Investments 10,125 3,204
Accounts receivable, net 29,871 26,178
Inventory 3,994 4,038
Prepaid expenses and other current assets 7,408 9,186
Total current assets 106,378 103,146
Property and equipment, net 94 104
Operating lease right-of-use assets 4,260 4,548
Restricted cash 318 351
Other assets 267 267
Total assets 111,317 108,416
Current liabilities:    
Accounts payable 7,660 4,003
Accrued expenses 78,804 64,498
Senior secured term loan 40,307 21,010
Operating lease liabilities 1,068 969
Other current liabilities 6,394 1,580
Total current liabilities 134,233 92,060
Convertible senior notes due 2029 98,650 89,973
Convertible senior notes due 2028 25,937 21,117
Senior secured term loan, net of current portion 85,047 94,795
Deferred royalty obligation 72,338 72,338
Common stock warrants 19,761 14,221
Operating lease liabilities, net of current portion 5,183 5,743
Other liabilities 336 11,095
Total liabilities 441,485 401,342
Stockholders' deficit    
Preferred stock, $0.0001 par value; 5,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.0001 par value; 106,000 shares authorized; 22,680 and 18,311 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 14 14
Additional paid-in capital 1,518,691 1,466,488
Accumulated other comprehensive income 41 71
Accumulated deficit (1,848,914) (1,759,499)
Total stockholders' deficit (330,168) (292,926)
Total liabilities and stockholders' deficit $ 111,317 $ 108,416