v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 38,814 $ 24,813
Marketable securities 52,858 56,969
Accounts receivable, net (including allowance of $382 and $169 as of June 30, 2026 and December 31, 2025, respectively) 6,378 4,178
Contract assets 4,646 1,778
Other current assets 7,091 6,036
Total current assets 109,787 93,774
Property and equipment, net 85,060 80,806
Operating lease right-of-use assets 7,958 10,798
Goodwill 14,880 15,450
Intangible assets, net 8,000 9,079
Other long-term assets, including restricted cash 979 1,085
Total assets 226,664 210,992
Current liabilities    
Accounts payable 12,379 14,866
Contract liabilities, current portion 32,625 35,160
Other accrued expenses 13,648 22,266
Total current liabilities 58,652 72,292
Contract liabilities, non-current 13,869 14,207
Warrant liability 383 106
Operating lease liabilities, net of current portion 6,795 8,755
Other long-term liabilities 2,680 2,704
Total liabilities 82,379 98,064
Commitments and contingencies (Note 9)
Stockholders' equity    
Common stock, $0.0001 par value, 1,000,000,000 Class A and 15,000,000 Class B shares authorized, 39,107,030 Class A and 1,507,325 Class B shares issued and outstanding at June 30, 2026; 33,107,807 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2025 4 3
Additional paid-in capital 683,093 605,700
Accumulated other comprehensive loss (5,660) (5,435)
Accumulated deficit (533,152) (487,340)
Total stockholders' equity 144,285 112,928
Total liabilities and stockholders' equity $ 226,664 $ 210,992