v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 32,429 $ 46,628
Accounts receivable 703 916
Short-term investments 121,341 157,029
Prepaid expenses and other current assets 3,480 4,131
Total current assets 157,953 208,704
Long-term investments 0 1,472
Property and equipment, net 51,546 56,925
Operating lease right-of-use assets 40,554 41,609
Restricted cash 10,050 10,227
Total assets 260,103 318,937
Current liabilities:    
Accounts payable 3,258 2,656
Accrued expenses 14,904 20,024
CIRM award liability, current portion 9,508 8,448
Deferred revenue 0 381
Operating lease liabilities, current portion 4,922 4,562
Total current liabilities 32,592 36,071
CIRM award liability, net of current portion 2,377 2,112
Operating lease liabilities, net of current portion 70,753 73,287
Stock price appreciation milestones 943 283
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000; Class A Convertible Preferred shares issued and outstanding - 2,755,086 at June 30, 2026 and December 31, 2025 3 3
Common stock, $0.001 par value; authorized shares-350,000,000; issued and outstanding-116,694,106 at June 30, 2026 and 115,359,735 at December 31,2025 117 115
Additional paid-in capital 1,749,116 1,741,259
Accumulated other comprehensive income (loss) (117) 116
Accumulated deficit (1,595,681) (1,534,309)
Total stockholders’ equity 153,438 207,184
Total liabilities and stockholders’ equity $ 260,103 $ 318,937