v3.26.3
CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 81,551 $ 31,576
Restricted cash, current 100 100
Short-term investments 158,653 187,549
Accounts receivable, net 20,667 17,118
Inventories 22,971 21,722
Prepaid expenses and other current assets 9,004 9,840
Total current assets 292,946 267,905
Property and equipment, net 11,764 8,600
Operating lease right-of-use asset 5,401 6,627
Long-term investments 133,436 45,431
Other long-term assets 212 180
Total assets 443,759 328,743
Current liabilities:    
Accounts payable 4,682 4,998
Accrued expenses and other current liabilities 24,656 22,431
Operating lease liabilities 1,452 1,938
Deferred revenue 2,046 1,557
Total current liabilities 32,836 30,924
Operating lease liabilities, net of current portion 4,649 5,365
Deferred revenue, net of current portion 3,480 3,297
Other long-term liabilities 1,411 1,547
Total liabilities 42,376 41,133
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock, $0.0001 par value, 700,000,000 shares authorized; 54,362,972 and 44,360,873 issued and outstanding at September 30, 2026 and December 31, 2025, respectively 5 4
Additional paid-in capital 841,843 657,140
Accumulated other comprehensive income (loss) (877) 403
Accumulated deficit (439,588) (369,937)
Total stockholders' equity 401,383 287,610
Total liabilities and stockholders' equity $ 443,759 $ 328,743