v3.26.3
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 197,315 $ 602,068
Marketable securities 233,434 0
Accounts receivable 12,000 1,276
Prepaid expenses 11,556 8,395
Other current assets 4,325 3,075
Total current assets 458,630 614,814
Long-term assets:    
Property and equipment, net of accumulated depreciation of $51,391 and $49,522 as of September 30, 2026 and December 31 2025, respectively 6,239 7,405
Long-term marketable securities 263 0
Operating lease right-of-use assets 38,088 12,458
Restricted cash 3,815 3,806
Other assets 895 16
Total long-term assets 49,300 23,685
Total assets 507,930 638,499
Current liabilities:    
Accounts payable 19,295 15,700
Accrued expenses and other current liabilities 21,979 26,564
Current portion of deferred revenue 9,111 44,440
Current portion of operating lease liability 4,375 8,361
Total current liabilities 54,760 95,065
Long-term liabilities:    
Deferred revenue, net of current portion 12,338 7,798
Operating lease liability, net of current portion 38,896 9,405
Total long-term liabilities 51,234 17,203
Total liabilities 105,994 112,268
Series A preferred stock, no par value; nil and 3,901,348 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 0 7,874
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 30,000,000 shares authorized; nil shares issued and outstanding at September 30, 2026 and December December 31, 2025, respectively 0 0
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 197,213,583 and nil shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 197 1,616,478
Additional paid-in capital 1,885,894 228,365
Accumulated other comprehensive loss (565) (250)
Accumulated deficit (1,483,590) (1,326,236)
Total stockholders' equity 401,936 518,357
Total liabilities, Series A preferred stock, and stockholders' equity $ 507,930 $ 638,499