v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net loss $ (29,294) $ (50,600)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 1,741 2,692
Amortization of intangible assets 12,134 9,684
Amortization of operating lease right-of-use assets 1,764 1,671
Share-based compensation 9,557 12,218
Amortization of discounts on short-term investments, net (540) (614)
Deferred income taxes, net (29) (1,148)
Change in estimated fair value of contingent liabilities (84) 201
Gain on sale of ion channel asset 0 (3,000)
Other 17 153
Changes in operating assets and liabilities, net:    
Accounts receivable, net 4,892 2,369
Prepaid expenses and other current assets (261) (322)
Other long-term assets 328 512
Accounts payable, accrued expenses, and other liabilities (1,342) (1,491)
Operating lease liabilities (2,280) (2,095)
Deferred revenue 11,737 (1,011)
Net cash provided by (used in) operating activities 8,340 (30,781)
Investing activities:    
Purchases of short-term investments (49,039) (38,578)
Proceeds from the maturity of short-term investments 36,644 39,800
Purchases of property and equipment (277) (556)
Proceeds from sale of short-term investments 0 90
Proceeds from sale of ion channel asset 0 3,000
Net cash (used in) provided by investing activities (12,672) 3,756
Financing activities:    
Payment of contingent liabilities (263) (450)
Proceeds from issuance of common stock from stock plans 1,954 341
Proceeds from issuance of common stock in private placement, net of commissions 0 28,199
Payment of transaction costs 0 (126)
Net cash provided by financing activities 1,691 27,964
Net change in cash, cash equivalents and restricted cash (2,641) 939
Cash, cash equivalents and restricted cash at beginning of period 26,084 28,158
Cash, cash equivalents and restricted cash at end of period 23,443 29,097
Supplemental cash flow information:    
Deferred revenue recorded in accounts receivable 75 192
Supplemental non-cash investing and financing activities:    
Transaction costs recorded in accounts payable and other current liabilities $ 0 $ 198