v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 267,487 $ 120,863
Short-term investments 193,624 66,712
Accounts receivable, net 12,982 13,431
Inventory 17,617 19,981
Prepaid expenses and other current assets 5,592 4,871
Current assets held for sale 0 228,406
Total current assets 497,302 454,264
Property and equipment, net 13,240 19,275
Operating lease right-of-use asset, net 23,083 26,732
Other non-current assets 3,194 3,154
Long-term investments 98,240 25,701
Deferred tax asset, non-current 273 38,628
Total assets 635,332 567,754
Current liabilities:    
Accounts payable 3,453 5,407
Accrued liabilities 30,436 29,783
Operating lease liabilities, current 5,691 5,490
Deferred revenue, current 8,814 38,949
Deferred grant income, current 2,627 3,046
Current liabilities held for sale 0 25,633
Total current liabilities 51,021 108,308
Convertible notes, non-current 300 299
Deferred tax liability 823 810
Operating lease liabilities, non-current 20,843 25,038
Deferred revenue, non-current 3,102 3,503
Deferred grant income, non-current 2,372 4,290
Other non-current liabilities 1,121 1,215
Total liabilities 79,582 143,463
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock: $0.001 par value, 10,000 shares authorized at September 30, 2026 and December 31, 2025, respectively; no shares issued and outstanding at September 30, 2026 and December 31, 2025
Common stock: $0.001 par value, 600,000 shares authorized at September 30, 2026 and December 31, 2025; 413,251 and 404,961 shares issued at September 30, 2026 and December 31, 2025, respectively; 394,671 and 386,381 shares outstanding at September 30, 2026 and December 31, 2025, respectively 413 404
Additional paid-in capital 1,748,204 1,732,393
Accumulated other comprehensive income (loss) 354 (1,492)
Accumulated deficit (1,146,754) (1,260,547)
Treasury stock at cost: 18,580 shares at September 30, 2026 and December 31, 2025 (46,467) (46,467)
Total stockholders' equity 555,750 424,291
Total liabilities and stockholders' equity $ 635,332 $ 567,754