v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 80,641 $ 41,687
Short-term marketable securities 245,360 139,671
Prepaid expenses and other current assets 11,800 9,298
Total current assets 337,801 190,656
Property and equipment, net 4,626 7,209
Right-of-use assets 16,137 18,804
Goodwill 14,119 14,327
Intangible asset 0 262
Long-term marketable securities 60,987 35,198
Other non-current assets 4,430 3,332
Total assets 438,100 269,788
Current liabilities:    
Accounts payable 8,260 7,872
Accrued expenses and other current liabilities 12,309 13,392
Lease liabilities, current 5,532 5,211
Total current liabilities 26,101 26,475
Contingent consideration and warrant liability 18,281 6,133
Lease liabilities, non-current 17,946 21,900
Total liabilities 62,328 54,508
Commitments and contingencies (see Note 13)
Stockholders equity (deficit):    
Common stock, $0.0001 par value: 500,000,000 and 365,081,240 shares authorized as of September 30, 2026 and December 31, 2025 respectively; 48,067,433 shares and 2,472,757 shares issued as of September 30, 2026 and December 31, 2025, respectively; 47,940,608 shares and 2,306,207 shares outstanding as of September 30, 2026 and December 31, 2025, respectively 5 0
Preferred stock, $0.0001 par value: 50,000,000 shares and no shares authorized as of September 30, 2026 and December 31, 2025; no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,089,000 79,616
Accumulated deficit (712,248) (568,139)
Accumulated other comprehensive income (loss) (985) 245
Total stockholders' equity (deficit) 375,772 (488,278)
Total liabilities, convertible preferred stock, and stockholders' equity (deficit) 438,100 269,788
Series A convertible preferred stock    
Current liabilities:    
Convertible preferred stock 0 216,503
Series B convertible preferred stock    
Current liabilities:    
Convertible preferred stock 0 167,765
Series C convertible preferred stock    
Current liabilities:    
Convertible preferred stock 0 123,259
Series D convertible preferred stock    
Current liabilities:    
Convertible preferred stock $ 0 $ 196,031