v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 28,247 $ 32,490
Marketable securities 956,211 709,665
Inventory 1,165 1,565
Accounts receivable, net 666 688
Prepaid expenses and other current assets 21,441 15,067
Total current assets 1,007,730 759,475
Property and equipment, net 14,933 15,596
Operating lease right-of-use assets 6,261 3,971
Intangible assets, net 530 575
Goodwill 10,297 10,297
Other assets 6,919 1,678
Total assets 1,046,670 791,592
Current liabilities:    
Accounts payable 9,772 5,714
Operating lease liabilities, current portion 1,128 915
Accrued expenses and other current liabilities 35,533 24,207
Total current liabilities 46,433 30,836
Long-term debt 3,000 3,000
Operating lease liabilities, net of current portion 5,109 3,106
Deferred tax liability 307 307
Other liabilities 855 1,741
Total liabilities 55,704 38,990
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value per share; 700,000,000 and 700,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; 89,300,590 and 80,689,128 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 9 8
Additional paid-in capital 1,566,082 1,131,570
Accumulated deficit (575,125) (378,976)
Total stockholders' equity 990,966 752,602
Total liabilities and stockholders' equity $ 1,046,670 $ 791,592