|
Cash and cash equivalents
|
|
$52.0m
|
$12.0m
|
$142.1m
|
$31.3m
|
$28.0m
|
$286.3m
|
$222.5m
|
$296.7m
|
|
Short-term investments
|
|
—
|
$104.7m
|
$89.7m
|
$125.2m
|
$123.7m
|
$0
|
$57.8m
|
$86.6m
|
|
Accounts receivable
|
|
—
|
—
|
$0
|
$3.3m
|
$24.0m
|
$68.0m
|
$78.3m
|
$123.3m
|
|
Inventory
|
|
—
|
—
|
$0
|
$1.5m
|
$5.6m
|
$22.3m
|
$22.4m
|
$24.9m
|
|
Prepaid expenses and other current assets
|
|
$12k
|
$2.7m
|
$4.5m
|
$5.3m
|
$8.9m
|
$10.9m
|
$11.8m
|
$18.1m
|
|
Total current assets
|
|
$52.0m
|
$119.4m
|
$236.3m
|
$166.6m
|
$190.2m
|
$387.5m
|
$392.8m
|
$549.7m
|
|
Long-term investments
|
|
—
|
$23.3m
|
$0
|
$5.0m
|
$0
|
$0
|
$12.5m
|
$8.1m
|
|
Property and equipment, net
|
|
$0
|
$1.4m
|
$1.3m
|
$981k
|
$914k
|
$706k
|
$1.1m
|
$1.9m
|
|
Intangible assets, net
|
|
—
|
—
|
—
|
$18.7m
|
$59.0m
|
$252.9m
|
$249.8m
|
$260.9m
|
|
Operating lease right-of-use assets
|
|
—
|
$2.4m
|
$1.9m
|
$1.6m
|
$1.4m
|
$1.3m
|
$8.7m
|
$8.7m
|
|
Other assets
|
|
—
|
$324k
|
$1.3m
|
$1.8m
|
$1.4m
|
$4.2m
|
$5.4m
|
$12.0m
|
|
Restricted cash
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$425k
|
$1.5m
|
|
Accrued expenses and other current liabilities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$111.9m
|
$196.2m
|
|
Operating lease liabilities, noncurrent
|
|
—
|
$3.3m
|
$2.6m
|
$1.9m
|
$1.3m
|
$617k
|
$8.0m
|
$7.5m
|
|
Convertible notes payable, net, noncurrent
|
|
—
|
—
|
—
|
—
|
$0
|
$306.4m
|
$308.1m
|
$309.8m
|
|
Other liabilities
|
|
—
|
$36k
|
$29k
|
$17k
|
$4.5m
|
$3.8m
|
$2.5m
|
$5.0m
|
|
Total stockholders’ equity
|
|
($17.3m)
|
$130.3m
|
$172.1m
|
$120.2m
|
$142.0m
|
$248.7m
|
$225.6m
|
$314.7m
|
|
Total assets
|
|
$52.0m
|
$146.7m
|
$240.9m
|
$294.7m
|
$352.9m
|
$646.6m
|
$670.8m
|
$842.8m
|
|
Total liabilities and stockholders’ equity
|
|
$52.0m
|
$146.7m
|
$240.9m
|
$294.7m
|
$352.9m
|
$646.6m
|
$670.8m
|
$842.8m
|
|
Accounts payable
|
|
$269k
|
$3.4m
|
$3.2m
|
$9.2m
|
$8.7m
|
$7.4m
|
$14.6m
|
$9.6m
|
|
Total current liabilities
|
|
$2.4m
|
$13.1m
|
$18.5m
|
$42.6m
|
$64.7m
|
$87.1m
|
$126.6m
|
$205.8m
|
|
Total liabilities
|
|
$2.4m
|
$16.4m
|
$68.8m
|
$174.4m
|
$210.9m
|
$398.0m
|
$445.1m
|
$528.1m
|
|
Commitments and contingencies
|
|
—
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
|
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, and no shares issued and outstanding as of December 31, 2025 and 2024
|
|
—
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Common stock, $0.0001 par value; 200,000,000 shares authorized; 51,896,391 and 48,338,096 shares issued and outstanding as of December 31, 2025 and 2024, respectively
|
|
1k
|
2k
|
3k
|
3k
|
4k
|
5k
|
5k
|
5k
|
|
Additional paid-in capital
|
|
$34k
|
$200.1m
|
$345.2m
|
$377.4m
|
$535.1m
|
$803.3m
|
$870.2m
|
$981.9m
|
|
Accumulated deficit
|
|
($17.3m)
|
($69.9m)
|
($173.2m)
|
($257.2m)
|
($392.8m)
|
($556.2m)
|
($644.2m)
|
($667.5m)
|
|
Accumulated other comprehensive income (loss)
|
|
—
|
$129k
|
$83k
|
($35k)
|
($217k)
|
$1.6m
|
($373k)
|
$351k
|