v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 36,571 $ 50,793
Restricted cash, current 425 478
Short-term investments 28,569 27,416
Financial assets:    
Accounts receivable 6,777 8,757
Contract assets 441 492
Unbilled receivables 852 1,480
Total financial assets 8,070 10,729
Less: allowances (43) (43)
Total financial assets, net 8,027 10,686
Inventories 2,000 1,817
Prepaid expenses and other current assets 4,057 5,626
Total current assets 79,649 96,816
Restricted cash 1,612 1,612
Investment in non-marketable equity securities 2,498 2,498
Right-of-use assets - Operating leases, net 29,566 30,501
Property and equipment, net 12,588 13,024
Goodwill 2,463 2,463
Other non-current assets 994 883
Total assets 129,370 147,797
Current liabilities:    
Accounts payable 2,127 1,554
Accrued compensation 5,359 11,042
Other accrued liabilities 3,196 2,768
Current portion of lease obligations - Operating leases 3,302 2,944
Deferred revenue 866 7,009
Total current liabilities 14,850 25,317
Deferred revenue, net of current portion 350 360
Long-term lease obligations - Operating leases 29,118 30,159
Long-term debt 40,483 40,105
Other long-term liabilities 1,335 1,327
Total liabilities 86,136 97,268
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value per share; 200,000 shares authorized; 90,894 shares and 90,478 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 9 9
Additional paid-in capital 658,720 657,292
Accumulated other comprehensive income (loss) (11) 8
Accumulated deficit (615,484) (606,780)
Total stockholders' equity 43,234 50,529
Total liabilities and stockholders' equity $ 129,370 $ 147,797

Source

10-Q XBRL Zip