v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 27,172 $ 50,793
Restricted cash, current 422 478
Short-term investments 27,746 27,416
Financial assets:    
Accounts receivable 6,545 8,757
Contract assets 4,340 492
Unbilled receivables 805 1,480
Total financial assets 11,690 10,729
Less: allowances (43) (43)
Total financial assets, net 11,647 10,686
Inventories 1,602 1,817
Prepaid expenses and other current assets 3,327 5,626
Total current assets 71,916 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 28,618 30,501
Property and equipment, net 11,907 13,024
Goodwill 2,463 2,463
Other non-current assets 1,041 883
Total assets 120,055 147,797
Current liabilities:    
Accounts payable 2,609 1,554
Accrued compensation 6,324 11,042
Other accrued liabilities 3,365 2,768
Current portion of lease obligations - Operating leases 3,294 2,944
Current portion of long term debt 7,057 0
Deferred revenue 862 7,009
Total current liabilities 23,511 25,317
Deferred revenue, net of current portion 0 360
Long-term lease obligations - Operating leases 28,417 30,159
Long-term debt 33,819 40,105
Other long-term liabilities 1,350 1,327
Total liabilities 87,097 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; 91,388 shares and 90,478 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 9 9
Additional paid-in capital 660,451 657,292
Accumulated other comprehensive income (loss) (13) 8
Accumulated deficit (627,489) (606,780)
Total stockholders' equity 32,958 50,529
Total liabilities and stockholders' equity $ 120,055 $ 147,797

Source

10-Q XBRL Zip