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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 17,573 $ 19,949
Short-term investments 200,307 208,179
Accounts receivable, net 22,443 23,383
Inventories, net 34,869 31,559
Prepaid and other current assets 4,033 4,389
Total current assets 279,225 287,459
Property and equipment, net 13,232 13,056
Operating leases right-of-use assets 9,760 9,959
Restricted cash 750 750
Other assets 1,026 590
Total assets 303,993 311,814
Current liabilities:    
Accounts payable 7,124 5,296
Accrued expenses and other current liabilities 18,748 19,795
Lease liabilities 1,504 1,162
Total current liabilities 27,376 26,253
Long-term lease liabilities 9,322 9,878
Total liabilities 36,698 36,131
Commitments and contingencies (Note 8)
Stockholders' deficit:    
Common stock, $0.001 par value, 900,000,000 shares authorized, 41,384,120 shares issued and outstanding as of March 31, 2026 and 41,242,005 shares issued and outstanding as of December 31, 2025 41 41
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital 944,244 936,628
Accumulated other comprehensive (loss) income (67) 53
Accumulated deficit (676,923) (661,039)
Total stockholders' equity 267,295 275,683
Total liabilities and stockholders' equity $ 303,993 $ 311,814