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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 50,793 $ 19,264
Restricted cash, current 478 503
Short-term investments 27,416 54,194
Financial assets:    
Accounts receivable 8,757 11,920
Contract assets 492 4,375
Unbilled receivables 1,480 2,751
Total financial assets 10,729 19,046
Less: allowances (43) (162)
Total financial assets, net 10,686 18,884
Inventories 1,817 1,799
Prepaid expenses and other current assets 5,626 4,128
Total current assets 96,816 98,772
Restricted cash 1,612 1,062
Investment in non-marketable equity securities 2,498 2,798
Right-of-use assets - Operating leases, net 30,501 28,700
Property and equipment, net 13,024 14,197
Goodwill 2,463 2,463
Other non-current assets 883 1,019
Total assets 147,797 149,011
Current liabilities:    
Accounts payable 1,554 2,838
Accrued compensation 11,042 11,410
Other accrued liabilities 2,768 6,223
Current portion of lease obligations - Operating leases 2,944 2,827
Deferred revenue 7,009 350
Total current liabilities 25,317 23,648
Deferred revenue, net of current portion 360 100
Long-term lease obligations - Operating leases 30,159 28,163
Long-term debt 40,105 28,905
Other long-term liabilities 1,327 1,268
Total liabilities 97,268 82,084
Commitments and contingencies (Note 13)
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; 90,478 and 81,850 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 9 8
Additional paid-in capital 657,292 629,673
Accumulated other comprehensive income 8 52
Accumulated deficit (606,780) (562,806)
Total stockholders’ equity 50,529 66,927
Total liabilities and stockholders’ equity $ 147,797 $ 149,011