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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 29,213 $ 50,793
Restricted cash, current 0 478
Short-term investments 43,446 27,416
Financial assets:    
Accounts receivable 6,499 8,757
Contract assets 8,590 492
Unbilled receivables 604 1,480
Total financial assets 15,693 10,729
Less: allowances (43) (43)
Total financial assets, net 15,650 10,686
Inventories 2,096 1,817
Prepaid expenses and other current assets 5,360 5,626
Total current assets 95,765 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 27,659 30,501
Property and equipment, net 13,329 13,024
Goodwill 2,463 2,463
Other non-current assets 895 883
Total assets 144,221 147,797
Current liabilities:    
Accounts payable 5,760 1,554
Accrued compensation 8,751 11,042
Other accrued liabilities 4,105 2,768
Current portion of lease obligations - Operating leases 2,946 2,944
Current portion of long-term debt 11,793 0
Deferred revenue 735 7,009
Total current liabilities 34,090 25,317
Deferred revenue, net of current portion 0 360
Long-term lease obligations - Operating leases 28,043 30,159
Long-term debt 29,485 40,105
Other long-term liabilities 1,365 1,327
Total liabilities 92,983 97,268
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; 109,520 shares and 90,478 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 11 9
Additional paid-in capital 686,899 657,292
Accumulated other comprehensive income (loss) (55) 8
Accumulated deficit (635,617) (606,780)
Total stockholders' equity 51,238 50,529
Total liabilities and stockholders' equity $ 144,221 $ 147,797