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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Schedule of Segment Reporting Information The following table is representative of the significant expense categories regularly provided to the CODM
when managing the Company’s single reporting segment and includes a reconciliation to the consolidated
net loss shown in the condensed consolidated statements of operations and comprehensive loss for the
three and nine months ended September 30, 2025 and 2024 (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025
2024
2025
2024
Revenue ................................................................
$46,276
$32,934
$126,904
$90,831
Less(1):
Cost of revenue ...............................................
10,861
7,997
30,770
22,632
Research and development expenses:
Research and development .....................
10,260
6,986
27,582
19,107
Regulatory and clinical ..............................
7,037
4,877
18,671
12,131
Selling, general and administrative
expenses:
Sales ............................................................
18,869
16,981
54,307
49,943
Marketing .....................................................
4,650
3,564
13,812
9,416
General and administrative .......................
9,698
7,458
28,078
22,766
Loss from operations ...........................................
(15,099)
(14,929)
(46,316)
(45,164)
Other income (expense), net(2) .....................
(35,726)
(4,211)
(45,991)
(18,239)
Provision for income taxes ............................
(30)
(89)
(48)
Segment net loss .................................................
$(50,855)
$(19,140)
(92,396)
$(63,451)
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Other income (expense), net represents the consolidated amounts for interest income, interest expense, change in fair value of
common stock warrant liability, change in fair value of derivative liability, loss on extinguishment of debt and other income (expense),
net as shown on the condensed consolidated statements of operations and comprehensive loss.
Schedule of Cash and Cash Equivalents The following table provides a reconciliation of cash, cash equivalents and restricted cash to the total
shown in the condensed consolidated statements of cash flows (in thousands):
September 30,
2025
2024
Cash and cash equivalents ...............................................................................
$291,167
$64,661
Restricted cash ....................................................................................................
4,475
4,467
Total cash, cash equivalents and restricted cash ..........................................
$295,642
$69,128
Schedule of Restrictions on Cash and Cash Equivalents The following table provides a reconciliation of cash, cash equivalents and restricted cash to the total
shown in the condensed consolidated statements of cash flows (in thousands):
September 30,
2025
2024
Cash and cash equivalents ...............................................................................
$291,167
$64,661
Restricted cash ....................................................................................................
4,475
4,467
Total cash, cash equivalents and restricted cash ..........................................
$295,642
$69,128