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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 19,671 $ 44,776
Short-term investments 138,645 132,010
Accounts receivable, net of allowance for credit losses of $626 at March 31, 2026 and December 31, 2025 35,527 29,343
Prepaid expenses and other current assets 17,987 14,075
Total current assets 211,830 220,204
Long-term investments 96,582 103,365
Property and equipment, net 9,829 8,587
Operating lease right-of-use assets 14,407 17,488
Restricted cash, non-current 4,702 4,709
Other non-current assets 6,675 5,099
Total assets 344,025 359,452
Current liabilities    
Accounts payable 5,750 3,169
Accrued expenses and other current liabilities 25,886 33,279
Operating lease liabilities, current 6,382 5,922
Total current liabilities 38,018 42,370
Operating lease liabilities, non-current 19,967 16,132
Other non-current liabilities 322 303
Total liabilities 58,307 58,805
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock, $0.001 par value; 50,000,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.001 par value; 250,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 86,105,290 and 85,280,597 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 86 85
Additional paid-in capital 1,401,447 1,388,737
Accumulated other comprehensive loss (685) (425)
Accumulated deficit (1,115,130) (1,087,750)
Total stockholders’ equity 285,718 300,647
Total liabilities and stockholders’ equity $ 344,025 $ 359,452