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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue [1] $ 14,495 $ 25,709 $ 52,303 $ 67,814
Costs and expenses        
Cost of revenue 12,581 16,964 38,426 45,539
Research and development 12,171 11,683 37,192 37,411
Selling, general and administrative [2] 13,034 11,444 39,476 35,019
Total costs and expenses 37,786 40,091 115,094 117,969
Loss from operations (23,291) (14,382) (62,791) (50,155)
Interest income 1,680 1,384 5,585 3,879
Interest expense (64) (7) (140) (25)
Other income (expense), net [3] 26 (26,081) (100) (18,544)
Loss before income taxes (21,649) (39,086) (57,446) (64,845)
Provision for income taxes 3 3 12 14
Net loss $ (21,652) $ (39,089) $ (57,458) $ (64,859)
Net loss per share, basic $ (0.24) $ (0.64) $ (0.65) $ (1.19)
Net loss per share, diluted $ (0.24) $ (0.64) $ (0.65) $ (1.19)
Weighted-average shares outstanding, basic 88,699,131 61,051,350 88,226,838 54,708,205
Weighted-average shares outstanding, diluted 88,699,131 61,051,350 88,226,838 54,708,205
[1] Includes related party revenue of $1.1 million and $3.5 million for the three and nine months ended September 30, 2025, respectively.
[2] Includes related party sales and marketing expenses of $1.2 million and $2.7 million for the three and nine months ended September 30, 2025, respectively.
[3] Includes related party other expense of $26.0 million and $18.3 million in connection with the change in fair value of Tempus Warrants for the three and nine months ended September 30, 2024, respectively.