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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 37,931 $ 40,753
Short-term investments 171,895 195,657
Other receivables 1,400 1,853
Inventory 7,512 7,436
Prepaid expenses and other current assets 2,586 3,248
Total current assets 225,638 253,323
Long-term investments 53,426 63,103
Operating lease right-of-use assets 21,657 22,791
Property and equipment, net 16,496 18,575
Restricted cash 524 524
Other assets 4,746 8,281
Total assets 322,487 366,597
Current liabilities:    
Accounts payable 2,672 4,621
Accrued expenses 6,106 7,937
Deferred revenue 540 408
Operating lease liabilities, current 2,441 2,312
Other current liabilities 26 50
Total current liabilities 11,785 15,328
Operating lease liabilities, net of current portion 22,390 23,652
Other noncurrent liabilities 20 48
Total liabilities 34,195 39,028
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of June 30, 2025 and December 31, 2024; zero shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 719,728 719,804
Accumulated other comprehensive gain 307 136
Accumulated deficit (431,744) (392,372)
Total stockholders’ equity 288,292 327,569
Total liabilities and stockholders’ equity 322,487 366,597
Class A common stock    
Stockholders’ equity:    
Common stock 1 1
Class B common stock    
Stockholders’ equity:    
Common stock 0 0
Nonrelated Party    
Current assets:    
Accounts receivable, net 3,905 3,997
Related Party    
Current assets:    
Accounts receivable, net $ 409 $ 379