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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 44,973 $ 40,753
Short-term investments 154,262 195,657
Other receivables 1,355 1,853
Inventory 8,126 7,436
Prepaid expenses and other current assets 1,845 3,248
Total current assets 214,363 253,323
Long-term investments 51,950 63,103
Operating lease right-of-use assets 21,077 22,791
Property and equipment, net 15,474 18,575
Restricted cash 524 524
Other assets 5,220 8,281
Total assets 308,608 366,597
Current liabilities:    
Accounts payable 4,261 4,621
Accrued expenses 7,770 7,937
Deferred revenue 486 408
Operating lease liabilities, current 2,507 2,312
Other current liabilities 18 50
Total current liabilities 15,042 15,328
Operating lease liabilities, net of current portion 21,742 23,652
Other noncurrent liabilities 10 48
Total liabilities 36,794 39,028
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of September 30, 2025 and December 31, 2024; zero shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 721,360 719,804
Accumulated other comprehensive gain 431 136
Accumulated deficit (449,978) (392,372)
Total stockholders’ equity 271,814 327,569
Total liabilities and stockholders’ equity 308,608 366,597
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 3,502 3,997
Related Party    
Current assets:    
Accounts receivable, net $ 300 $ 379