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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 47,285 $ 40,753
Short-term investments 138,612 195,657
Other receivables 1,370 1,853
Inventory 7,795 7,436
Prepaid expenses and other current assets 1,890 3,248
Total current assets 201,534 253,323
Long-term investments 54,686 63,103
Operating lease right-of-use assets 20,488 22,791
Property and equipment, net 14,754 18,575
Restricted cash 524 524
Other assets 4,097 8,281
Total assets 296,083 366,597
Current liabilities:    
Accounts payable 5,611 4,621
Accrued expenses 7,135 7,937
Deferred revenue 341 408
Operating lease liabilities, current 2,575 2,312
Other current liabilities 29 50
Total current liabilities 15,691 15,328
Operating lease liabilities, net of current portion 21,077 23,652
Other noncurrent liabilities 8 48
Total liabilities 36,776 39,028
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of December 31, 2025 and 2024; zero shares issued and outstanding as of December 31, 2025 and 2024 0 0
Additional paid-in capital 724,819 719,804
Accumulated other comprehensive gain 459 136
Accumulated deficit (465,972) (392,372)
Total stockholders’ equity 259,307 327,569
Total liabilities and stockholders’ equity 296,083 366,597
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 4,282 3,997
Related Party    
Current assets:    
Accounts receivable, net $ 300 $ 379