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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 122,951 $ 111,119
Short-term investments 146,186 372,685
Research and development incentives receivable 2,955 3,725
Prepaid expenses and other current assets 8,262 8,351
Total current assets 280,354 495,880
Property, plant and equipment, net 13,847 13,739
Restricted cash 1,704 1,703
Other non-current assets 1,200 1,200
Right-of-use asset - operating leases 3,498 3,998
Right-of-use asset - financing leases 32,987 34,808
Total assets 333,590 551,328
Current liabilities:    
Accounts payable 5,647 12,463
Accrued expenses and other current liabilities 40,365 45,916
Operating lease liabilities, current 1,213 1,184
Financing lease liabilities, current 2,862 2,799
Total current liabilities 50,087 62,362
Operating lease liabilities, non-current 2,514 3,076
Financing lease liabilities, non-current 22,129 22,729
Long term debt, net of discount 47,628 46,377
Other liabilities, non-current 693 941
Total liabilities 123,051 135,485
Commitments and contingencies (Note 14)
Stockholders' equity    
Common stock, $0.001 par value; 150,000,000 shares authorized as of December 31, 2025 and March 31, 2025; 79,631,167 and 77,085,024 shares issued and outstanding as of December 31, 2025 and March 31, 2025, respectively 79 77
Additional paid-in capital 1,394,198 1,358,897
Accumulated deficit (1,189,302) (948,579)
Accumulated other comprehensive income 5,564 5,448
Total stockholders' equity 210,539 415,843
Total liabilities and stockholders' equity $ 333,590 $ 551,328