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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 97,373 $ 111,119
Short-term investments 305,967 372,685
Research and development incentives receivable 1,843 3,725
Prepaid expenses and other current assets 8,188 8,351
Total current assets 413,371 495,880
Property, plant and equipment, net 14,679 13,739
Research and development incentives receivable, non-current 431 0
Restricted cash 1,707 1,703
Other non-current assets 1,200 1,200
Right-of-use asset - operating leases 3,918 3,998
Right-of-use asset - financing leases 34,201 34,808
Total assets 469,507 551,328
Current liabilities:    
Accounts payable 15,483 12,463
Accrued expenses and other current liabilities 40,041 45,916
Operating lease liabilities, current 1,220 1,184
Financing lease liabilities, current 2,820 2,799
Total current liabilities 59,564 62,362
Operating lease liabilities, non-current 2,953 3,076
Financing lease liabilities, non-current 22,542 22,729
Long term debt, net of discount 46,792 46,377
Other liabilities, non-current 941 941
Total liabilities 132,792 135,485
Commitments and contingencies (Note 14)
Stockholders' equity    
Common stock, $0.001 par value; 150,000,000 shares authorized as of June 30, 2025 and March 31, 2025; 77,807,174 and 77,085,024 shares issued and outstanding as of June 30, 2025 and March 31, 2025, respectively 78 77
Additional paid-in capital 1,367,668 1,358,897
Accumulated deficit (1,035,272) (948,579)
Accumulated other comprehensive income 4,241 5,448
Total stockholders' equity 336,715 415,843
Total liabilities and stockholders' equity $ 469,507 $ 551,328