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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 22,938 $ 9,227
Accounts receivable, net 489 1,923
Prepaid expenses and other current assets 4,597 6,401
Short-term investments 69,427 110,918
Assets held for sale 1,181 2,563
Total current assets 98,632 131,032
Property and equipment, net 40,461 25,920
Operating lease right-of-use assets 3,468 5,431
Other assets 1,004 1,079
Long-term investments 59,994 99,584
Total assets 203,559 263,046
Current liabilities    
Accounts payable 3,142 5,243
Current portion of operating lease liabilities 2,726 2,426
Accrued expenses and other current liabilities 3,995 6,622
Total current liabilities 9,863 14,291
Operating lease liabilities, net of current portion 1,646 4,366
Other liabilities 41 0
Total liabilities 11,550 18,657
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 187,878,790 and 184,428,472 shares issued as of December 31, 2025 and 2024, respectively; 177,268,720 and 173,818,402 shares outstanding as of December 31, 2025 and 2024, respectively 19 18
Additional paid-in capital 413,122 408,315
Treasury stock, at cost (14,132) (14,132)
Accumulated deficit (207,000) (149,812)
Total stockholders’ equity 192,009 244,389
Total liabilities and stockholders’ equity $ 203,559 $ 263,046