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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 20,262 $ 22,938
Accounts receivable, net 3,026 489
Inventory, Net 1,919 0
Prepaid expenses and other current assets 4,031 4,597
Short-term investments 52,208 69,427
Assets held for sale 0 1,181
Total current assets 81,446 98,632
Property and equipment, net 38,494 40,461
Operating lease right-of-use assets 2,963 3,468
Other assets 990 1,004
Long-term investments 66,858 59,994
Total assets 190,751 203,559
Current liabilities    
Accounts payable 901 3,142
Current portion of operating lease liabilities 2,804 2,726
Accrued expenses and other current liabilities 4,369 3,995
Total current liabilities 8,074 9,863
Operating lease liabilities, net of current portion 912 1,646
Other liabilities 41 41
Total liabilities 9,027 11,550
Commitments and contingencies (Note 10)
Stockholders’ equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 188,927,224 and 187,878,790 shares issued at March 31, 2026 and December 31, 2025, respectively; $178,317,154 and $177,268,720 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 19 19
Additional paid-in capital 414,574 413,122
Treasury stock, at cost (14,132) (14,132)
Accumulated deficit (218,737) (207,000)
Total stockholders’ equity 181,724 192,009
Total liabilities and stockholders’ equity $ 190,751 $ 203,559