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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 13,166 $ 22,938
Accounts receivable, net 2,673 489
Inventory 1,162 0
Prepaid expenses and other current assets 3,621 4,597
Short-term investments 51,011 69,427
Assets held for sale 0 1,181
Total current assets 71,633 98,632
Property and equipment, net 36,317 40,461
Operating lease right-of-use assets 2,444 3,468
Other assets 987 1,004
Long-term investments 68,208 59,994
Total assets 179,589 203,559
Current liabilities    
Accounts payable 1,490 3,142
Current portion of operating lease liabilities 2,469 2,726
Accrued expenses and other current liabilities 5,473 3,995
Total current liabilities 9,432 9,863
Operating lease liabilities, net of current portion 577 1,646
Other liabilities 41 41
Total liabilities 10,050 11,550
Commitments and contingencies (Note 10)
Stockholders’ equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 189,207,288 and 187,878,790 shares issued at June 30, 2026 and December 31, 2025, respectively; $178,597,218 and $177,268,720 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 19 19
Additional paid-in capital 416,317 413,122
Treasury stock, at cost (14,132) (14,132)
Accumulated deficit (232,665) (207,000)
Total stockholders’ equity 169,539 192,009
Total liabilities and stockholders’ equity $ 179,589 $ 203,559