XML 20 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 297,344 $ 139,036
Restricted cash 449 449
Prepaid expenses and other current assets 2,158 2,645
Total current assets 299,951 142,130
Restricted cash 2,151 2,151
Property, plant and equipment, net 6,805 7,485
Operating lease right-of-use assets 7,463 8,381
Other non-current assets 184 217
Total assets 316,554 160,364
Current liabilities    
Accounts payable 5,438 3,592
Accrued expenses and other current liabilities 17,708 12,862
Deferred revenue 5,485 9,773
Total current liabilities 28,631 26,227
Term loan, net 50,852 43,942
Operating lease liability, net of current portion 16,506 17,361
Other non-current liabilities 1,576 1,309
Total liabilities 97,565 88,839
Commitments and contingencies - Note 13
Stockholders' (deficit) equity    
Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized and no shares issued and outstanding as of September 30, 2025 and December 31, 2024
Common stock, $0.00001 par value per share; 700,000,000 shares authorized and 273,915,373 issued and outstanding as of September 30, 2025 and 400,000,000 shares authorized and 204,943,306 issued and outstanding as of December 31, 2024 3 2
Additional paid-in capital 903,578 677,859
Accumulated other comprehensive loss (1,143) (4,031)
Accumulated deficit (683,449) (602,305)
Total stockholders' equity 218,989 71,525
Total liabilities and stockholders' equity $ 316,554 $ 160,364