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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (68,908) $ (94,879)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 8,827 11,028
Depreciation and amortization expense 4,554 6,576
Gain on securities purchase agreement put/call (17,561) 0
Non-cash lease income (2,306) (1,516)
Net amortization and accretion on marketable securities (1,708) (2,890)
Change in fair value of success payment liabilities (752) (240)
Loss on property and equipment disposals, net 117 3,759
Change in fair value of contingent consideration payable 0 (2,075)
Impairment of long-lived assets 0 1,443
Loss on marketable equity security 0 28
Changes in operating assets and liabilities:    
Prepaid expenses, other current assets and other assets 3,325 4,796
Accounts payable 919 (1,885)
Accrued liabilities and other current liabilities 1,041 (13,118)
Other non-current liabilities 20 (223)
Net cash used in operating activities (72,432) (89,196)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (345) (414)
Sales of property and equipment 5 0
Purchases of marketable securities (90,706) (165,112)
Maturities of marketable securities 124,040 247,639
Net cash provided by investing activities 32,994 82,113
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from employee stock purchase plan 522 184
Proceeds from exercise of stock options 26 0
Net cash provided by financing activities 52,244 184
Net increase (decrease) in cash, cash equivalents and restricted cash 12,806 (6,899)
Cash, cash equivalents and restricted cash at beginning of period 61,766 107,287
Cash, cash equivalents and restricted cash at end of period 74,572 100,388
Represented by:    
Cash and cash equivalents 72,985 98,804
Restricted cash 1,587 1,584
Total 74,572 100,388
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for amounts included in the measurement of lease liabilities 6,436 6,252
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities 77 9
Securities Purchase Agreement    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from equity issuance/offering 50,000 0
At The Market Offering    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from equity issuance/offering $ 1,696 $ 0