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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30,598 $ 44,757
Short term investments 112,361 107,381
Accounts receivable 1,380 2,346
Other current assets 3,523 2,927
Total current assets 147,862 157,411
Property and equipment, net of accumulated depreciation of $16,969 and $16,458 at March 31, 2026 and December 31, 2025, respectively 11,571 11,763
Operating lease right-of-use assets 14,052 14,856
Goodwill 18,703 19,161
Intangible assets, net 41,890 42,167
Other assets 1,566 1,661
Total assets 235,644 247,019
Current liabilities:    
Accounts payable 1,502 661
Accrued expenses and other current liabilities 9,461 8,560
Operating lease current liabilities 2,506 2,673
Deferred revenue 633 491
Total current liabilities 14,102 12,385
Warrants 29,737 33,167
Operating lease noncurrent liabilities 11,773 12,337
Other long-term liabilities 2,809 1,776
Long-term debt, net 267,190 273,589
Total liabilities 325,611 333,254
Stockholders’ equity:    
Common stock, authorized 500,000,000 shares; 136,191,797 and 135,504,497 shares issued and 136,059,569 and 135,372,269 shares outstanding at March 31, 2026 and December 31, 2025, respectively 15 15
Additional paid-in capital 969,657 961,991
Accumulated other comprehensive income 3,034 3,811
Accumulated deficit (1,061,980) (1,051,359)
Common stock in treasury, at cost; 132,228 shares at both March 31, 2026 and December 31, 2025 (693) (693)
Total stockholders’ equity (deficit) (89,967) (86,235)
Total liabilities and stockholders’ equity $ 235,644 $ 247,019