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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 53,180 $ 54,578
Accounts receivable, net 17,000 19,172
Prepaid expenses 10,565 15,092
Deferred program expenses 10,006 0
Other current assets 3,662 2,576
Total current assets 94,413 91,418
Property and equipment, net 3,071 4,283
Finance lease right-of-use assets, net 4,170 5,391
Operating lease right-of-use assets 410 622
Goodwill 3,006 17,922
Intangible assets, net 30,281 30,410
Other assets 4,513 8,189
Total assets 139,864 158,235
Liabilities:    
Accounts payable 4,087 1,153
Accrued liabilities 6,900 4,449
Accrued compensation and benefits 12,309 7,608
Contract liabilities – current portion 11,223 6,838
Finance lease obligations – current portion 2,033 1,877
Operating lease obligations – current portion 232 210
Total current liabilities 36,784 22,135
Contract liabilities – non-current portion 1,124 0
Finance lease obligations – non-current portion 5,608 7,641
Operating lease obligations – non-current portion 186 418
Deferred income taxes 53 813
Other liabilities 159 91
Total liabilities 43,914 31,098
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 250,000,000 shares authorized, 72,773,272 shares and 72,514,652 shares issued and outstanding as of December 31, 2025 and 2024, respectively 111 111
Additional paid-in capital 459,828 454,502
Accumulated other comprehensive loss (96) (129)
Accumulated deficit (363,893) (327,347)
Total stockholders' equity 95,950 127,137
Total liabilities and stockholders' equity $ 139,864 $ 158,235