Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 30,902 $ 24,813
Marketable securities 47,052 56,969
Accounts receivable, net (including allowance of $568 and $169 as of June 30, 2026 and December 31, 2025, respectively) 3,375 4,178
Contract assets 6,245 1,778
Other current assets 4,268 6,036
Total current assets 91,842 93,774
Property and equipment, net 87,565 80,806
Operating lease right-of-use assets 7,504 10,798
Goodwill 14,935 15,450
Intangible assets, net 8,091 9,079
Other long-term assets, including restricted cash 949 1,085
Total assets 210,886 210,992
Current liabilities    
Accounts payable 12,816 14,866
Contract liabilities, current portion 32,042 35,160
Other accrued expenses 16,632 22,266
Total current liabilities 61,490 72,292
Contract liabilities, non-current 12,893 14,207
Warrant liability 215 106
Operating lease liabilities, net of current portion 6,402 8,755
Other long-term liabilities 2,782 2,704
Total liabilities 83,782 98,064
Commitments and contingencies (Note 9)
Stockholders’ equity    
Common stock, $0.0001 par value, 1,000,000,000 Class A and 15,000,000 Class B shares authorized, 39,250,648 Class A and 1,507,325 Class B shares issued and outstanding at September 30, 2026; 33,107,807 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2025 4 3
Additional paid-in capital 685,861 605,700
Accumulated other comprehensive loss (5,357) (5,435)
Accumulated deficit (553,404) (487,340)
Total stockholders’ equity 127,104 112,928
Total liabilities and stockholders’ equity $ 210,886 $ 210,992