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RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

Schedule of related party transactions

Goods and services transactions with Illumina have been reflected in the unaudited condensed consolidated financial statements as follows:

(in thousands)			September 30, 2025						December 31, 2024
Accounts receivable			$	34					$	65
Supplies			975						3,130
Prepaid expenses and other current assets			62						77
Property and equipment, net			1,636						2,227
Accounts payable			54						—
Accrued liabilities			94						104

			Three Months Ended												Nine Months Ended
(in thousands)			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
Screening revenue			$	50					$	129					$	179					$	366
Cost of screening revenue			1,237						3,658						3,924						9,784
Cost of development services revenue			78						143						260						259
Operating expenses—Research and development			973						6,588						2,947						16,700
Operating expenses—General and administrative			—						1						—						104

The following table presents the components of the net transfers to and from Illumina prior to the Spin-Off:

			Nine Months Ended
(in thousands)			September 30, 2024
Cash funding received from Illumina			$	1,244,300
Total contributions from member, net			$	1,244,300

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- References

No definition available.

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

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