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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 56,052 $ 128,796
Short-term investments 183,710 133,748
Accounts receivable 1,508 950
Inventories 155 212
Prepaid expenses and other assets 14,665 13,198
Total current assets 256,090 276,904
Property and equipment, net 35,940 38,165
Intangible assets, net 1,185 1,217
Right-of-use assets, net 9,236 9,927
Deferred tax assets 1,335 1,335
Other assets, non-current 2,196 2,237
Total assets 305,982 329,785
Current Liabilities    
Accounts payable 1,812 1,901
Operating lease liabilities 2,632 2,585
Accrued expenses and other liabilities 11,961 18,329
Total current liabilities 16,405 22,815
Sponsor Earn-Out liabilities 1,593 9,472
Operating lease liabilities, non-current 6,897 7,977
Unearned government grant 8,665 8,606
Other liabilities, non-current 2,567 2,605
Total liabilities 36,127 51,475
Commitments and contingencies (Note 10)
Stockholders' Equity    
Common stock: Class A shares, $0.0001 par value, 2,100,000,000 shares authorized; 320,969,581 and 317,676,034 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; Class B shares, $0.0001 par value, 200,000,000 shares authorized; 43,881,251 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 36 36
Additional paid-in capital 583,328 579,378
Accumulated deficit (311,303) (298,871)
Accumulated other comprehensive loss (2,206) (2,233)
Total stockholders' equity 269,855 278,310
Total liabilities and stockholders' equity $ 305,982 $ 329,785