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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 129,418 $ 166,728
Short-term investments 65,485 126,146
Accounts receivable, net 13,536 14,741
Inventory 25,418 20,744
Prepaid expenses and other current assets 7,906 4,561
Current assets held for sale 230,676 42,963
Total current assets 472,439 375,883
Property and equipment, net 20,738 22,775
Operating lease right-of-use asset, net 23,453 26,567
Other non-current assets 3,521 3,688
Long-term investments 19,485 0
Non-current assets held for sale 0 183,432
Total assets 539,636 612,345
Current liabilities:    
Accounts payable 6,619 5,049
Accrued liabilities 30,810 21,435
Operating lease liabilities, current 5,113 4,806
Deferred revenue, current 40,111 10,274
Deferred grant income, current 3,098 3,527
Current liabilities held for sale 22,214 20,804
Total current liabilities 107,965 65,895
Convertible notes, non-current 299 299
Deferred tax liability 1,139 1,081
Operating lease liabilities, non-current 21,977 25,590
Deferred revenue, non-current 2,366 32,674
Deferred grant income, non-current 5,031 7,243
Other non-current liabilities 1,200 1,062
Non-current liabilities held for sale 0 6,779
Total liabilities 139,977 140,623
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock: $0.001 par value, 10,000 shares authorized at September 30, 2025 and December 31, 2024; no shares issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock: $0.001 par value, 600,000 shares authorized at September 30, 2025 and December 31, 2024; 402,194 and 396,110 shares issued at September 30, 2025 and December 31, 2024, respectively; 383,614 and 377,530 shares outstanding at September 30, 2025 and December 31, 2024, respectively 401 396
Additional paid-in capital 1,726,032 1,702,219
Accumulated other comprehensive loss (477) 1,225
Accumulated deficit (1,279,830) (1,185,651)
Treasury stock at cost: 18,580 shares at September 30, 2025 and December 31, 2024 (46,467) (46,467)
Total stockholders' equity 399,659 471,722
Total liabilities and stockholders' equity $ 539,636 $ 612,345