| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $101.5M-61.6% | $264.5M+381.9% | $54.9M+68.0% | $32.7M-83.7% | $200.7M+115.6% | $93.1M |
| Restricted cash | $0-100.0% | $500K | $0-100.0% | $1.3M+160.2% | $500K+0.0% | $500K |
| Investment securities, amortized cost of $924,317 at December 31, 2025 and $1,088,561 at December 31, 2024 | $926.4M-15.0% | $1.09B+116.3% | $503.7M+66.9% | $301.8M+126.9% | $133.0M+71.0% | $77.8M |
| Trade accounts receivable, net | $592K | $0 | — | — | — | — |
| Inventory | $2.0M | $0 | — | — | — | — |
| Prepaid expenses and other current assets | $17.8M-14.3% | $20.8M+33.5% | $15.6M+45.0% | $10.8M-2.3% | $11.0M+66.6% | $6.6M |
| Total current assets | $1.05B-23.8% | $1.38B+139.6% | $574.2M+66.3% | $345.2M+0.1% | $344.7M+94.2% | $177.5M |
| Property and equipment, net | $14.3M+18.5% | $12.1M+10.9% | $10.9M+210.9% | $3.5M+23.9% | $2.8M-11.2% | $3.2M |
| Operating lease right-of-use assets | $40.5M-6.9% | $43.5M-6.5% | $46.5M+3032.5% | $1.5M-21.5% | $1.9M-15.2% | $2.2M |
| Restricted cash, net of current portion | $800K+0.0% | $800K-38.5% | $1.3M-0.1% | $1.3M+160.2% | $500K+0.0% | $500K |
| Prepaid expenses and other assets, net of current portion | $22.3M+689.2% | $2.8M | — | — | — | — |
| Total assets | $1.13B-21.5% | $1.43B+125.8% | $635.4M+80.4% | $352.2M+0.3% | $351.0M+91.3% | $183.4M |
| Accounts payable and accrued expenses | $41.8M+94.6% | $21.5M-7.4% | $23.2M+51.1% | $15.4M+81.3% | $8.5M+51.5% | $5.6M |
| Accrued compensation and related expenses | $35.6M+23.2% | $28.9M+99.0% | $14.5M+59.9% | $9.1M+37.8% | $6.6M+62.0% | $4.1M |
| Deferred revenue | $1.2M-43.2% | $2.2M+5.8% | $2.1M-8.2% | $2.2M | $0 | — |
| Operating lease liabilities | $6.5M-9.3% | $7.2M+71.4% | $4.2M+297.1% | $1.1M | — | — |
| Total current liabilities | $85.1M+42.5% | $59.7M+35.8% | $43.9M+58.5% | $27.7M+73.3% | $16.0M+52.5% | $10.5M |
| Operating lease liabilities, non-current | $42.1M-5.6% | $44.6M-6.3% | $47.6M+2249.6% | $2.0M-34.2% | $3.1M-23.4% | $4.0M |
| Deferred revenue, non-current | $3.8M-19.0% | $4.7M-1.0% | $4.8M-22.1% | $6.1M | $0 | — |
| Other non-current liabilities | $3.2M+290.8% | $829K | $0 | — | — | — |
| Total liabilities | $134.2M+22.2% | $109.8M+14.1% | $96.2M+168.5% | $35.8M+88.0% | $19.1M+31.3% | $14.5M |
| Preferred stock, $0.001 par; 10,000 shares authorized, no shares issued or outstanding at December 31, 2025 or 2024 | $0 | $0 | $0 | $0 | $0 | — |
| Common stock and paid-in capital, $0.001 par; 200,000 shares authorized, 92,926 shares issued and outstanding at December 31, 2025; 68,175 shares issued and outstanding at December 31, 2024 | $2.41B+5.8% | $2.28B+91.0% | $1.19B+56.9% | $759.4M+25.0% | $607.6M+80.6% | $336.5M |
| Accumulated other comprehensive income | $1.9M+93.7% | $963K-1.4% | $977K+124.9% | -$3.9M-929.1% | -$382K-1628.0% | $25K |
| Accumulated deficit | -$1.42B-48.9% | -$952.1M-45.6% | -$653.7M-48.8% | -$439.2M-59.6% | -$275.3M-64.2% | -$167.6M |
| Stock held in trust | -$112K | $0 | — | — | — | — |
| Total stockholders’ equity | $992.1M-25.1% | $1.32B+145.7% | $539.1M+70.4% | $316.3M-4.7% | $331.9M+96.5% | $168.9M |
| Total liabilities and stockholders’ equity | $1.13B-21.5% | $1.43B+125.8% | $635.4M+80.4% | $352.2M+0.3% | $351.0M+91.3% | $183.4M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.