| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $122.5M+29.2% | $94.9M-16.1% | $113.0M+72.3% | $65.6M-41.8% | $112.7M+35.8% | $83.0M+127.8% | $36.4M |
| Short-term investments | $759.7M-22.6% | $981.2M+95.5% | $501.8M-30.0% | $717.0M+99.7% | $359.0M-5.8% | $381.1M+102.0% | $188.7M |
| Accounts receivable | $17.8M+6.7% | $16.6M+1197.7% | $1.3M+772.8% | $147K-99.7% | $51.8M+1072.4% | $4.4M-14.4% | $5.2M |
| Prepaid expenses and other current assets | $17.0M+11.2% | $15.3M+27.9% | $11.9M-4.2% | $12.5M+2.0% | $12.2M+112.8% | $5.7M+65.1% | $3.5M |
| Total current assets | $917.0M-17.2% | $1.11B+76.4% | $628.1M-21.0% | $795.2M+48.4% | $535.7M+13.0% | $474.2M+102.9% | $233.8M |
| Long-term investments | $335.0M+131.0% | $145.1M+257.9% | $40.5M-13.2% | $46.7M-69.3% | $152.1M+311.5% | $37.0M-13.4% | $42.6M |
| Property and equipment, net | $79.2M+20.3% | $65.8M-4.3% | $68.7M-14.5% | $80.5M+9.8% | $73.3M+449.0% | $13.3M+194.6% | $4.5M |
| Operating lease right-of-use assets | $76.0M+1.1% | $75.2M-4.8% | $79.0M-4.5% | $82.7M+13.1% | $73.1M+2401.3% | $2.9M | — |
| Other assets | $17.3M+125.1% | $7.7M-3.6% | $8.0M-17.5% | $9.7M+34.8% | $7.2M+13.1% | $6.4M | — |
| Total assets | $1.42B+1.6% | $1.40B+70.0% | $824.3M-18.8% | $1.01B+20.6% | $841.3M+57.6% | $533.8M+84.2% | $289.8M |
| Accounts payable | $22.3M+9.7% | $20.4M-5.3% | $21.5M-16.0% | $25.6M+21.5% | $21.1M+162.0% | $8.1M-1.3% | $8.2M |
| Accrued liabilities | $83.3M+50.5% | $55.3M+29.7% | $42.6M-3.3% | $44.1M+28.3% | $34.4M+77.9% | $19.3M+59.3% | $12.1M |
| Short-term operating lease liabilities | $19.1M+0.7% | $19.0M+6.1% | $17.9M+39.5% | $12.8M-13.7% | $14.9M+433.7% | $2.8M-39.7% | $4.6M |
| Current portion of convertible and long-term debt | $41.2M+257.5% | $11.5M+14.3% | $10.1M+952.2% | $958K | — | — | — |
| Derivative liabilities measured at fair value | $31.1M+175.2% | $11.3M | $0 | — | — | — | — |
| Deferred revenue | $1.6M-96.9% | $52.4M | $0 | — | — | — | — |
| Other current liabilities | $3.8M-60.9% | $9.8M-7.1% | $10.6M+840.2% | $1.1M-27.1% | $1.5M+46.8% | $1.0M-6.7% | $1.1M |
| Total current liabilities | $202.5M+12.7% | $179.7M+75.0% | $102.7M+21.3% | $84.6M+17.8% | $71.9M+130.3% | $31.2M+19.9% | $26.0M |
| Term loans, net | $246.4M+164.3% | $93.2M+59.7% | $58.4M-8.5% | $63.8M+34.7% | $47.4M+2.5% | $46.2M+2.6% | $45.1M |
| Convertible notes, net | $869.6M+57.4% | $552.4M+0.6% | $549.0M+0.6% | $545.8M+471.7% | $95.5M+6.7% | $89.5M+6.3% | $84.2M |
| Liabilities related to revenue participation right purchase agreements, net | $520.6M+12.6% | $462.2M+21.6% | $380.0M+26.4% | $300.5M+67.8% | $179.1M+7.8% | $166.1M | — |
| Long-term operating lease liabilities | $108.0M-4.1% | $112.6M-6.5% | $120.4M-5.1% | $126.9M+13.1% | $112.2M+25406.6% | $440K | — |
| Liabilities related to RPI Transactions measured at fair value | $137.2M+0.1% | $137.0M | $0 | — | — | — | — |
| Total liabilities | $2.08B+35.6% | $1.54B+27.0% | $1.21B+7.8% | $1.12B+87.9% | $597.5M+42.1% | $420.4M+39.8% | $300.8M |
| Commitments and contingencies | — | — | — | — | — | $0 | $0 |
| Preferred stock, $0.001 par value: Authorized: 10,000,000 shares; Issued and outstanding: none | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common stock, $0.001 par value: Authorized: 163,000,000 shares Issued and outstanding: 122,943,172 shares at December 31, 2025 and 118,209,139 shares at December 31, 2024 | $123K+4.2% | $118K+15.7% | $102K+8.5% | $94K+11.9% | $84K+20.0% | $70K+18.6% | $59K |
| Additional paid-in capital | $2.83B+10.2% | $2.56B+48.6% | $1.73B+16.5% | $1.48B+2.0% | $1.45B+31.4% | $1.11B+29.5% | $853.3M |
| Accumulated other comprehensive income | $630K-73.7% | $2.4M+24080.0% | -$10K+99.7% | -$3.6M-313.1% | -$869K-683.2% | $149K-78.1% | $679K |
| Accumulated deficit | -$3.49B-29.1% | -$2.70B-27.9% | -$2.11B-33.2% | -$1.59B-31.3% | -$1.21B-21.7% | -$992.3M-14.7% | -$865.0M |
| Total stockholders' deficit | -$659.6M-387.3% | -$135.4M+65.0% | -$386.3M-258.0% | -$107.9M-144.2% | $243.9M+115.1% | $113.4M+1136.7% | -$10.9M |
| Total liabilities and stockholders' deficit | $1.42B+1.6% | $1.40B+70.0% | $824.3M-18.8% | $1.01B+20.6% | $841.3M+57.6% | $533.8M+84.2% | $289.8M |
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.