| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $25.2M+24.9% | $20.2M-42.6% | $35.1M-26.4% | $47.7M-87.3% | $377.0M+1805.7% | $19.8M |
| Marketable securities | $267.2M+41.5% | $188.9M+516.1% | $30.7M | — | — | — |
| Accounts receivable, net | $329K | $0 | — | — | — | — |
| Inventory | $2.9M | $0 | — | — | — | — |
| Prepaid expenses and other current assets | $5.8M+109.2% | $2.8M+91.2% | $1.4M-79.7% | $7.1M+49.9% | $4.8M+270.1% | $1.3M |
| Restricted cash | $0-100.0% | $114K | $0-100.0% | $1.7M+0.0% | $1.7M+4802.9% | $35K |
| Total current assets | $301.4M+42.2% | $211.9M+215.1% | $67.2M-75.6% | $275.4M-27.9% | $381.7M+1708.9% | $21.1M |
| Property and equipment, net | $1.2M+82.6% | $651K+1105.6% | $54K-99.8% | $22.6M+247.8% | $6.5M+345.4% | $1.5M |
| Operating lease right-of-use asset | $734K-45.1% | $1.3M+320.8% | $318K-94.3% | $5.6M-51.8% | $11.6M | — |
| Other assets | $2.5M+81.8% | $1.4M+6557.1% | $21K-98.4% | $1.3M+183.9% | $454K | — |
| Total assets | $305.9M+42.1% | $215.3M+205.9% | $70.4M-78.1% | $321.9M-19.9% | $402.0M+1681.5% | $22.6M |
| Accounts payable | $4.2M-2.1% | $4.3M-25.5% | $5.7M+119.0% | $2.6M+6.3% | $2.5M+289.4% | $630K |
| Accrued liabilities | $17.0M+176.8% | $6.1M-52.0% | $12.8M | — | — | — |
| Total current liabilities | $21.2M+103.6% | $10.4M-43.8% | $18.5M+41.9% | $13.0M+7.4% | $12.1M-62.1% | $32.0M |
| Operating lease liability, net | $350K-57.0% | $814K+324.0% | $192K-89.0% | $1.7M-69.8% | $5.8M | — |
| Total liabilities | $21.5M+92.0% | $11.2M-43.0% | $19.7M-23.1% | $25.6M+42.8% | $17.9M-44.6% | $32.4M |
| Preferred stock, par value of $0.00001 per share; 10,000,000 shares authorized at December 31, 2025 and 2024; no shares issues and outstanding at December 31, 2025 and 2024 | $0.00 | $0.00 | — | $0.00 | $0.00 | — |
| Common stock, par value of $0.00001 per share; 300,000,000 shares authorized at December 31, 2025 and 2024; 31,344,782 and 27,531,490 shares issued at December 31, 2025 and 2024, respectively; and 31,344,782 and 27,518,439 shares outstanding at December 31, 2025 and 2024, respectively | $1000.00+0.0% | $1000.00-90.0% | $10000.00+900.0% | $1000.00+0.0% | $1000.00 | — |
| Additional paid-in capital | $511.2M+46.5% | $348.9M+13761.8% | $2.5M-99.5% | $539.7M+2.7% | $525.4M+10037.0% | $5.2M |
| Accumulated deficit | -$227.1M-56.6% | -$145.0M-52.3% | -$95.2M+60.7% | -$242.4M-71.5% | -$141.4M-100.2% | -$70.6M |
| Accumulated other comprehensive income | $242K+23.5% | $196K+3166.7% | $6K+100.6% | -$1.0M | $0 | — |
| Total stockholders’ equity | $284.3M+39.3% | $204.1M+320.1% | -$92.7M-131.3% | $296.3M-22.9% | $384.1M+687.2% | -$65.4M |
| Total liabilities and stockholders’ equity | $305.9M+42.1% | $215.3M+205.9% | $70.4M-78.1% | $321.9M-19.9% | $402.0M+1681.5% | $22.6M |
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.