| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and cash equivalents | $45.8M+48.6% | $30.8M-75.9% | $128.0M-21.5% | $163.0M |
| Accounts receivable due from SPN - related party | $360K-82.6% | $2.1M | $0 | — |
| Accounts receivable | $157K | $0 | — | — |
| Prepaid expenses and other current assets | $3.1M-46.8% | $5.8M-27.8% | $8.0M-40.0% | $13.4M |
| Total current assets | $49.4M+27.7% | $38.7M-78.0% | $175.4M-9.9% | $194.8M |
| Property and equipment, net | $7.6M-33.8% | $11.5M-34.5% | $17.6M-23.4% | $23.0M |
| Operating lease assets | $72.5M-10.4% | $80.9M-10.5% | $90.4M-18.5% | $111.0M |
| Restricted cash | $8.7M+0.0% | $8.7M+5.9% | $8.2M+0.0% | $8.2M |
| Other non-current assets | $31K+0.0% | $31K-98.6% | $2.2M-79.1% | $10.5M |
| Total assets | $138.2M-1.2% | $139.8M-61.0% | $358.6M+2.8% | $348.8M |
| Accounts payable | $1.7M-58.8% | $4.1M+12.0% | $3.6M-79.1% | $17.4M |
| Accrued expenses and other current liabilities | $4.0M-62.9% | $10.7M-52.4% | $22.5M-62.4% | $59.8M |
| Accrued liabilities due to SPN - related party | $3.3M-81.5% | $17.8M | $0 | — |
| Operating lease liabilities | $10.4M+19.8% | $8.7M+55.3% | $5.6M+55.2% | $3.6M |
| Total current liabilities | $19.3M-53.1% | $41.2M-58.2% | $98.7M+15.3% | $85.6M |
| Operating lease liabilities, net of current portion | $72.6M-12.5% | $83.0M-9.5% | $91.7M-15.1% | $107.9M |
| Other long-term liabilities | $2.1M+13.0% | $1.8M+12.9% | $1.6M+12.9% | $1.4M |
| Total liabilities | $94.0M-25.4% | $126.0M-68.8% | $403.5M+19.4% | $338.0M |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2025 and 2024; no shares issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | $0 | $0 |
| Common stock, $0.001 par value; 360,000,000 shares authorized at December 31, 2025 and 2024, respectively; 9,556,446 and 8,650,227 shares issued and outstanding at December 31, 2025 and 2024, respectively | $10K+11.1% | $9K-93.3% | $135K+8.0% | $125K |
| Additional paid-in capital | $1.02B+2.5% | $991.7M+6.3% | $933.2M+6.6% | $875.2M |
| Accumulated deficit | -$972.4M+0.6% | -$978.1M+0.0% | -$978.2M-13.2% | -$864.5M |
| Total stockholders' equity | $44.2M+220.8% | $13.8M+130.7% | -$44.9M-516.0% | $10.8M |
| Total liabilities and stockholders' equity | $138.2M-1.2% | $139.8M-61.0% | $358.6M+2.8% | $348.8M |
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.