| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $63.0M-65.5% | $182.5M+338.9% | $41.6M-77.8% | $187.6M+1.2% | $185.4M |
| Prepaid expenses | $2.9M-56.6% | $6.8M-64.4% | $19.1M+677.5% | $2.5M | — |
| Other current assets | $674K-95.4% | $14.7M+550.7% | $2.3M+816.3% | $246K | — |
| Total current assets | $181.3M-14.4% | $211.9M+48.2% | $143.0M-51.8% | $296.6M+9.6% | $270.6M |
| Property and equipment, net | $20.6M-15.7% | $24.4M+7.7% | $22.7M+19.2% | $19.0M+285.4% | $4.9M |
| Operating lease right-of-use assets | $126.2M+167.6% | $47.2M+238.3% | $13.9M-52.8% | $29.5M+174.9% | $10.7M |
| Restricted cash | $13.7M-2.6% | $14.1M+4.2% | $13.5M+0.0% | $13.5M+2.8% | $13.1M |
| Other assets | $1.0M | $0-100.0% | $779K-52.7% | $1.6M-33.5% | $2.5M |
| Total assets | $342.7M+15.2% | $297.5M+53.5% | $193.9M-46.2% | $360.3M+19.4% | $301.9M |
| Accounts payable | $8.9M-21.7% | $11.4M-41.9% | $19.5M+351.0% | $4.3M+201.9% | $1.4M |
| Accrued expenses and other current liabilities | $12.6M-20.8% | $15.9M+5201.3% | $300K-97.2% | $10.7M-71.3% | $37.2M |
| Deferred revenue — related party | $7.8M+10.3% | $7.1M | — | — | — |
| Operating lease liability | $8.1M+125.2% | $3.6M-61.0% | $9.3M-20.7% | $11.7M+59.4% | $7.3M |
| Total current liabilities | $37.4M-1.4% | $38.0M-32.7% | $56.4M+111.2% | $26.7M-53.9% | $58.0M |
| Deferred revenue, net of current — related party | $58.1M-8.1% | $63.2M | — | — | — |
| Operating lease liability, net of current | $108.3M+191.3% | $37.2M+753.3% | $4.4M-74.4% | $17.1M+455.4% | $3.1M |
| Research and development funding liability | $18.0M+200.0% | $6.0M | — | — | — |
| Total liabilities | $221.9M+53.7% | $144.4M+137.5% | $60.8M+38.0% | $44.0M-29.3% | $62.3M |
| Common stock, par value of $0.00001 per share; 775,000,000 shares authorized; 180,514,014 and 131,160,842 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $2000.00+0.0% | $2000.00+0.0% | $2000.00+0.0% | $2000.00 | $0.00 |
| Additional paid-in capital | $1.01B+20.1% | $840.4M+34.6% | $624.4M+2.4% | $609.8M+3922.0% | $15.2M |
| Accumulated other comprehensive income | $82K+8100.0% | $1K+106.7% | -$15K+96.1% | -$384K-1322.2% | -$27K |
| Accumulated deficit | -$888.4M-29.3% | -$687.2M-39.9% | -$491.3M-67.6% | -$293.2M-71.1% | -$171.4M |
| Total stockholders’ equity | $120.9M-21.1% | $153.1M+15.1% | $133.1M-57.9% | $316.3M+302.4% | -$156.2M |
| Total liabilities and stockholders’ equity | $342.7M+15.2% | $297.5M+53.5% | $193.9M-46.2% | $360.3M+19.4% | $301.9M |
| Nonrelated Party | |||||
| Short-term investments | $0-100.0% | $5.0M-8.9% | $5.5M-30.4% | $7.8M-88.5% | $68.2M |
| Related Party | |||||
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.