| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $212.4M+113.2% | $99.6M-3.1% | $102.8M-33.9% | $155.6M+267.8% | $42.3M-7.8% | $45.9M+84.7% | $24.8M |
| Marketable securities | $662.3M+7.2% | $618.0M+65.0% | $374.5M+39.3% | $269.0M+73.9% | $154.7M | — | — |
| Prepaid expenses and other current assets | $19.6M-6.2% | $20.9M+131.8% | $9.0M+38.1% | $6.5M+137.4% | $2.7M+39.3% | $2.0M-31.9% | $2.9M |
| Total current assets | $894.2M+21.1% | $738.5M+51.8% | $486.5M+12.8% | $431.2M+115.4% | $200.2M+54.4% | $129.6M+335.8% | $29.7M |
| Property and equipment, net | $1.2M-0.6% | $1.2M-26.1% | $1.7M+26.1% | $1.3M+253.6% | $375K+21.4% | $309K-40.9% | $523K |
| Operating lease right-of-use assets | $2.4M+9.8% | $2.2M+32.0% | $1.7M+3.7% | $1.6M-4.2% | $1.7M+251.5% | $478K | — |
| Other assets | $1.5M+206.6% | $501K-17.1% | $604K-38.5% | $982K-34.1% | $1.5M+149000.0% | $1K | $0 |
| Total assets | $899.4M+21.1% | $742.4M+51.4% | $490.4M+12.7% | $435.1M+113.6% | $203.7M+55.2% | $131.3M+333.7% | $30.3M |
| Accounts payable | $8.7M+305.2% | $2.1M-4.3% | $2.2M-84.3% | $14.2M+511.2% | $2.3M+247.6% | $670K-38.9% | $1.1M |
| Total accrued liabilities | $62.0M+35.6% | $45.7M+89.7% | $24.1M+28.1% | $18.8M+70.9% | $11.0M+13.6% | $9.7M+90.0% | $5.1M |
| Total current liabilities | $70.7M+47.7% | $47.9M+79.7% | $26.6M-20.1% | $33.3M+144.6% | $13.6M+27.7% | $10.7M+4.9% | $10.2M |
| Long-term debt, net | $49.9M+142.6% | $20.6M+1.9% | $20.2M+335.0% | $4.6M | $0 | — | — |
| Derivative liability | $20.0M | $0 | — | — | — | — | — |
| Liability related to the sale of future revenue, net | $34.2M | $0 | — | — | — | — | — |
| Other liabilities | $2.3M+1.4% | $2.3M+133.4% | $989K-15.6% | $1.2M-3.0% | $1.2M+2709.3% | $43K | $0 |
| Total liabilities | $177.3M+150.5% | $70.8M+46.2% | $48.4M+20.9% | $40.0M+150.3% | $16.0M+42.6% | $11.2M-22.7% | $14.5M |
| Common stock, $0.01 par value; 200,000,000 shares authorized; 101,826,500 and 80,994,046 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $1.0M+25.7% | $810K+50.0% | $540K+30.4% | $414K+73.2% | $239K+469.0% | $42K+82.6% | $23K |
| Additional paid-in capital | $1.93B+30.4% | $1.48B+53.9% | $960.5M+29.6% | $741.1M+79.8% | $412.1M+89.0% | $218.1M+18.6% | $183.9M |
| Accumulated other comprehensive income (loss) | $447K+4570.0% | -$10K-103.0% | $338K+186.7% | -$390K-148.4% | -$157K-1862.5% | -$8K | $0 |
| Accumulated deficit | -$1.34B-34.4% | -$995.9M-37.2% | -$725.9M-48.7% | -$488.2M-36.2% | -$358.3M-28.5% | -$278.9M-65.8% | -$168.2M |
| Total stockholders’ equity | $722.2M+7.5% | $671.6M+51.9% | $442.0M+11.9% | $395.1M+110.5% | $187.7M+56.4% | $120.0M+661.9% | $15.8M |
| Total liabilities and stockholders’ equity | $899.4M+21.1% | $742.4M+51.4% | $490.4M+12.7% | $435.1M+113.6% | $203.7M+55.2% | $131.3M+333.7% | $30.3M |
| Series A Convertible Preferred Stock | |||||||
| Preferred stock | $70.9M-44.5% | $127.7M-0.5% | $128.3M+126.3% | $56.7M+261.7% | $15.7M | $0 | $0 |
| Series B Convertible Preferred Stock | |||||||
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.