v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue      
Total revenue $ 147,172 $ 125,595 $ 93,105
Costs and operating expenses      
Cost of revenue — amortization of intangible assets 133,889 133,889 133,889
Research and development [1] 195,794 322,380 338,745
Sales and marketing 116,693 153,958 162,292
General and administrative [2] 159,103 213,862 200,268
Goodwill and intangible assets impairment 28,000 1,420,936 718,466
Total costs and operating expenses 709,335 2,314,753 1,608,487
Loss from operations (562,163) (2,189,158) (1,515,382)
Other income      
Interest income 28,652 26,733 7,954
Other income (expense), net (993) 64 (208)
Total other income, net 27,659 26,797 7,746
Loss before income taxes (534,504) (2,162,361) (1,507,636)
Benefit from income taxes 126,153 135,356 41,951
Net loss $ (408,351) $ (2,027,005) $ (1,465,685)
Net loss per share      
Net loss per share— Basic (in dollars per share) $ (11.11) $ (63.54) $ (47.21)
Net loss per share—Diluted (in dollars per share) $ (11.11) $ (63.54) $ (47.21)
Weighted-average shares of common stock used in computing net loss per share—basic (in shares) 36,753,751 31,901,259 31,049,148
Weighted-average shares of common stock used in computing net loss per share—diluted (in shares) 36,753,751 31,901,259 31,049,148
Screening revenue      
Revenue      
Total revenue [3] $ 138,601 $ 108,627 $ 74,999
Costs and operating expenses      
Cost of revenue [4] 73,251 63,284 47,966
Development Services      
Revenue      
Total revenue 8,571 16,968 18,106
Costs and operating expenses      
Cost of revenue [5] $ 2,605 $ 6,444 $ 6,861
[1] Includes related party research and development expenses of $3,306, $18,843 and $19,508, respectively.
[2] Includes related party general and administrative expenses of nil, $104 and $206, respectively.
[3] Includes related party screening revenue of $208, $460 and $652, respectively.
[4] Includes related party cost of screening revenue of $4,617, $13,091 and $8,532, respectively.
[5] Includes related party cost of development services revenue of $275, $637 and $238, respectively.