Changes in Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Changes in Stockholders' Equity

Schedule of changes in stockholders' equity

Three and Six Months Ended June 30, 2026 and 2025 (in thousands):


											Accumulated
								Additional			Other						Total
		Common Stock						Paid-In			Comprehensive			Accumulated			Stockholders’
		Shares		Amount				Capital			Loss			Deficit			Equity
Balance, March 31, 2026		332,308		$	33		$	1,322,119		$	(706)		$	(737,848)		$	583,598
Issuance of common stock upon exercise of stock options		391			—			330			—			—			330
Issuance of common stock upon exercise of common stock warrants		6			—			138			—			—			138
Issuance of common stock upon release of restricted stock units ("RSUs")		972			—			—			—			—			—
Stock-based compensation		—			—			7,020			—			—			7,020
Foreign currency translation loss		—			—			—			(182)			—			(182)
Change in unrealized loss on available-for-sale securities		—			—			—			(864)			—			(864)
Net loss		—			—			—			—			(52,606)			(52,606)
Balance, June 30, 2026		333,677		$	33		$	1,329,607		$	(1,752)		$	(790,454)		$	537,434


										Accumulated
							Additional			Other						Total
		Common Stock					Paid-In			Comprehensive			Accumulated			Stockholders’
		Shares		Amount			Capital			Income (Loss)			Deficit			Equity
Balance, December 31, 2025		331,283		$	33		$	1,316,126		$	997		$	(770,957)		$	546,199
Issuance of common stock upon exercise of stock options		419			—			381			—			—			381
Issuance of common stock upon exercise of common stock warrants		9			—			190			—			—			190
Issuance of common stock upon release of RSUs		1,966			—			—			—			—			—
Stock-based compensation		—			—			12,910			—			—			12,910
Foreign currency translation loss		—			—			—			(573)			—			(573)
Change in unrealized loss on available-for-sale securities		—			—			—			(2,176)			—			(2,176)
Net loss		—			—			—			—			(19,497)			(19,497)
Balance, June 30, 2026		333,677		$	33		$	1,329,607		$	(1,752)		$	(790,454)		$	537,434


										Accumulated
							Additional			Other						Total
		Common Stock					Paid-In			Comprehensive			Accumulated			Stockholders’
		Shares		Amount			Capital			Income (Loss)			Deficit			Equity
Balance, March 31, 2025		286,975		$	29		$	719,315		$	(88)		$	(512,128)		$	207,128
Issuance of common stock upon exercise of stock options		1,297			—			1,116			—			—			1,116
Issuance of common stock upon exercise of common stock warrants		10			—			67			—			—			67
Issuance of common stock upon release of RSUs		2,150			—			—			—			—			—
Proceeds from sale of common stock from Quanta private placement transaction		3,020			—			35,000			—			—			35,000
Proceeds from sale of common stock through At-The-Market ("ATM") Offering		30,310			3			346,716			—			—			346,719
Capitalization of offering costs to equity upon share issuance		—			—			(888)			—			—			(888)
Stock-based compensation		—			—			3,554			—			—			3,554
Foreign currency translation gain		—			—			—			156			—			156
Change in unrealized gain on available-for-sale securities		—			—			—			65			—			65
Net loss		—			—			—			—			(39,654)			(39,654)
Balance, June 30, 2025		323,762		$	32		$	1,104,880		$	133		$	(551,782)		$	553,263


										Accumulated
							Additional			Other						Total
		Common Stock					Paid-In			Comprehensive			Accumulated			Stockholders’
		Shares		Amount			Capital			Income (Loss)			Deficit			Equity
Balance, December 31, 2024		283,547		$	29		$	681,202		$	105		$	(554,747)		$	126,589
Issuance of common stock upon exercise of stock options		1,595			—			1,443			—			—			1,443
Issuance of common stock upon exercise of common stock warrants		56			—			733									733
Issuance of common stock upon release of RSUs		5,234			—			—			—			—			—
Proceeds from sale of common stock from Quanta private placement transaction		3,020			—			35,000			—			—			35,000
Proceeds from sale of common stock through ATM Offering		30,310			3			346,716			—			—			346,719
Vesting of Promote Sponsor Vesting Shares		—			—			32,946									32,946
Capitalization of deferred offering costs to equity upon share issuance		—			—			(888)			—			—			(888)
Stock-based compensation		—			—			7,728			—			—			7,728
Foreign currency translation loss		—			—			—			(29)			—			(29)
Change in unrealized gain on available-for-sale securities		—			—			—			57			—			57
Net income		—			—			—			—			2,965			2,965
Balance, June 30, 2025		323,762		$	32		$	1,104,880		$	133		$	(551,782)		$	553,263