Filing excerpt
We have incurred net losses in all periods since we began operations and we may not achieve or maintain profitability in the future. We experienced net losses of $102.3 million, $78.8 million, and $183.9 million for the years ended December 31, 2025, 2024, and 2023, respectively, and as of December 31, 2025, we had an accumulated deficit of $1,204.9 million.