Reported a net loss of $46.7 million for the three months ended March 31, 2026, compared to a $30.4 million loss in the same period of 2025. Revenue declined to $0.6 million from $13.4 million in Q1 2025, primarily due to the completion of prior-year engineering service contracts. Cash and cash equivalents and short-term investments totaled $890.1 million as of March 31, 2026. Operating cash outflow was $314.7 million, largely driven by a $259.9 million payment to ENTRA1 under the Partnership Milestones Agreement. The company maintains a strong liquidity position and believes it has sufficient capital to fund operations for the next 12 months and beyond.