v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 154,108 $ 178,689
Marketable securities 97,581 111,421
Prepaid expenses and other current assets 3,147 2,612
Total current assets 254,836 292,722
Property and equipment, net 8,351 7,242
Right-of-use assets 62,736 64,357
Restricted cash 5,031 5,031
Long-term deposit and other assets 1,755 1,766
Total assets 332,709 371,118
Current liabilities:    
Accounts payable 4,966 4,278
Accrued expenses and other current liabilities 9,607 15,410
Operating lease liability, current portion 4,971 4,570
Deferred revenue, current portion 10,272 11,698
Total current liabilities 29,816 35,956
Deferred revenue, net of current portion 501 1,246
Operating lease liability, net of current portion 59,884 60,739
Long-term debt and accrued interest 32,182 32,072
Other long term liabilities 124 135
Total liabilities 122,507 130,148
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Additional paid-in capital 619,423 616,009
Accumulated other comprehensive loss (4) 51
Accumulated deficit (409,223) (375,096)
Total stockholders' equity 210,202 240,970
Total liabilities and stockholders' equity 332,709 371,118
Voting Common Stock    
Stockholders' equity:    
Common stock 5 5
Non-voting Common Stock    
Stockholders' equity:    
Common stock $ 1 $ 1