v3.25.2
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 208,481 $ 302,078
Accounts receivable 1,617 1,422
Prepaid expenses 6,700 9,544
Other current assets 6,758 7,350
Total current assets 223,556 320,394
Long-term assets:    
Property and equipment, net of accumulated depreciation of $47,918 and $46,329 as of June 30, 2025 and December 31, 2024, respectively 9,037 10,128
Operating lease right-of-use assets 15,250 17,870
Restricted cash 3,784 3,760
Other assets 728 55
Total long-term assets 28,799 31,813
Total assets 252,355 352,207
Current liabilities:    
Accounts payable 14,664 16,262
Accrued expenses and other current liabilities 13,026 21,081
Current portion of deferred revenue 51,582 65,972
Current portion of operating lease liability 8,136 7,638
Total current liabilities 87,408 110,953
Long-term liabilities:    
Deferred revenue, net of current portion 4,232 6,099
Operating lease liability, net of current portion 13,575 17,766
Total long-term liabilities 17,807 23,865
Total liabilities 105,215 134,818
Series A preferred shares, no par value; 3,901,348 shares issued and outstanding at June 30, 2025 and December 31, 2024 7,874 7,874
Shareholders' equity    
Ordinary shares, no par value; 155,673,292 and 153,037,286 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 1,191,029 1,175,181
Additional paid-in capital 167,603 156,454
Accumulated other comprehensive loss (161) (262)
Accumulated deficit (1,219,205) (1,121,858)
Total shareholders' equity 139,266 209,515
Total liabilities, Series A preferred shares, and shareholders' equity $ 252,355 $ 352,207