v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 282,132 $ 281,967
Marketable securities 868,205 568,773
Prepaid expenses and other current assets 25,127 27,409
Total current assets 1,175,464 878,149
Property and equipment, net 108,824 111,412
Restricted cash 6,633 8,144
Operating lease right-of-use assets 99,568 104,865
Other assets 668 1,254
Total assets 1,391,157 1,103,824
Current liabilities:    
Accounts payable 10,556 3,871
Accrued expenses and other current liabilities 40,904 47,468
Current portion of derivative liabilities 3,900 8,400
Current portion of deferred revenue 105,822 108,858
Current portion of lease liability 12,949 13,469
Total current liabilities 174,131 182,066
Long-term lease liability 141,854 147,956
Contingent consideration liabilities 1,186 1,131
Long-term portion of deferred revenue 20,319 33,218
Long-term portion of derivative liabilities 6,497 5,404
Other liabilities 357 504
Total liabilities 344,344 370,279
Commitments and contingencies (See Note 7, License agreements and Note 8, Collaboration and license agreements)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at June 30, 2025 and December 31, 2024, respective
Common stock, $0.01 par value; 250,000,000 shares authorized, 100,758,748 and 83,633,069 issued and outstanding at and June 30, 2025 and December 31, 2024, respectively 1,008 836
Additional paid-in capital 2,823,987 2,298,661
Accumulated other comprehensive (loss) income 10 679
Accumulated deficit (1,778,192) (1,566,631)
Total stockholders' equity 1,046,813 733,545
Total liabilities and stockholders' equity $ 1,391,157 $ 1,103,824