v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 37,599 $ 33,901
Marketable securities, available-for-sale 249,041 318,009
Marketable equity securities 16,791 19,174
Contracts receivable 0 5,000
Prepaid expenses and other current assets 8,165 9,982
Total current assets 311,596 386,066
Property and equipment, net 3,087 4,699
Operating lease right-of-use assets 31,175 32,528
Prepaid expenses and other assets 3,222 4,417
Restricted cash 2,627 2,627
Total assets 351,707 430,337
Current liabilities    
Accounts payable 3,719 7,438
Accrued expenses 35,303 45,287
Total current liabilities 39,022 52,725
Long-term lease liability 37,690 39,577
Other long-term liabilities 500 849
Total liabilities 77,212 93,151
Commitments and contingencies
EQUITY    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 250,000,000 shares authorized; 72,135,453 and 71,282,400 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 72 71
Additional paid-in capital 1,403,912 1,390,952
Accumulated other comprehensive income 59 558
Accumulated deficit (1,129,548) (1,054,395)
Total stockholders’ equity 274,495 337,186
Total liabilities and stockholders’ equity $ 351,707 $ 430,337