v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 563,864 $ 771,743
Prepayments and other receivables 30,688 24,272
Employee receivables   4,951
Marketable securities, current 175,298 62,447
Total current assets 769,850 863,413
Marketable securities, net of current portion 44,172  
Property, plant and equipment, net 312 242
Operating right of use asset 308 431
Intangible assets 470 534
Total assets 815,112 864,620
Current liabilities:    
Accounts payable 5,895 4,744
Accrued expenses and other current liabilities 9,460 13,608
Deferred revenue, current   6,008
Lease liability, current 225 246
Derivative earnout liability, current   44,798
Derivative warrant liabilities 20,932 37,514
Total current liabilities 36,512 106,918
Lease liability, net of current portion 103 202
Total liabilities 36,615 107,120
Commitments and contingencies (Note 12)
Shareholders' Equity (deficit):    
Ordinary shares 14,014 13,444
Additional paid-in capital 1,375,618 1,298,160
Accumulated loss (615,462) (558,571)
Accumulated other comprehensive income 4,327 4,467
Total shareholders' equity 778,497 757,500
Total liabilities and shareholders' equity $ 815,112 $ 864,620