v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 127,470 $ 145,691
Marketable securities 878,128 972,611
Prepaid expenses and other current assets 14,012 14,146
Total current assets 1,019,610 1,132,448
Other assets 20,933 9,304
Total assets 1,040,543 1,141,752
Current liabilities:    
Accounts payable 13,342 5,225
Accrued expenses and other current liabilities 61,805 48,795
Total current liabilities 75,147 54,020
Related party revenue share liability 25,410 17,940
Other liabilities 244 0
Total liabilities 100,801 71,960
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Additional paid-in capital 1,669,658 1,616,895
Accumulated other comprehensive income (loss) 1,363 (59)
Accumulated deficit (731,287) (547,052)
Total stockholders' equity 939,742 1,069,792
Total liabilities and stockholders' equity 1,040,543 1,141,752
Common Class A [Member]    
Stockholders' equity:    
Common stock 7 7
Class B Convertible Common Stock [Member]    
Stockholders' equity:    
Common stock $ 1 $ 1