v3.25.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 104,165 $ 168,074
Prepaid expenses and other current assets 3,754 3,862
Total current assets 107,919 171,936
Restricted cash 6,184 6,184
Property and equipment, net 93,433 102,222
Operating lease right-of-use asset 40,529 46,508
Other assets 8,660 8,728
Total assets 256,725 335,578
Current liabilities:    
Accounts payable 5,057 3,915
Accrued and other current liabilities 14,666 11,030
Operating lease liability 11,288 10,628
Total current liabilities 31,011 25,573
Long-term operating lease liability 53,924 59,717
Liability related to sale of future royalties 100,000 100,000
Long-term deposit 1,500 0
Total liabilities 186,435 185,290
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 0 0
Common stock, $0.0001 par value, 490,000,000 shares authorized; 52,821,689 and 52,726,916 shares issued and outstanding , respectively 5 5
Additional paid-in capital 1,510,797 1,479,021
Accumulated deficit (1,440,512) (1,328,738)
Total stockholders’ equity 70,290 150,288
Total liabilities and stockholders’ equity $ 256,725 $ 335,578