v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 209,862 $ 168,074
Prepaid expenses and other current assets 4,954 3,862
Total current assets 214,816 171,936
Restricted cash 6,184 6,184
Property and equipment, net 85,258 102,222
Operating lease right-of-use asset 36,606 46,508
Other assets 8,669 8,728
Total assets 351,533 335,578
Current liabilities:    
Accounts payable 12,863 3,915
Accrued and other current liabilities 20,607 11,030
Operating lease liability 12,063 10,628
Total current liabilities 45,533 25,573
Long-term operating lease liability 47,117 59,717
Liability related to sale of future royalties 100,000 100,000
Long-term deposit 1,500 0
Total liabilities 194,150 185,290
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value -10,000,000 shares authorized; none issued 0 0
Common stock, $0.0001 par value -490,000,000 shares authorized; 61,758,454 and 52,726,916 shares issued and outstanding, respectively 6 5
Additional paid-in capital 1,716,082 1,479,021
Accumulated deficit (1,558,705) (1,328,738)
Total stockholders’ equity 157,383 150,288
Total liabilities and stockholders’ equity $ 351,533 $ 335,578