v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 90,770 $ 60,181
Marketable securities 163,253 187,039
Prepaid expenses and other current assets 13,281 13,719
Total current assets 267,304 260,939
Restricted cash 1,586 1,585
Marketable securities, non-current 6,954 0
Other investments 19,000 19,000
Property and equipment, net 32,720 34,771
Operating lease right-of-use assets 17,828 18,871
Other non-current assets 5,234 4,886
Total assets 350,626 340,052
Current liabilities:    
Accounts payable 5,468 2,893
Accrued liabilities and other current liabilities 31,479 46,519
Total current liabilities 36,947 49,412
Operating lease liabilities, non-current 39,487 41,921
Other non-current liabilities 527 517
Total liabilities 76,961 91,850
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized at March 31, 2026 and December 31, 2025; no shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, value, issued 2 2
Additional paid-in capital 1,917,379 1,867,512
Accumulated other comprehensive (loss) income (9) 242
Accumulated deficit (1,643,707) (1,619,554)
Total stockholders’ equity 273,665 248,202
Total liabilities and stockholders’ equity $ 350,626 $ 340,052