v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 288,291 $ 294,944
Marketable securities 923,361 950,266
Prepaid expenses and other current assets 55,301 23,478
Total current assets 1,266,953 1,268,688
Property and equipment, net 101,247 104,500
Restricted cash 6,693 6,676
Operating lease right-of-use assets 98,148 100,679
Other assets 7,757 634
Total assets 1,480,798 1,481,177
Current liabilities:    
Accounts payable 12,286 10,231
Accrued expenses and other current liabilities 39,291 55,267
Current portion of derivative liabilities 5,200 7,700
Current portion of deferred revenue 304 6,659
Current portion of lease liability 14,781 14,364
Current portion of contingent consideration liabilities 2,703 2,714
Total current liabilities 74,565 96,935
Long-term lease liability 135,848 139,759
Long-term portion of contingent consideration liabilities 5,449 5,952
Long-term portion of debt 100,193
Other liabilities 305 173
Total liabilities 316,360 242,819
Commitments and contingencies (See Note 7, License and other agreements and Note 8, Collaboration and license agreements)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at March 31, 2026 and December 31, 2025, respective
Common stock, $0.01 par value; 250,000,000 shares authorized, 102,741,848 and 101,748,962 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 1,027 1,017
Additional paid-in capital 2,900,018 2,877,449
Accumulated other comprehensive (loss) income (1,070) 1,111
Accumulated deficit (1,735,537) (1,641,219)
Total stockholders' equity 1,164,438 1,238,358
Total liabilities and stockholders' equity $ 1,480,798 $ 1,481,177