v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 83,800 $ 71,870
Marketable securities 17,336 66,512
Restricted cash 4,195 4,195
Prepaid expenses and other current assets 6,359 6,099
Total current assets 111,690 148,676
Property and equipment, net 25,673 26,906
Operating lease right-of-use assets 35,845 38,313
Intangible asset 59,195 59,195
Goodwill 140,627 140,627
Other non-current assets 563 3,173
TOTAL ASSETS 373,593 416,890
Current liabilities:    
Accounts payable 2,123 1,669
Accrued compensation 7,584 13,240
Accrued expenses and other current liabilities 8,124 8,679
Operating lease liabilities 14,878 14,938
Contingent consideration 53,556 40,200
Total current liabilities 86,265 78,726
Operating lease liabilities, net of current portion 60,450 63,924
Contingent consideration, net of current portion 80,907 83,518
Success payment liabilities 16,926 19,238
Other non-current liabilities 9,805 10,600
Total liabilities 254,353 256,006
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.0001 par value; 750,000 shares authorized; 269,817 and 266,732 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 27 27
Additional paid-in capital 2,015,441 2,009,845
Accumulated other comprehensive income (loss) (2) 28
Accumulated deficit (1,896,226) (1,849,016)
Total stockholders' equity 119,240 160,884
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 373,593 $ 416,890