v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 134,697 $ 155,464
Marketable securities 241,289 294,420
Accounts receivable 9,131 9,468
Prepaid expenses and other current assets 81,332 68,359
Total current assets 466,449 527,711
Marketable securities - noncurrent 141,261 155,250
Property and equipment, net 15,516 17,671
Operating lease right-of-use assets 97,543 105,955
Investments and other assets 38,010 35,540
Total assets 758,779 842,127
Current liabilities:    
Accounts payable 18,800 20,252
Accrued expenses 37,920 49,862
Current portion of operating lease liability 19,095 26,480
Current portion of deferred revenue 630 7,290
Total current liabilities 76,445 103,884
Long-term operating lease liability 61,395 66,849
Total liabilities 137,840 170,733
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.0001 par value; 240,000,000 shares authorized at Mrach 31, 2026 and December 31, 2025; 120,447,521 and 116,317,060 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 12 12
Additional paid-in capital 3,307,492 3,260,444
Accumulated other comprehensive income (240) 1,032
Accumulated deficit (2,686,325) (2,590,094)
Total stockholders’ equity 620,939 671,394
Total liabilities and stockholders' equity $ 758,779 $ 842,127