v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 951.1 $ 1,021.5
Restricted cash 7.3 7.3
Short-term investments 824.8 943.2
Prepaid expenses 58.1 47.3
Other current assets 58.5 56.8
Total current assets 1,899.8 2,076.1
Property and equipment, net 278.6 253.6
Intangible assets, net 81.6 80.2
Right-of-use assets 39.3 40.8
Goodwill 2.4 0.1
Other long-term assets 21.1 15.1
Total assets 2,322.8 2,465.9
Current liabilities    
Accounts payable 25.4 30.2
Current portion of lease liabilities 4.7 5.3
Accrued expenses and other current liabilities 73.7 68.1
Current portion of debt 1.4 0.8
Total current liabilities 105.2 104.4
Debt, net of current portion 78.8 79.5
Lease liabilities, net of current portion 36.9 36.3
Warrant liabilities 7.1 29.9
Other long-term liabilities 15.4 13.0
Total liabilities 243.4 263.1
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025. 0.0 0.0
Class A common stock, $0.0001 par value; 1,400,000,000 shares authorized; 757,911,866 and 744,046,194 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 0.1 0.1
Additional paid-in capital 4,604.0 4,507.9
Accumulated deficit (2,521.5) (2,303.8)
Accumulated other comprehensive loss (3.2) (1.4)
Total stockholders’ equity 2,079.4 2,202.8
Total liabilities and stockholders’ equity $ 2,322.8 $ 2,465.9