v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30,309 $ 51,688
Short-term investments 236,577 198,522
Prepaid expenses and other current assets 6,407 7,539
Total current assets 273,293 257,749
Long-term investments 0 8,043
Operating lease right-of-use asset 38,819 39,888
Property and equipment, net 70,023 72,839
Deposit placed in escrow 0 23,479
Restricted cash 10,292 10,292
Other long-term assets 3,531 3,615
Total assets 395,958 415,905
Current liabilities:    
Accounts payable 4,933 4,270
Accrued and other current liabilities 23,397 28,244
Total current liabilities 28,330 32,514
Lease liability, noncurrent 72,633 75,045
Other long-term liabilities 16,120 15,804
Total liabilities 117,083 123,363
Commitments and Contingencies (Notes 6 and 7)
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares were issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value: 400,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 244,816,413 and 229,413,523 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 245 229
Additional paid-in capital 2,332,129 2,302,753
Accumulated deficit (2,053,316) (2,010,709)
Accumulated other comprehensive income (loss) (183) 269
Total stockholders’ equity 278,875 292,542
Total liabilities and stockholders’ equity $ 395,958 $ 415,905