v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 676,114 $ 893,369
Marketable securities 222,361 217,193
Prepaid expenses and other current assets 39,414 16,025
Total current assets 937,889 1,126,587
Property and equipment, net 24,559 24,029
Right-of-use assets 20,256 20,742
Restricted cash and other assets 11,309 15,600
Total assets 994,013 1,186,958
Current liabilities:    
Accounts payable 12,153 8,082
Accrued expenses and other current liabilities 46,359 37,548
Vendor financing arrangement 14,151 0
Lease liabilities 5,366 4,995
Total current liabilities 78,029 50,625
Long-term debt, net 199,328 148,921
Lease liabilities, net of current portion 14,505 15,283
Total liabilities 291,862 214,829
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 400,000,000 and 200,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; 165,670,880 and 164,950,540 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 16 16
Additional paid-in capital 2,398,040 2,367,780
Accumulated other comprehensive (loss) gain (353) 475
Accumulated deficit (1,695,552) (1,396,142)
Total stockholders’ equity 702,151 972,129
Total liabilities and stockholders’ equity $ 994,013 $ 1,186,958