Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 99,647	$ 89,130
Marketable securities	517,929	765,295
Accounts receivable, net	20,112	10,577
Inventory	30,152	32,920
Contract assets	4,104	0
Prepaid expenses and other current assets	45,724	44,130
Total current assets	717,668	942,052
Marketable securities	347,254	310,013
Operating lease assets	23,875	30,454
Property and equipment, net	9,946	10,775
Other non-current assets	9,681	3,931
Total assets	1,108,424	1,297,225
Current liabilities:
Accounts payable	16,345	18,355
Accrued expenses	34,647	45,459
Operating lease liabilities	19,225	18,392
Total current liabilities	70,217	82,206
Operating lease liabilities, net of current portion	11,946	21,815
Other non-current liabilities	240	90
Total liabilities	82,403	104,111
Stockholders’ equity:
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value; 125,000,000 shares authorized; 75,821,241 shares issued and 59,604,830 outstanding at June 30, 2026, and 74,665,003 shares issued and 58,448,592 outstanding at December 31, 2025	76	75
Additional paid-in capital	2,591,745	2,555,037
Accumulated other comprehensive (loss) income	(1,795)	2,193
Accumulated deficit	(761,519)	(561,705)
Treasury stock, at cost (16,216,411 shares at June 30, 2026 and December 31, 2025)	(802,486)	(802,486)
Total stockholders’ equity	1,026,021	1,193,114
Total liabilities and stockholders’ equity	$ 1,108,424	$ 1,297,225

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).