v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 219,825 $ 294,944
Marketable securities 933,102 950,266
Prepaid expenses and other current assets 25,668 23,478
Total current assets 1,178,595 1,268,688
Property and equipment, net 97,606 104,500
Restricted cash 6,711 6,676
Operating lease right-of-use assets 95,586 100,679
Other assets 7,857 634
Total assets 1,386,355 1,481,177
Current liabilities:    
Accounts payable 13,099 10,231
Accrued expenses and other current liabilities 40,406 55,267
Current portion of derivative liabilities 9,400 7,700
Current portion of deferred revenue 0 6,659
Current portion of lease liability 15,207 14,364
Current portion of contingent consideration liabilities 2,771 2,714
Total current liabilities 80,883 96,935
Long-term lease liability 131,893 139,759
Long-term portion of contingent consideration liabilities 5,586 5,952
Long-term portion of debt 100,258
Other liabilities 293 173
Total liabilities 318,913 242,819
Commitments and contingencies (See Note 7, License and other agreements and Note 8, Collaboration agreements)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at June 30, 2026 and December 31, 2025, respective
Common stock, $0.01 par value; 250,000,000 shares authorized, 103,264,636 and 101,748,962 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1,033 1,017
Additional paid-in capital 2,926,813 2,877,449
Accumulated other comprehensive (loss) income (2,189) 1,111
Accumulated deficit (1,858,215) (1,641,219)
Total stockholders' equity 1,067,442 1,238,358
Total liabilities and stockholders' equity $ 1,386,355 $ 1,481,177