v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 278,729 $ 232,185
Short-term investments 249,864 228,753
Restricted cash and cash equivalents, current 1,929 1,922
Equity investments 4,133 6,077
Prepaid expenses and other current assets 39,084 45,143
Total current assets 573,739 514,080
Intangible assets, net 7,702 7,850
Goodwill 16,937 16,937
Property and equipment, net 50,430 55,620
Operating right-of-use assets 59,391 62,099
Restricted cash and cash equivalents, noncurrent 6,944 6,963
Long-term investments 475,016 314,575
Other assets 24,647 24,699
TOTAL ASSETS 1,214,806 1,002,823
CURRENT LIABILITIES:    
Accounts payable 17,754 9,803
Accrued and other liabilities 77,207 83,012
Total current liabilities 94,961 92,815
Operating lease liabilities, noncurrent 84,137 89,054
Contingent consideration obligation, noncurrent 34,340 34,100
Other long-term liabilities 18,875 21,578
TOTAL LIABILITIES 232,313 237,547
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 169,185,671 and 139,474,954 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 17 14
Additional paid-in capital 2,230,464 1,965,090
Accumulated other comprehensive loss (4,602) (2,057)
Accumulated deficit (1,243,386) (1,197,771)
TOTAL STOCKHOLDERS’ EQUITY 982,493 765,276
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,214,806 $ 1,002,823