v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 179,413 $ 41,157
Short-term marketable securities 91,286 187,640
Accounts receivable 5,930 4,638
Prepaid expenses and other current assets 21,759 15,332
Total current assets 298,388 248,767
Long-term marketable securities 51,777 41,787
Long-term prepaids and other assets 2,281 6,674
Deferred tax asset 4,354 4,707
Property and equipment, net 13,955 15,502
Operating lease right-of-use assets 13,195 15,724
Intangible assets, net 998 1,350
Goodwill 12,016 12,016
Total assets 396,964 346,527
Current liabilities:    
Accounts payable and accrued liabilities 27,458 36,346
Income tax payable 45 83
Current portion of operating lease liability 3,304 3,471
Deferred revenue 16,436 2,418
Total current liabilities 47,243 42,318
Long-term portion of operating lease liability 12,703 14,796
Deferred revenue 0 14,606
Liability related to sale of future royalties 252,631 0
Other long-term liabilities 278 278
Deferred tax liability 3,740 6,028
Total liabilities 316,595 78,026
Stockholders’ equity:    
Common stock, $0.00001 par value; 900,000,000 authorized shares at June 30, 2026 and December 31, 2025, respectively; 71,412,072 and 74,638,413 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1,133,959 1,105,176
Preferred shares, $0.00001 par value; 100,000,000 authorized shares of preferred stock, out of which, one share of preferred stock is a share of Special Voting Preferred Stock and outstanding as of June 30, 2026 and December 31, 2025 0 0
Exchangeable shares, no par value, 550,000 and 553,184 issued and outstanding shares at June 30, 2026 and December 31, 2025, respectively 7,892 7,938
Additional paid-in capital 116,450 114,626
Accumulated other comprehensive loss (6,694) (6,079)
Accumulated deficit (1,171,238) (953,160)
Total stockholders’ equity 80,369 268,501
Total liabilities and stockholders’ equity $ 396,964 $ 346,527