v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 106,128 $ 155,464
Marketable securities 331,631 294,420
Accounts receivable 7,321 9,468
Prepaid expenses and other current assets 82,752 68,359
Total current assets 527,832 527,711
Marketable securities - noncurrent 190,595 155,250
Property and equipment, net 15,058 17,671
Operating lease right-of-use assets 85,954 105,955
Investments and other assets 37,725 35,540
Total assets 857,164 842,127
Current liabilities:    
Accounts payable 11,714 20,252
Accrued expenses 44,334 49,862
Current portion of operating lease liability 23,344 26,480
Current portion of deferred revenue 0 7,290
Total current liabilities 79,392 103,884
Long-term operating lease liability 50,066 66,849
Total liabilities 129,458 170,733
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.0001 par value; 240,000,000 shares authorized at June 30, 2026 and December 31, 2025; 140,018,200 and 116,317,060 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 14 12
Additional paid-in capital 3,521,681 3,260,444
Accumulated other comprehensive income (1,030) 1,032
Accumulated deficit (2,792,959) (2,590,094)
Total stockholders’ equity 727,706 671,394
Total liabilities and stockholders' equity $ 857,164 $ 842,127