v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 119,527 $ 199,163
Marketable securities (note 5) 811,159 349,723
Other receivables 1,629 1,371
Prepaid expenses and other current assets 13,553 10,392
Total current assets 945,868 560,649
Marketable securities, long-term (note 5) 314,411 37,152
Operating lease right-of-use asset, net (note 6) 5,385 6,626
Property, plant and equipment, net 7,774 8,721
Deferred tax assets 14,361 12,864
Prepaid expenses, long-term 7,973 7,151
Total assets 1,295,772 633,163
Current liabilities:    
Accounts payable and accrued liabilities (note 7) 43,671 40,260
Operating lease liability (note 6) 1,338 1,532
Total current liabilities 45,009 41,792
Operating lease liability, long-term (note 6) 5,080 6,412
Other liabilities, long-term 3,287 3,199
Total liabilities 53,376 51,403
Shareholders’ equity:    
Common shares, without par value; unlimited shares authorized; issued and outstanding: 96,752,884 (December 31, 2025 - 80,010,790) (note 8) 2,426,619 1,598,571
Additional paid-in capital 276,851 228,234
Accumulated deficit (1,458,418) (1,245,380)
Accumulated other comprehensive income (loss) (2,656) 335
Total shareholders' equity 1,242,396 581,760
Total liabilities and shareholders’ equity 1,295,772 633,163
Commitments and contingencies (note 11)