v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 55,645 $ 249,727
Short-term marketable securities 805,964 654,703
Accounts receivable, net 19,757 18,295
Supplies 17,763 16,017
Prepaid expenses and other current assets 15,593 15,107
Total current assets 914,722 953,849
Property and equipment, net 44,344 51,813
Operating lease right-of-use assets 88,911 52,070
Restricted cash 6,974 6,974
Intangible assets, net 1,781,389 1,850,556
Other non-current assets 7,346 6,753
Total assets 2,843,686 2,922,015
Current liabilities:    
Accounts payable 7,241 2,083
Accrued liabilities 64,495 63,945
Operating lease liabilities, current portion 10,698 11,715
Other current liabilities 1,108 1,927
Total current liabilities 83,542 79,670
Operating lease liabilities, net of current portion 80,611 43,148
Deferred tax liability, net 133,706 218,583
Other non-current liabilities 3,173 2,752
Total liabilities 301,032 344,153
Preferred stock, par value of $0.001 per share; 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock $0.001 par value per share, 1,500,000,000 shares authorized as of June 30, 2026 and December 31, 2025 and 44,666,234 and 40,331,360 shares issued and outstanding as of June 30, 2026 and December 31, 2025 45 40
Additional paid-in capital 12,955,884 12,786,848
Accumulated other comprehensive income 1,840 2,655
Accumulated deficit (10,415,115) (10,211,681)
Total stockholders’ equity 2,542,654 2,577,862
Total liabilities and stockholders’ equity $ 2,843,686 $ 2,922,015