v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 84,535 $ 167,202
Marketable securities 217,628 255,418
Accounts receivable, net 13,013 24,026
Accounts receivable - related parties 0 229
Prepaid expenses and other current assets (includes $4,444 and zero from related parties) 17,359 24,963
Total current assets 332,535 471,838
Restricted cash and cash equivalents, non-current 84,565 38,138
Property, plant and equipment, net 157,185 167,371
Operating lease right-of-use assets 347,661 360,918
Investments 14,775 15,066
Equity method investments 7,615 0
Intangible assets, net 44,387 53,482
Other non-current assets 1,323 9,029
Assets held for sale 0 3,854
Total assets 990,046 1,119,696
Current liabilities:    
Accounts payable 9,575 10,566
Deferred revenue (includes $98 and $98 from related parties) 13,214 18,946
Accrued expenses and other current liabilities (includes $2,513 and zero from related parties) 49,951 66,458
Total current liabilities 72,740 95,970
Non-current liabilities:    
Deferred revenue, net of current portion (includes $64,810 and $64,787 from related parties) 76,537 75,182
Operating lease liabilities, non-current 404,113 417,078
Other non-current liabilities 16,372 22,876
Total liabilities 569,762 611,106
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; none issued 0 0
Common stock, $0.0001 par value (Note 8) 6 6
Additional paid-in capital 6,698,945 6,657,053
Accumulated deficit (6,279,617) (6,150,320)
Accumulated other comprehensive income 950 1,851
Total stockholders’ equity 420,284 508,590
Total liabilities and stockholders’ equity $ 990,046 $ 1,119,696