v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 105,571 $ 131,549
Marketable securities 866,355 598,643
Prepaid expenses and other current assets 19,807 11,166
Total current assets 991,733 741,358
Long-term marketable securities 321,943 172,730
Property and equipment, net 4,822 5,688
Right-of-use asset, net 6,708 8,687
Other non-current assets 10,607 8,671
Total assets 1,335,813 937,134
Current liabilities:    
Accounts payable 3,080 1,221
Lease liability 2,365 3,504
Accrued expenses and other current liabilities 32,065 23,181
Total current liabilities 37,510 27,906
Long-term liabilities:    
Lease liability, net of current 4,468 5,345
Revenue share liability 99,231  
Total liabilities 141,209 33,251
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common Stock; $0.00001 par value, 400,000,000 authorized, 75,611,894 issued and 75,339,499 outstanding as of June 30, 2026; 400,000,000 authorized, 69,038,943 issued and 68,401,349 outstanding as of December 31, 2025 1 1
Additional paid-in capital 1,918,830 1,464,561
Accumulated other comprehensive (loss) income (2,503) 1,080
Accumulated deficit (721,724) (561,759)
Total stockholders' equity 1,194,604 903,883
Total liabilities and stockholders' equity $ 1,335,813 $ 937,134