v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 38,626 $ 51,688
Short-term investments 293,978 198,522
Prepaid expenses and other current assets 7,396 7,539
Total current assets 340,000 257,749
Long-term investments 90,986 8,043
Operating lease right-of-use asset 37,739 39,888
Property and equipment, net 67,382 72,839
Deposit placed in escrow 0 23,479
Restricted cash 10,292 10,292
Other long-term assets 3,692 3,615
Total assets 550,091 415,905
Current liabilities:    
Accounts payable 5,964 4,270
Accrued and other current liabilities 25,763 28,244
Total current liabilities 31,727 32,514
Lease liability, noncurrent 70,353 75,045
Other long-term liabilities 11,836 15,804
Total liabilities 113,916 123,363
Commitments and Contingencies (Notes 6 and 7)
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares were issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value: 800,000,000 and 400,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 345,345,427 and 229,413,523 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 345 229
Additional paid-in capital 2,532,341 2,302,753
Accumulated deficit (2,095,993) (2,010,709)
Accumulated other comprehensive income (loss) (518) 269
Total stockholders’ equity 436,175 292,542
Total liabilities and stockholders’ equity $ 550,091 $ 415,905
Common stock, shares authorized (in shares) 800,000,000 400,000,000