v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 125,903 $ 209,862
Prepaid expenses and other current assets 5,455 4,954
Total current assets 131,358 214,816
Restricted cash 6,184 6,184
Property and equipment, net 78,308 85,258
Operating lease right-of-use asset 32,299 36,606
Other assets 8,662 8,669
Total assets 256,811 351,533
Current liabilities:    
Accounts payable 12,639 12,863
Accrued and other current liabilities 30,320 20,607
Operating lease liability 9,811 12,063
Total current liabilities 52,770 45,533
Long-term operating lease liability 42,945 47,117
Liability related to sale of future royalties 100,000 100,000
Long-term deposit 0 1,500
Total liabilities 195,715 194,150
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value - 10,000,000 shares authorized; none issued 0 0
Common stock, $0.0001 par value - 490,000,000 shares authorized; 62,830,860 and 61,758,454 shares issued and outstanding, respectively 6 6
Additional paid-in capital 1,743,596 1,716,082
Accumulated deficit (1,682,506) (1,558,705)
Total stockholders’ equity 61,096 157,383
Total liabilities and stockholders’ equity $ 256,811 $ 351,533