v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 113,907 $ 57,217
Marketable securities 59,398 132,696
Accounts receivable 24,597 427
Other receivable 119,576 0
Prepaid expenses and other current assets 4,209 7,224
Total current assets associated with discontinued operations (Note 11) 0 22,377
Total current assets 321,687 219,941
Property, equipment and software, net 2,387 2,103
Operating lease right-of-use assets 21,140 21,780
Other non current assets 195 207
Total non current assets associated with discontinued operations (Note 11) 0 12,815
Total assets 345,409 256,846
Current liabilities:    
Accounts payable 3,442 3,258
Accrued expenses and other current liabilities 29,902 22,061
Deferred revenue 55,503 1,276
Lease liabilities 4,976 4,905
Liability related to future royalties 14,992 0
Total current liabilities associated with discontinued operations (Note 11) 0 11,615
Total current liabilities 108,815 43,115
Liability related to future royalties, net of current portion 163,155 70,000
Deferred revenue, net of current portion 0 55,503
Lease liabilities, net of current portion 30,116 30,601
Other non current liabilities 450 1,052
Total non current liabilities associated with discontinued operations (Note 11) 0 984
Total liabilities 302,536 201,255
Stockholders' equity:    
Common stock, $0.01 par value -- 125,000,000 shares authorized, 63,645,711 and 63,318,613 shares outstanding at June 30, 2026 and December 31, 2025, respectively 637 633
Additional paid-in capital 1,303,848 1,299,264
Accumulated other comprehensive income (loss) (15) 32
Accumulated deficit (1,261,597) (1,244,338)
Total stockholders' equity 42,873 55,591
Total liabilities and stockholders' equity $ 345,409 $ 256,846