v3.26.3
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2026
Nov. 30, 2025
Current assets:    
Cash and cash equivalents $ 720,242 $ 246,960
Marketable securities, current 328,013 345,981
Accounts receivable 20,000 0
Prepaid expenses and other current assets 35,437 13,878
Total current assets 1,103,692 606,819
Marketable securities, non‑current 14,832 0
Operating lease right-of-use assets 48,631 50,517
Property and equipment, net 19,407 22,490
Restricted cash 782 968
Other assets 7,954 7,341
Total assets 1,195,298 688,135
Current liabilities:    
Accounts payable 32,984 11,215
Accrued expenses and other current liabilities 63,674 54,852
Operating lease liabilities, current 3,241 2,824
Deferred revenue, current 8,610 17,580
Deferred collaboration funding, current 22,233 0
Total current liabilities 130,742 86,471
Operating lease liabilities, net of current portion 62,091 52,906
Deferred revenue, net of current portion 10,778 10,011
Deferred collaboration funding, net of current portion 23,376 0
Total liabilities 226,987 149,388
Commitments and contingencies (Note 6)
Stockholdersʼ equity:    
Preferred stock, $0.001 par value— 10,000,000 shares authorized as of August 31, 2026 and November 30, 2025; no shares issued and outstanding as of August 31, 2026 and November 30, 2025 0 0
Common stock, $0.001 par value— 500,000,000 shares authorized as of August 31, 2026 and November 30, 2025; 109,200,394 and 101,807,484 shares issued and outstanding as of August 31, 2026 and November 30, 2025, respectively 109 102
Additional paid-in capital 1,598,540 1,541,766
Accumulated other comprehensive income (loss) (210) 105
Accumulated deficit (630,128) (1,003,226)
Total stockholdersʼ equity 968,311 538,747
Total liabilities and stockholdersʼ equity $ 1,195,298 $ 688,135