v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 102,870 $ 205,326
Short-term marketable securities 413,326 662,553
Accounts receivable, net 18,882 0
Inventory 26,275 0
Prepaid expenses and other current assets 30,355 32,779
Total current assets 591,708 900,658
Long-term marketable securities 491,376 98,322
Property and equipment, net 47,907 52,402
Finance lease right-of-use asset 45,784 48,531
Operating lease right-of-use asset 15,612 19,002
Intangible asset, net 34,500 0
Other non-current assets 29,148 25,939
Total assets 1,256,035 1,144,854
Current liabilities:    
Accounts payable 13,700 505
Accrued expenses and other current liabilities 81,558 97,846
Total current liabilities 95,258 98,351
Operating lease liability, less current portion 19,280 27,210
Finance lease liability, less current portion 5,449 5,532
Liability related to the revenue participation right agreement 209,661 0
Total liabilities 329,648 131,093
Commitments and contingencies (Note 10)
Stockholders' equity:    
Convertible preferred stock, $0.01 par value; 40,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 0 shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 160,257,940 shares and 156,182,177 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 1,929 1,888
Additional paid-in capital 3,168,215 3,062,715
Accumulated other comprehensive income (loss) (6,359) 682
Accumulated deficit (2,237,398) (2,051,524)
Total stockholders' equity 926,387 1,013,761
Total liabilities and stockholders’ equity $ 1,256,035 $ 1,144,854