v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 213,267 $ 294,944
Marketable securities 830,606 950,266
Prepaid expenses and other current assets 23,504 23,478
Total current assets 1,067,377 1,268,688
Property and equipment, net 94,040 104,500
Restricted cash 6,705 6,676
Operating lease right-of-use assets 92,994 100,679
Other assets 7,956 634
Total assets 1,269,072 1,481,177
Current liabilities:    
Accounts payable 20,145 10,231
Accrued expenses and other current liabilities 40,100 55,267
Current portion of derivative liabilities 4,700 7,700
Current portion of deferred revenue 0 6,659
Current portion of lease liability 15,645 14,364
Current portion of contingent consideration liabilities 1,486 2,714
Total current liabilities 82,076 96,935
Long-term lease liability 127,863 139,759
Long-term portion of contingent consideration liabilities 5,727 5,952
Long-term portion of debt 100,364
Other liabilities 368 173
Total liabilities 316,398 242,819
Commitments and contingencies (See Note 7, License and other agreements and Note 8, Collaboration agreements)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at September 30, 2026 and December 31, 2025, respective
Common stock, $0.01 par value; 250,000,000 shares authorized, 103,443,235 and 101,748,962 issued and outstanding at September 30, 2026 and December 31, 2025, respectively 1,034 1,017
Additional paid-in capital 2,947,694 2,877,449
Accumulated other comprehensive (loss) income (3,434) 1,111
Accumulated deficit (1,992,620) (1,641,219)
Total stockholders' equity 952,674 1,238,358
Total liabilities and stockholders' equity $ 1,269,072 $ 1,481,177