v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 26,952 $ 28,871
Marketable securities 623,367 489,702
Accounts and other receivables 355 2,015
Prepaid and other current assets 13,062 14,076
Total current assets 663,736 534,664
Property and equipment, net 10,997 5,334
Operating lease right-of-use assets, net 9,922 2,437
Intangible assets 27,190 27,190
Other assets 9,686 13,358
Total assets 721,531 582,983
Current liabilities:    
Accounts payable 11,240 1,180
Accrued expenses 46,609 47,029
Current portion of operating lease liabilities 1,438 1,552
Current portion of other long-term liabilities 1,230 1,230
Total current liabilities 60,517 50,991
Long-term portion of operating lease liabilities 8,432 784
Other long-term liabilities 3,113 4,043
Total liabilities 72,062 55,818
Commitments and contingent liabilities
Stockholders' equity:    
Convertible preferred stock, $.01 par value; 3,000,000 shares authorized; no shares issued and outstanding at September 30, 2026 and December 31, 2025
Common stock, $.001 par value; 297,000,000 shares authorized; 78,534,438 and 66,549,442 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 79 67
Additional paid-in capital 2,691,445 2,337,453
Accumulated other comprehensive income (329) 3,626
Accumulated deficit (2,041,726) (1,813,981)
Total stockholders' equity 649,469 527,165
Total liabilities and stockholders' equity $ 721,531 $ 582,983