v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 28,976 $ 249,727
Short-term marketable securities 759,700 654,703
Accounts receivable, net 18,998 18,295
Supplies 18,475 16,017
Prepaid expenses and other current assets 16,649 15,107
Total current assets 842,798 953,849
Property and equipment, net 42,691 51,813
Operating lease right-of-use assets 84,073 52,070
Restricted cash 6,943 6,974
Intangible assets, net 1,746,806 1,850,556
Other non-current assets 7,251 6,753
Total assets 2,730,562 2,922,015
Current liabilities:    
Accounts payable 10,209 2,083
Accrued liabilities 76,305 63,945
Operating lease liabilities, current portion 6,272 11,715
Other current liabilities 1,546 1,927
Total current liabilities 94,332 79,670
Operating lease liabilities, net of current portion 79,576 43,148
Deferred tax liability, net 99,742 218,583
Other non-current liabilities 3,393 2,752
Total liabilities 277,043 344,153
Preferred stock, par value of $0.001 per share; 50,000,000 shares authorized, no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock $0.001 par value per share, 1,500,000,000 shares authorized as of September 30, 2026 and December 31, 2025 and 44,753,179 and 40,331,360 shares issued and outstanding as of September 30, 2026 and December 31, 2025 45 40
Additional paid-in capital 12,970,363 12,786,848
Accumulated other comprehensive income 1,794 2,655
Accumulated deficit (10,518,683) (10,211,681)
Total stockholders’ equity 2,453,519 2,577,862
Total liabilities and stockholders’ equity $ 2,730,562 $ 2,922,015