v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 913,203 $ 893,369
Marketable securities 221,183 217,193
Prepaid expenses and other current assets 41,643 16,025
Total current assets 1,176,029 1,126,587
Property and equipment, net 7,141 24,029
Right-of-use assets 19,028 20,742
Restricted cash and other assets 32,604 15,600
Total assets 1,234,802 1,186,958
Current liabilities:    
Accounts payable 14,896 8,082
Accrued expenses and other current liabilities 44,691 37,548
Vendor financing arrangement 25,402 0
Lease liabilities 5,556 4,995
Total current liabilities 90,545 50,625
Long-term debt, net 200,012 148,921
Lease liabilities, net of current portion 13,312 15,283
Total liabilities 303,869 214,829
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at September 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 400,000,000 and 200,000,000 shares authorized at September 30, 2026 and December 31, 2025, respectively; 187,328,238 and 164,950,540 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 18 16
Additional paid-in capital 2,821,022 2,367,780
Accumulated other comprehensive (loss) gain (1,003) 475
Accumulated deficit (1,889,104) (1,396,142)
Total stockholders’ equity 930,933 972,129
Total liabilities and stockholders’ equity $ 1,234,802 $ 1,186,958