Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 74,940	$ 94,857
Short-term investments	783,195	981,157
Accounts receivable	8,410	16,650
Prepaid expenses and other current assets	19,997	15,276
Total current assets	886,542	1,107,940
Long-term investments	178,201	145,055
Property and equipment, net	70,219	65,815
Operating lease right-of-use assets	76,120	75,158
Other assets	14,553	7,705
Total assets	1,225,635	1,401,673
Current liabilities:
Accounts payable	16,228	20,369
Accrued liabilities	52,315	55,323
Short-term operating lease liabilities	19,585	18,978
Current portion of long-term debt	14,400	11,520
Derivative liabilities measured at fair value	17,600	11,300
Deferred revenue	1,344	52,370
Other current liabilities	9,592	9,814
Total current liabilities	131,064	179,674
Term loans, net	159,058	93,227
Convertible notes, net	553,987	552,370
Liabilities related to revenue participation right purchase agreements, net	489,503	462,192
Long-term operating lease liabilities	111,028	112,582
Liabilities related to RPI Transactions measured at fair value	147,700	137,000
Other non-current liabilities	2,015	0
Total liabilities	1,594,355	1,537,045
Commitments and contingencies
Stockholders' deficit
Preferred stock	0	0
Common stock	119	118
Additional paid-in capital	2,628,829	2,563,876
Accumulated other comprehensive (loss) income	(158)	2,398
Accumulated deficit	(2,997,510)	(2,701,764)
Total stockholders' deficit	(368,720)	(135,372)
Total liabilities and stockholders' deficit	$ 1,225,635	$ 1,401,673