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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 130,686 $ 182,840
Marketable securities 45,800 18,827
Accounts receivable 12,532 4,309
Inventory, net 9,275 0
Prepaid expenses and other current assets 6,652 11,514
Total current assets 204,945 217,490
Property, equipment and software, net 15,364 18,100
Right-of-use asset 23,710 24,509
Other non current assets 1,397 1,556
Total assets 245,416 261,655
Current liabilities:    
Accounts payable 4,657 5,013
Accrued expenses and other current liabilities 21,349 29,334
Deferred revenue 7,872 16,319
Lease liabilities 5,122 4,864
Total current liabilities 39,000 55,530
Liability related to future royalties 70,260 0
Deferred revenue, net of current portion 55,745 55,503
Lease liabilities, net of current portion 32,125 32,597
Other non current liabilities 1,668 1,968
Total liabilities 198,798 145,598
Stockholders' equity:    
Common stock, $0.01 par value -- 125,000,000 shares authorized, 63,205,703 and 62,819,857 shares outstanding at June 30, 2025 and December 31, 2024, respectively 632 628
Additional paid-in capital 1,292,998 1,285,143
Accumulated other comprehensive (loss) income (7) 4
Accumulated deficit (1,247,005) (1,169,718)
Total stockholders' equity 46,618 116,057
Total liabilities and stockholders' equity $ 245,416 $ 261,655