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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net loss $ (32,499) $ (13,687)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of discount on marketable securities (347) (526)
Depreciation 502 346
Stock-based compensation 4,389 2,205
Deferred rent 0 472
Non-cash lease expense 131 0
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (462) 471
Deferred revenue 0 (5,160)
Accounts payable (227) (35)
Accrued liabilities 1,461 (492)
Lease liability (420) 0
Net cash used in operating activities (27,472) (16,406)
Investing activities:    
Purchases of property and equipment (178) (1,376)
Maturities of marketable securities 84,761 34,410
Purchases of marketable securities (37,745) (36,536)
Net cash provided by (used in) investing activities 46,838 (3,502)
Financing activities:    
Proceeds from issuances of common stock upon exercise of options and participation in employee stock purchase plan 524 7
Net cash provided by financing activities 524 7
Net increase (decrease) in cash, cash equivalents and restricted cash 19,890 (19,901)
Cash, cash equivalents and restricted cash at beginning of period 40,104 35,138
Cash, cash equivalents and restricted cash, at end of period 59,994 15,237
Supplemental disclosures of cash flow information    
Non cash tenant improvement allowance used for leasehold improvements 0 8,324
Purchases of property and equipment accrued but not yet paid $ 0 $ 293