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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 96,952 $ 345,209
Marketable securities 267,690 112,230
Accounts receivable 28,082 32,439
Prepaid expenses 13,900 18,752
Other current assets 9,352 10,196
Total current assets 415,976 518,826
Marketable securities 200,560 391,907
Accounts receivable (net of allowance of $4,152 and $3,758 as of December 31, 2022 and 2021, respectively) 1,504 2,262
Property and equipment, net 141,685 131,547
Operating lease right-of-use assets 65,116 60,904
Restricted cash 2,030 2,030
Other assets 6,397 6,428
Total assets 833,268 1,113,904
Current liabilities    
Accounts payable 27,213 11,387
Accrued expenses and other current liabilities 46,794 76,111
Deferred revenue 1,829 3,333
Operating lease liabilities 5,997 1,752
Liability related to sale of future royalties 48,601 37,889
Total current liabilities 130,434 130,472
Operating lease liabilities 88,802 84,929
Liability related to sale of future royalties 89,005 133,460
Other liabilities 8,832 745
Total liabilities 317,073 349,606
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock; $0.0001 par value; 10,000 shares authorized, no shares issued and outstanding at December 31, 2022 and 2021
Common stock; $0.0001 par value; 100,000 shares authorized at December 31, 2022 and 2021; 43,299 and 42,831 shares issued and outstanding at December 31, 2022 and 2021, respectively 4 4
Additional paid-in capital 973,145 928,095
Accumulated other comprehensive loss (15,401) (2,569)
Accumulated deficit (441,553) (161,232)
Total stockholders’ equity 516,195 764,298
Total liabilities and stockholders’ equity $ 833,268 $ 1,113,904