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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 345,209 $ 338,426
Marketable securities 112,230 137,314
Accounts receivable (net of allowance of $7,678 as of December 31, 2020) 32,439 42,999
Prepaid expenses 18,752 10,505
Other current assets 10,196 1,953
Total current assets 518,826 531,197
Marketable securities 391,907 46,809
Accounts receivable (net of allowance of $3,758 as of December 31, 2021) 2,262 3,267
Property and equipment, net 131,547 56,467
Operating lease right-of-use assets 60,904 63,815
Restricted cash 2,030 1,330
Other assets 6,428 5,279
Total assets 1,113,904 708,164
Current liabilities    
Accounts payable 11,387 10,622
Accrued expenses and other current liabilities 76,111 49,082
Deferred revenue 3,333 449
Operating lease liabilities 1,752 2,500
Liability related to sale of future royalties 37,889 18,794
Total current liabilities 130,472 81,447
Deferred revenue   3,783
Operating lease liabilities 84,929 70,153
Liability related to sale of future royalties 133,460 174,504
Other liabilities 745 524
Total liabilities 349,606 330,411
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, 2021 and 2020
Common stock; $0.0001 par value; 100,000 shares authorized at December 31, 2021 and 2020; 42,831 and 37,476 shares issued and outstanding at December 31, 2021 and 2020, respectively 4 4
Additional paid-in capital 928,095 667,181
Accumulated other comprehensive loss (2,569) (360)
Accumulated deficit (161,232) (289,072)
Total stockholders’ equity 764,298 377,753
Total liabilities and stockholders’ equity $ 1,113,904 $ 708,164