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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 176,410 $ 764,375
Marketable securities 488,565  
Accounts receivable 4,514  
Prepaid expenses and other current assets 12,446 8,028
Total current assets 681,935 772,403
Property and equipment, net 1,810 23
Restricted cash 305 305
Operating lease right-of-use assets, net 2,526 161
Total assets 686,576 772,892
Current liabilities    
Accounts payable 1,118 4,534
Accrued expenses and other current liabilities 13,805 52,152
Current portion of operating lease liabilities 711 197
Total current liabilities 15,634 56,883
Operating lease liabilities 2,585  
Income taxes payable 5,170 5,932
Total liabilities 23,389 62,815
Commitments and contingencies (see Note 12)
Stockholders’ equity:    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2022, and December 31, 2021
Common stock, $0.001 par value; 300,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 83,287,639 and 83,102,730 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 83 83
Additional paid-in capital 689,407 653,964
Accumulated other comprehensive loss (855)  
Retained earnings (accumulated deficit) (25,448) 56,030
Total stockholders’ equity 663,187 710,077
Total liabilities and stockholders’ equity $ 686,576 $ 772,892