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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 183,255 $ 188,460
Marketable securities 437,233 458,249
Prepaid expenses and other current assets 11,902 14,213
Total current assets 632,390 660,922
Property and equipment, net 1,601 1,705
Restricted cash 198 198
Other assets 1,691 1,494
Operating lease right-of-use assets, net 2,251 2,389
Total assets 638,131 666,708
Current liabilities    
Accounts payable 700 2,551
Accrued expenses and other current liabilities 10,931 15,206
Current portion of operating lease liabilities 730 721
Total current liabilities 12,361 18,478
Operating lease liabilities 2,215 2,403
Income taxes payable 5,373 5,255
Total liabilities 19,949 26,136
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
Common stock, $0.001 par value; 300,000,000 shares authorized;83,399,377 and 83,287,639 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 83 83
Additional paid-in capital 713,752 701,052
Accumulated other comprehensive loss (307) (684)
Accumulated deficit (95,346) (59,879)
Total stockholders’ equity 618,182 640,572
Total liabilities and stockholders’ equity $ 638,131 $ 666,708