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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 137,886 $ 188,460
Marketable securities 457,240 458,249
Prepaid expenses and other current assets 8,190 14,213
Total current assets 603,316 660,922
Property and equipment, net 1,393 1,705
Restricted cash   198
Other assets 1,396 1,494
Operating lease right-of-use assets, net 1,970 2,389
Total assets 608,075 666,708
Current liabilities    
Accounts payable 395 2,551
Accrued expenses and other current liabilities 17,748 15,206
Current portion of operating lease liabilities 750 721
Total current liabilities 18,893 18,478
Operating lease liabilities 1,835 2,403
Income taxes payable 5,617 5,255
Total liabilities 26,345 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; 83,435,513 and 83,287,639 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 83 83
Additional paid-in capital 738,580 701,052
Accumulated other comprehensive loss (262) (684)
Accumulated deficit (156,671) (59,879)
Total stockholders’ equity 581,730 640,572
Total liabilities and stockholders’ equity $ 608,075 $ 666,708