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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 106,084 $ 200,404
Short-term investments 264,984 300,255
Restricted cash - short-term 194 194
Accounts receivable 986 1,250
Prepaid expenses and other current assets 12,373 21,170
Total current assets 384,621 523,273
Property and equipment, net 53,780 50,517
Operating lease assets 26,159 12,303
Restricted cash - long-term 1,200 1,200
Other assets 2,367 827
Total assets 468,127 588,120
Current liabilities:    
Accounts payable 17,368 7,118
Accrued compensation 25,150 20,458
Accrued research and development expenses 13,451 15,813
Deferred revenue 40,760 33,455
Other current liabilities 9,057 6,057
Total current liabilities 105,786 82,901
Deferred revenue - long-term 55,708 27,795
Operating lease liabilities - long-term 25,518 13,041
Other long-term liabilities 1,501 2,044
Total liabilities 188,513 125,781
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock—$0.0001 par value, 500,000 shares authorized as of December 31, 2021 and 2020, respectively; 91,671 and 83,372 shares issued and outstanding as of December 31, 2021 and 2020, respectively 9 8
Additional paid-in capital 1,744,695 1,586,616
Accumulated other comprehensive (loss) income (368) 296
Accumulated deficit (1,464,722) (1,124,581)
Total stockholders’ equity 279,614 462,339
Total liabilities and stockholders’ equity $ 468,127 $ 588,120