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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 243,075 $ 302,078
Accounts receivable   1,422
Prepaid expenses 8,062 9,544
Other current assets 6,839 7,350
Total current assets 257,976 320,394
Long-term assets:    
Property and equipment, net of accumulated depreciation of $47,027 and $46,329 as of March 31, 2025 and December 31, 2024, respectively 9,566 10,128
Operating lease right-of-use assets 16,581 17,870
Restricted cash 3,772 3,760
Other assets 448 55
Total long-term assets 30,367 31,813
Total assets 288,343 352,207
Current liabilities:    
Accounts payable 14,358 16,262
Accrued expenses and other current liabilities 7,813 21,081
Current portion of deferred revenue 57,312 65,972
Current portion of operating lease liability 7,884 7,638
Total current liabilities 87,367 110,953
Long-term liabilities:    
Deferred revenue, net of current portion 5,584 6,099
Operating lease liability, net of current portion 15,715 17,766
Total long-term liabilities 21,299 23,865
Total liabilities 108,666 134,818
Series A preferred shares, no par value; 3,901,348 shares issued and outstanding at March 31, 2025 and December 31, 2024 7,874 7,874
Shareholders' equity    
Ordinary shares, no par value; 154,093,313 and 153,037,286 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 1,179,336 1,175,181
Additional paid-in capital 161,407 156,454
Accumulated other comprehensive loss (204) (262)
Accumulated deficit (1,168,736) (1,121,858)
Total shareholders' equity 171,803 209,515
Total liabilities, Series A preferred shares, and shareholders' equity $ 288,343 $ 352,207