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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 397,451 $ 834,657
Short-term investments 682,776 96,719
Prepaid expenses and other current assets 15,727 11,179
Total current assets 1,095,954 942,555
Property and equipment, net 79,626 10,360
Operating lease right-of-use assets 30,997 21,288
Long-term investments 162,675 26,549
Restricted cash 1,103 871
Other assets 37,562 4,555
Total noncurrent assets 311,963 63,623
Total assets 1,407,917 1,006,178
Current liabilities:    
Accounts payable 14,587 9,795
Accrued compensation 11,056 1,180
Accrued manufacturing expenses 52,767 8,265
Accrued expenses 59,815 15,375
Operating lease liabilities - current 7,113 5,910
Total current liabilities 145,338 40,525
Operating lease liabilities - long-term 22,111 12,031
Other liabilities 0 9
Total liabilities 167,449 52,565
Commitments and contingencies (Note 7)
Stockholders' Equity    
Preferred stock, $0.001 par value - 10,000,000 authorized at December 31, 2023 and December 31, 2022; no shares issued and outstanding at December 31, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value - 500,000,000 shares authorized at December 31, 2023 and December 31, 2022; 95,364,831 and 79,470,670 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 98 82
Additional paid-in capital 2,164,583 1,476,018
Accumulated other comprehensive income (loss) 179 (361)
Accumulated deficit (924,392) (522,126)
Total stockholders' equity 1,240,468 953,613
Total liabilities and stockholders' equity $ 1,407,917 $ 1,006,178