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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 123,406 $ 160,020
Marketable securities 625,282 437,351
Accounts receivable 2,031 2,130
Prepaid expenses and other current assets 18,584 17,016
Total current assets 769,303 616,517
Marketable securities - noncurrent 337,361 0
Property and equipment, net 20,968 15,943
Operating lease right-of-use assets 79,143 39,114
Equity method investment 58,131 0
Investments and other assets 29,558 4,748
Total Assets 1,294,464 676,322
Current Liabilities:    
Accounts payable 9,653 10,460
Accrued expenses 43,309 25,554
Current portion of operating lease liability 9,112 5,696
Current portion of deferred revenue ($41.2 million and $0 million from related party) 63,759 22,544
Total current liabilities 125,833 64,254
Deferred revenue, net of current portion ($19.9 million and $0 million from related party) 63,476 51,387
Long-term operating lease liability 64,911 33,609
Commitments and contingencies (Note 8)
Stockholders’ Equity:    
Common stock, $0.0001 par value; 120,000,000 shares authorized; 74,485,883 and 66,234,056 shares issued and outstanding at December 31, 2021 and 2020, respectively 7 7
Additional paid-in capital 1,745,870 962,173
Accumulated other comprehensive income (2,632) 1
Accumulated deficit (703,001) (435,109)
Total stockholders’ equity 1,040,244 527,072
Total Liabilities and Stockholders’ Equity $ 1,294,464 $ 676,322