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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 156,172 $ 189,182
Marketable securities 303,479 412,333
Accounts receivable 11,353 8,517
Prepaid expenses and other current assets 24,941 29,831
Total current assets 495,945 639,863
Marketable securities - noncurrent 170,855 260,215
Property and equipment, net 22,806 27,381
Operating lease right-of-use assets 129,045 219,292
Investments and other assets 80,243 44,264
Total assets 898,894 1,191,015
Current liabilities:    
Accounts payable 9,802 14,589
Accrued expenses 41,553 55,355
Current portion of operating lease liability 26,990 20,246
Current portion of deferred revenue 17,154 20,661
Total current liabilities 95,499 110,851
Deferred revenue, net of current portion 12,539 18,256
Long-term operating lease liability 75,601 189,952
Total liabilities 183,639 319,059
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.0001 par value; 240,000,000 shares authorized at June 30, 2025 and December 31, 2024; 105,330,693 and 102,029,594 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 10 10
Additional paid-in capital 3,107,576 3,048,741
Accumulated other comprehensive income 653 605
Accumulated deficit (2,392,984) (2,177,400)
Total stockholders’ equity 715,255 871,956
Total liabilities and stockholders' equity $ 898,894 $ 1,191,015