Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 690,215	$ 559,931
Accounts receivable	15,816	2,742
Prepaid expenses and other current assets	26,777	26,220
Total current assets	732,808	588,893
Operating lease right-of-use assets	18,072	19,251
Property and equipment, net	4,836	4,237
Restricted cash	1,449	1,449
Other long-term assets	0	2,056
TOTAL ASSETS	757,165	615,886
CURRENT LIABILITIES:
Accounts payable	5,267	4,602
Current portion of operating lease liabilities	2,230	1,978
Accrued expenses and other current liabilities	19,964	20,870
Deferred revenue	925	0
Current tax liability	6,321	0
Total current liabilities	34,707	27,450
Operating lease liabilities, net of current portion	15,724	16,883
Total liabilities	50,431	44,333
STOCKHOLDERS' EQUITY:
Preferred stock, par value of $0.0001 per share; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding	0	0
Common stock, par value of $0.0001 per share; 200,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 40,615,414 and 40,554,705 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	4	4
Additional paid-in capital	1,157,754	1,140,328
Accumulated deficit	(451,024)	(568,779)
Total stockholders' equity	706,734	571,553
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	757,165	615,886
Series A Junior Participating Preferred Stock
STOCKHOLDERS' EQUITY:
Preferred stock, par value of $0.0001 per share; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding	$ 0	$ 0