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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 484,472 $ 389,477
Marketable securities 1,517,147 1,304,215
Accounts receivable 0 200,000
Prepaid expenses and other current assets 8,788 14,386
Total current assets 2,010,407 1,908,078
Property and equipment, net 143,031 151,945
Marketable securities, non-current 11,216 1,973
Intangible assets, net 0 16
Restricted cash 11,520 11,591
Operating lease assets 148,538 153,993
Other non-current assets 15,141 1,975
Total assets 2,339,853 2,229,571
Current liabilities:    
Accounts payable 9,452 38,147
Accrued expenses 91,883 45,335
Deferred revenue, current 4,759 4,105
Accrued tax liabilities 454 438
Operating lease liabilities 16,451 15,625
Other current liabilities 4,824 5,141
Total current liabilities 127,823 108,791
Deferred revenue, non-current 12,583 14,012
Operating lease liabilities, net of current portion 214,852 223,007
Other non-current liabilities 3,646 958
Total liabilities 358,904 346,768
Commitments and contingencies, see Note 7
Shareholders’ equity:    
Common shares, CHF 0.03 nominal value, 132,477,166 and 126,536,183 shares authorized at June 30, 2024 and December 31, 2023, respectively, 85,215,817 and 80,214,694 shares issued at June 30, 2024 and December 31, 2023, respectively, 85,045,501 and 80,044,378 shares outstanding at June 30, 2024 and December 31, 2023, respectively 2,665 2,497
Treasury shares, at cost, 170,316 shares at June 30, 2024 and at December 31, 2023 (62) (62)
Additional paid-in capital 3,223,924 2,878,155
Accumulated deficit (1,242,699) (999,700)
Accumulated other comprehensive (loss) income (2,879) 1,913
Total shareholders' equity 1,980,949 1,882,803
Total liabilities and shareholders’ equity $ 2,339,853 $ 2,229,571