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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 78,049 $ 67,602
Marketable securities 371,295 284,367
Collaboration receivable 2,603 5,878
Prepaid expenses and other current assets 13,388 11,924
Total current assets 465,335 369,771
Property and equipment, net 10,786 11,191
Restricted cash 3,950 3,950
Right-of-use assets, operating leases 73,773 81,490
Other non-current assets 746 2,790
Total assets 554,590 469,192
Current liabilities:    
Accounts payable 1,292 3,277
Accrued expenses and other current liabilities 13,403 11,325
Income taxes payable 2,251 4,024
Operating lease obligations, current portion 7,738 7,909
Deferred revenue, current portion 45,919 132,261
Total current liabilities 70,603 158,796
Operating lease obligations, net of current portion 53,576 60,321
Deferred revenue, net of current portion 7,964 7,715
Total liabilities 132,143 226,832
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, par value $0.0001; 150,000,000 shares authorized; 37,414,899 shares issued and 37,400,499 shares outstanding as of September 30, 2024 and 33,461,771 shares issued and 33,437,296 shares outstanding as of December 31, 2023 4 3
Additional paid‑in capital 551,946 437,132
Accumulated other comprehensive income 972 195
Accumulated deficit (130,475) (194,970)
Total stockholders’ equity 422,447 242,360
Total liabilities and stockholders’ equity $ 554,590 $ 469,192