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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 222,947 $ 241,576
Short-term investments 678,051 1,270,980
Restricted cash and cash equivalents, current 89,385 13,268
Equity investments 4,350 9,853
Prepaid expenses and other current assets 47,725 52,549
Total current assets 1,042,458 1,588,226
Intangible assets, net 8,120 22,565
Goodwill 16,937 16,937
Property and equipment, net 63,183 96,018
Operating right-of-use assets 59,680 71,182
Restricted cash and cash equivalents, noncurrent 6,363 6,448
Long-term investments 190,015 105,275
Other assets 12,057 12,409
TOTAL ASSETS 1,398,813 1,919,060
CURRENT LIABILITIES:    
Accounts payable 5,081 6,334
Accrued and other liabilities 85,873 104,220
Deferred revenue, current 12,648 64,853
Contingent consideration obligation, current 16,060 0
Total current liabilities 119,662 175,407
Operating lease liabilities, noncurrent 90,139 111,673
Contingent consideration obligation, noncurrent 24,050 25,960
Other long-term liabilities 14,577 15,784
TOTAL LIABILITIES 248,428 328,824
Commitments and contingencies (Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2024 and 2023, respectively; no shares issued and outstanding as of December 31, 2024 and 2023 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of December 31, 2024 and 2023, respectively; 136,959,446 and 134,781,286 shares issued and outstanding as of December 31, 2024 and 2023, respectively 14 13
Additional paid-in capital 1,911,872 1,828,862
Accumulated other comprehensive loss (1,717) (815)
Accumulated deficit (759,784) (237,824)
TOTAL STOCKHOLDERS’ EQUITY 1,150,385 1,590,236
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,398,813 $ 1,919,060