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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 273,571 $ 222,947
Short-term investments 517,367 678,051
Restricted cash and cash equivalents, current 88,151 89,385
Equity investments 10,724 4,350
Prepaid expenses and other current assets 42,394 47,725
Total current assets 932,207 1,042,458
Intangible assets, net 8,072 8,120
Goodwill 16,937 16,937
Property and equipment, net 61,681 63,183
Operating lease right-of-use assets 58,559 59,680
Restricted cash and cash equivalents, noncurrent 6,273 6,363
Long-term investments 218,140 190,015
Other assets 5,858 12,057
TOTAL ASSETS 1,307,727 1,398,813
CURRENT LIABILITIES:    
Accounts payable 3,725 5,081
Accrued and other liabilities 104,126 85,873
Deferred revenue, current 11,935 12,648
Contingent consideration obligation, current 17,500 16,060
Total current liabilities 137,286 119,662
Operating lease liabilities, noncurrent 88,170 90,139
Contingent consideration obligation, noncurrent 23,640 24,050
Other long-term liabilities 14,812 14,577
TOTAL LIABILITIES 263,908 248,428
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 138,063,698 and 136,959,446 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 14 14
Additional paid-in capital 1,926,529 1,911,872
Accumulated other comprehensive loss (1,975) (1,717)
Accumulated deficit (880,749) (759,784)
TOTAL STOCKHOLDERS’ EQUITY 1,043,819 1,150,385
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,307,727 $ 1,398,813