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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 211,104 $ 222,947
Short-term investments 387,645 678,051
Restricted cash and cash equivalents, current 88,218 89,385
Equity investments 7,270 4,350
Prepaid expenses and other current assets 41,469 47,725
Total current assets 735,706 1,042,458
Intangible assets, net 7,998 8,120
Goodwill 16,937 16,937
Property and equipment, net 60,795 63,183
Operating lease right-of-use assets 64,853 59,680
Restricted cash and cash equivalents, noncurrent 6,956 6,363
Long-term investments 286,099 190,015
Other assets 13,188 12,057
TOTAL ASSETS 1,192,532 1,398,813
CURRENT LIABILITIES:    
Accounts payable 12,234 5,081
Accrued and other liabilities 82,661 85,873
Deferred revenue, current 10,109 12,648
Contingent consideration obligation, current 0 16,060
Total current liabilities 105,004 119,662
Operating lease liabilities, noncurrent 93,405 90,139
Contingent consideration obligation, noncurrent 33,620 24,050
Other long-term liabilities 13,031 14,577
TOTAL LIABILITIES 245,060 248,428
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 138,886,274 and 136,959,446 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 14 14
Additional paid-in capital 1,941,386 1,911,872
Accumulated other comprehensive loss (2,221) (1,717)
Accumulated deficit (991,707) (759,784)
TOTAL STOCKHOLDERS’ EQUITY 947,472 1,150,385
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,192,532 $ 1,398,813
Common stock, shares issued (in shares) 138,886,274 136,959,446
Common stock, shares outstanding (in shares) 138,886,274 136,959,446