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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 274,161 $ 232,185
Short-term investments 196,277 228,753
Restricted cash and cash equivalents, current 1,925 1,922
Equity investments 5,861 6,077
Prepaid expenses and other current assets 44,761 45,143
Total current assets 522,985 514,080
Intangible assets, net 7,777 7,850
Goodwill 16,937 16,937
Property and equipment, net 53,158 55,620
Operating right-of-use assets 60,760 62,099
Restricted cash and cash equivalents, noncurrent 6,956 6,963
Long-term investments 332,970 314,575
Other assets 24,042 24,699
TOTAL ASSETS 1,025,585 1,002,823
CURRENT LIABILITIES:    
Accounts payable 5,445 9,803
Accrued and other liabilities 68,113 83,012
Total current liabilities 73,558 92,815
Operating lease liabilities, noncurrent 86,635 89,054
Contingent consideration obligation, noncurrent 33,210 34,100
Other long-term liabilities 19,417 21,578
TOTAL LIABILITIES 212,820 237,547
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 161,234,058 and 139,474,954 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 16 14
Additional paid-in capital 2,139,698 1,965,090
Accumulated other comprehensive loss (3,483) (2,057)
Accumulated deficit (1,323,466) (1,197,771)
TOTAL STOCKHOLDERS’ EQUITY 812,765 765,276
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,025,585 $ 1,002,823