CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income (loss)	$ 26,371	$ (21,612)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	703	896
Share-based compensation expense	16,624	14,569
Non-cash lease expense	1,759	1,615
Net amortization of premiums and accretion of discounts on short-term investments	(589)	109
Net gain on disposal of property and equipment	(24)	(24)
Deferred income taxes	5,637	14,934
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(12,195)	(9,517)
Accounts receivable, net	9,814	815
Inventory	(21,817)	(3,736)
Other long-term assets	1,975	(7,201)
Accounts payable	6,992	(933)
Accrued expenses, accrued collaboration expenses and other current liabilities	9,502	21,940
Operating lease liabilities	(1,777)	(2,319)
Deferred revenue		(449)
Other long-term liabilities	7,439	68
Net cash provided by operating activities	50,414	9,155
Cash flows from investing activities:
Proceeds from sale of property and equipment		25
Purchases of property and equipment	(264)	(84)
Purchases of short-term investments	(129,793)	(125,539)
Proceeds from the maturities of short-term investments	74,633	104,325
Net cash used in investing activities	(55,424)	(21,273)
Cash flows from financing activities:
Proceeds from issuance of Class A ordinary shares under incentive award plans and employee share purchase plan	15,925	5,129
Payments in connection with ordinary shares tendered for employee tax obligations	(2,459)	(1,694)
Net cash provided by financing activities	13,466	3,435
Net increase (decrease) in cash and cash equivalents	8,456	(8,683)
Cash and cash equivalents at beginning of period	183,581	107,954
Cash and cash equivalents at end of period	192,037	99,271
Supplemental information:
Cash paid for income taxes	3,009	1,510
Supplemental disclosure of non-cash investing and financing activities:
Change in right-of-use asset as a result of new, modified, and terminated leases	1,687	1,463
Additions to property and equipment included in accounts payable and accrued expenses and other liabilities	$ 338	$ 178