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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 52,332 $ 75,218
Short-term investments 220,788 217,258
Prepaid expenses and other current assets 9,535 10,910
Total current assets 282,655 303,386
Long-term investments 29,510 80,673
Operating lease right-of-use asset 41,966 45,205
Property and equipment, net 78,858 86,056
Deposit placed in escrow 23,484 20,773
Restricted cash 10,292 10,292
Other long-term assets 3,828 2,325
Total assets 470,593 548,710
Current liabilities:    
Accounts payable 4,851 5,394
Accrued and other current liabilities 26,824 30,129
Total current liabilities 31,675 35,523
Lease liability, noncurrent 79,241 83,247
Other long-term liabilities 15,116 7,761
Total liabilities 126,032 126,531
Commitments and Contingencies (Notes 6 and 7)
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares were issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value: 400,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 220,133,876 and 212,210,597 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 220 212
Additional paid-in capital 2,274,885 2,241,879
Accumulated deficit (1,930,499) (1,819,823)
Accumulated other comprehensive loss (45) (89)
Total stockholders’ equity 344,561 422,179
Total liabilities and stockholders’ equity $ 470,593 $ 548,710