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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 127,566 $ 133,517
Marketable securities 24,931 71,678
Restricted cash 3,832 3,832
Prepaid expenses and other current assets 4,479 4,488
Total current assets 160,808 213,515
Property and equipment, net 77,308 70,689
Operating lease right-of-use assets 57,961 74,903
Intangible asset 59,195 59,195
Goodwill 140,627 140,627
Other non-current assets 5,121 6,370
TOTAL ASSETS 501,020 565,299
Current liabilities:    
Accounts payable 5,210 4,108
Accrued compensation 14,449 23,722
Accrued expenses and other current liabilities 13,240 23,462
Operating lease liabilities 12,534 13,195
Total current liabilities 45,433 64,487
Operating lease liabilities, net of current portion 81,663 90,901
Contingent consideration 108,968 109,606
Success payment liabilities 4,556 12,799
Other non-current liabilities 9,896  
Total liabilities 250,516 277,793
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of December 31, 2024 and December 31, 2023
Common stock, $0.0001 par value; 750,000 shares authorized; 223,923 and 197,857 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 22 20
Additional paid-in capital 1,855,318 1,625,637
Accumulated other comprehensive income (loss) 14 (60)
Accumulated deficit (1,604,850) (1,338,091)
Total stockholders' equity 250,504 287,506
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 501,020 $ 565,299