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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 96,131 $ 127,566
Marketable securities 8,570 24,931
Restricted cash 4,195 3,832
Prepaid expenses and other current assets 3,835 4,479
Total current assets 112,731 160,808
Property and equipment, net 73,687 77,308
Operating lease right-of-use assets 54,837 57,961
Intangible asset 59,195 59,195
Goodwill 140,627 140,627
Other non-current assets 4,393 5,121
TOTAL ASSETS 445,470 501,020
Current liabilities:    
Accounts payable 989 5,210
Accrued compensation 9,354 14,449
Accrued expenses and other current liabilities 9,810 13,240
Operating lease liabilities 13,003 12,534
Total current liabilities 33,156 45,433
Operating lease liabilities, net of current portion 78,311 81,663
Contingent consideration 110,832 108,968
Success payment liabilities 4,649 4,556
Other non-current liabilities 9,443 9,896
Total liabilities 236,391 250,516
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 750,000 shares authorized; 225,463 and 223,923 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 23 22
Additional paid-in capital 1,863,295 1,855,318
Accumulated other comprehensive income 0 14
Accumulated deficit (1,654,239) (1,604,850)
Total stockholders' equity 209,079 250,504
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 445,470 $ 501,020