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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 103,357 $ 127,566
Marketable securities 49,697 24,931
Restricted cash 4,195 3,832
Prepaid expenses and other current assets 4,510 4,479
Total current assets 161,759 160,808
Property and equipment, net 29,931 77,308
Operating lease right-of-use assets 40,704 57,961
Intangible asset 59,195 59,195
Goodwill 140,627 140,627
Other non-current assets 3,216 5,121
TOTAL ASSETS 435,432 501,020
Current liabilities:    
Accounts payable 1,858 5,210
Accrued compensation 11,296 14,449
Accrued expenses and other current liabilities 7,991 13,240
Operating lease liabilities 14,368 12,534
Total current liabilities 35,513 45,433
Operating lease liabilities, net of current portion 67,868 81,663
Contingent consideration 115,141 108,968
Success payment liabilities 13,726 4,556
Other non-current liabilities 7,876 9,896
Total liabilities 240,124 250,516
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of September 30, 2025 and December 31, 2024
Common stock, $0.0001 par value; 750,000 shares authorized; 262,264 and 223,923 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 26 22
Additional paid-in capital 1,985,452 1,855,318
Accumulated other comprehensive income 21 14
Accumulated deficit (1,790,191) (1,604,850)
Total stockholders' equity 195,308 250,504
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 435,432 $ 501,020