XML 50 R2.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 71,870 $ 127,566
Marketable securities 66,512 24,931
Restricted cash 4,195 3,832
Prepaid expenses and other current assets 6,099 4,479
Total current assets 148,676 160,808
Property and equipment, net 26,906 77,308
Operating lease right-of-use assets 38,313 57,961
Intangible asset 59,195 59,195
Goodwill 140,627 140,627
Other non-current assets 3,173 5,121
TOTAL ASSETS 416,890 501,020
Current liabilities:    
Accounts payable 1,669 5,210
Accrued compensation 13,240 14,449
Accrued expenses and other current liabilities 8,679 13,240
Operating lease liabilities 14,938 12,534
Contingent consideration 40,200 0
Total current liabilities 78,726 45,433
Operating lease liabilities, net of current portion 63,924 81,663
Contingent consideration, net of current portion 83,518 108,968
Success payment liabilities 19,238 4,556
Other non-current liabilities 10,600 9,896
Total liabilities 256,006 250,516
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 750,000 shares authorized; 266,732 and 223,923 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 27 22
Additional paid-in capital 2,009,845 1,855,318
Accumulated other comprehensive income 28 14
Accumulated deficit (1,849,016) (1,604,850)
Total stockholders' equity 160,884 250,504
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 416,890 $ 501,020