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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 71,271 $ 127,566
Marketable securities 1,403 24,931
Restricted cash 4,195 3,832
Prepaid expenses and other current assets 5,633 4,479
Total current assets 82,502 160,808
Property and equipment, net 33,081 77,308
Operating lease right-of-use assets 43,021 57,961
Intangible asset 59,195 59,195
Goodwill 140,627 140,627
Other non-current assets 3,219 5,121
TOTAL ASSETS 361,645 501,020
Current liabilities:    
Accounts payable 2,270 5,210
Accrued compensation 9,411 14,449
Accrued expenses and other current liabilities 7,931 13,240
Operating lease liabilities 13,832 12,534
Total current liabilities 33,444 45,433
Operating lease liabilities, net of current portion 71,660 81,663
Contingent consideration 117,132 108,968
Success payment liabilities 8,611 4,556
Other non-current liabilities 8,242 9,896
Total liabilities 239,089 250,516
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000 shares authorized; zero shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, $0.0001 par value; 750,000 shares authorized; 230,510 and 223,923 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 23 22
Additional paid-in capital 1,870,572 1,855,318
Accumulated other comprehensive income 0 14
Accumulated deficit (1,748,039) (1,604,850)
Total stockholders' equity 122,556 250,504
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 361,645 $ 501,020