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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 562,660 $ 248,329
Restricted cash 261 0
Investment securities, available-for-sale 909,761 875,715
Short-term investments, other 2,033 0
Accounts receivable 0 57
Prepaid expenses and other current assets 32,419 30,100
Deferred offering costs 625 568
Total current assets 1,507,759 1,154,769
Restricted cash, net of current portion 0 261
Right-of-use lease assets - operating, net 4,209 4,674
Property and equipment, net 3,721 3,201
Other non-current assets 479 429
Total assets 1,516,168 1,163,334
Current liabilities:    
Accounts payable 476 2,379
Accrued expenses 22,694 29,285
Current portion of operating lease liability 2,067 2,282
Total current liabilities 25,237 33,946
Operating lease liability, net of current portion 2,692 3,046
Other non-current liabilities 104 104
Total liabilities 28,033 37,096
Commitments and Contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and 0 shares outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 150,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 37,398,019 and 34,473,905 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 4 3
Additional paid-in capital 2,151,527 1,693,732
Accumulated deficit (661,781) (564,207)
Accumulated other comprehensive loss (1,615) (3,290)
Total stockholders’ equity 1,488,135 1,126,238
Total liabilities and stockholders’ equity $ 1,516,168 $ 1,163,334