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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 93,510 $ 109,966
Marketable securities (Note 4) 427,034 264,915
Accounts receivable 0 15,000
Contract assets 2,030 3,762
Prepaid expenses and other current assets 14,679 11,674
Total current assets 537,253 405,317
Marketable securities, non-current (Note 4) 224,390 61,434
Property and equipment, net (Note 6) 49,336 48,134
Right-of-use assets, operating leases 49,329 52,945
Other non-current assets 2,118 2,118
Restricted cash 5,825 5,811
Total assets 868,251 575,759
Current liabilities:    
Accounts payable 6,812 7,075
Accrued expenses (Note 8) 15,997 33,864
Deferred revenue 22,613 37,883
Operating lease liabilities 8,757 5,068
Finance lease liabilities 1,133 1,277
Other current liabilities 824 524
Total current liabilities 56,136 85,691
Non-current liabilities    
Deferred revenue, net of current portion 23,781 16,768
Operating lease liabilities, net of current portion 75,975 77,028
Finance lease liabilities, net of current portion 1,156 1,301
Total liabilities 157,048 180,788
Stockholders’ equity:    
Common stock, $0.0001 par value; 150,000,000 shares authorized at March 31, 2024 and December 31, 2023, 61,353,146 and 55,585,305 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 6 6
Additional paid-in capital 1,292,283 926,269
Accumulated deficit (579,309) (530,752)
Accumulated other comprehensive loss (1,777) (552)
Total stockholders’ equity 711,203 394,971
Total liabilities and stockholders’ equity $ 868,251 $ 575,759