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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 67,612 $ 109,966
Marketable securities (Note 4) 442,341 264,915
Accounts receivable 0 15,000
Contract assets 1,704 3,762
Prepaid expenses and other current assets 13,750 11,674
Total current assets 525,407 405,317
Marketable securities, non-current (Note 4) 192,445 61,434
Property and equipment, net (Note 6) 51,735 48,134
Right-of-use assets, operating leases 48,704 52,945
Other non-current assets 1,889 2,118
Restricted cash 5,841 5,811
Total assets 826,021 575,759
Current liabilities:    
Accounts payable 6,510 7,075
Accrued expenses (Note 8) 23,780 33,864
Deferred revenue 19,259 37,883
Operating lease liabilities 11,424 5,068
Finance lease liabilities 992 1,277
Other current liabilities 178 524
Total current liabilities 62,143 85,691
Non-current liabilities    
Deferred revenue, net of current portion 3,189 16,768
Operating lease liabilities, net of current portion 74,822 77,028
Finance lease liabilities, net of current portion 943 1,301
Total liabilities 141,097 180,788
Stockholders’ equity:    
Common stock, $0.0001 par value; 150,000,000 shares authorized at June 30, 2024 and December 31, 2023, 61,572,383 and 55,390,259 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 6 6
Additional paid-in capital 1,308,388 926,269
Accumulated deficit (621,371) (530,752)
Accumulated other comprehensive loss (2,099) (552)
Total stockholders’ equity 684,924 394,971
Total liabilities and stockholders’ equity $ 826,021 $ 575,759