XML 11 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 110,718 $ 109,966
Marketable securities (Note 4) 439,252 264,915
Accounts receivable 0 15,000
Contract assets 1,317 3,762
Prepaid expenses and other current assets 17,428 11,674
Total current assets 568,715 405,317
Marketable securities, non-current (Note 4) 361,035 61,434
Property and equipment, net (Note 6) 51,244 48,134
Right-of-use assets, operating leases 48,065 52,945
Other non-current assets 0 2,118
Restricted cash 5,783 5,811
Total assets 1,034,842 575,759
Current liabilities:    
Accounts payable 6,494 7,075
Accrued expenses (Note 8) 26,530 33,864
Deferred revenue 20,024 37,883
Operating lease liabilities 11,508 5,068
Finance lease liabilities 1,343 1,277
Other current liabilities 633 524
Total current liabilities 66,532 85,691
Non-current liabilities    
Deferred revenue, net of current portion 0 16,768
Operating lease liabilities, net of current portion 73,636 77,028
Finance lease liabilities, net of current portion 1,744 1,301
Total liabilities 141,912 180,788
Stockholders’ equity:    
Common stock, $0.0001 par value; 150,000,000 shares authorized at September 30, 2024 and December 31, 2023, 64,748,226 and 55,390,259 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 7 6
Additional paid-in capital 1,574,850 926,269
Accumulated deficit (683,858) (530,752)
Accumulated other comprehensive loss 1,931 (552)
Total stockholders’ equity 892,930 394,971
Total liabilities and stockholders’ equity $ 1,034,842 $ 575,759