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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 89,966 $ 120,256
Marketable securities (Note 4) 373,184 368,488
Contract assets 20,000 947
Prepaid expenses and other current assets 17,801 20,577
Total current assets 500,951 510,268
Marketable securities, non-current (Note 4) 312,335 362,159
Property and equipment, net (Note 6) 49,172 50,457
Right-of-use assets, operating leases 46,734 47,407
Other non-current assets 3,313 1,950
Restricted cash 5,807 5,794
Total assets 918,312 978,035
Current liabilities:    
Accounts payable 10,263 5,989
Accrued expenses (Note 8) 23,117 34,867
Deferred revenue 11,476 13,576
Operating lease liabilities 11,681 11,594
Finance lease liabilities 1,559 1,518
Other current liabilities 893 223
Total current liabilities 58,989 67,767
Non-current liabilities    
Operating lease liabilities, net of current portion 71,182 72,423
Finance lease liabilities, net of current portion 1,908 2,226
Total liabilities 132,079 142,416
Stockholders’ equity:    
Common stock, $0.0001 par value; 150,000,000 shares authorized at at March 31, 2025 and December 31, 2024, 65,112,714 and 64,890,193 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 7 7
Additional paid-in capital 1,606,475 1,591,707
Accumulated deficit (820,191) (754,610)
Accumulated other comprehensive loss (58) (1,485)
Total stockholders’ equity 786,233 835,619
Total liabilities and stockholders’ equity $ 918,312 $ 978,035