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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 96,648 $ 94,819
Marketable securities 284,495 196,557
Accounts receivable, net 58,334 46,760
Inventory 3,873 2,620
Other receivables 1,906 1,299
Prepaid expenses 29,173 14,650
Total current assets 474,429 356,705
Restricted cash, non-current 2,563 2,562
Inventory, non-current 2,532 2,533
Property and equipment, net 3,182 2,314
Intangible assets, net 7,846 8,326
Operating lease right-of-use assets 229 552
Long-term investments 3,000 3,000
Other assets 1,213 999
Total assets 494,994 376,991
Current liabilities:    
Accounts payable and other accrued liabilities 78,641 64,789
Accrued payroll and benefits 11,612 15,823
Total current liabilities 90,253 80,612
Long-term debt, net 72,129 71,845
Total liabilities 162,382 152,457
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 42,210,972 shares issued and outstanding at June 30, 2025 (unaudited); 38,349,826 shares issued and outstanding at December 31, 2024 6 6
Additional paid-in capital 738,237 584,559
Accumulated other comprehensive income (loss) 39 179
Accumulated deficit (405,670) (360,210)
Total stockholders’ equity 332,612 224,534
Total liabilities and stockholders’ equity $ 494,994 $ 376,991