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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 213,645 $ 101,136
Marketable securities 211,093 53,153
Collaboration receivable 0 300,000
Prepaid expenses and other current assets 5,086 5,273
Total current assets 429,824 459,562
Property and equipment, net 16,943 17,563
Restricted cash 1,733 1,733
Other assets 2,403 2,400
Operating lease right-of-use assets 37,402 38,516
Total assets 488,305 519,774
Current liabilities:    
Accounts payable 5,071 3,819
Accrued expenses and other current liabilities 7,010 9,562
Operating lease liabilities 6,103 6,994
Deferred revenue 30,059 28,317
Total current liabilities 48,243 48,692
Operating lease liabilities, net of current portion 50,477 51,338
Deferred revenue, net of current portion 317,068 322,730
Other liabilities 116 143
Total liabilities 415,904 422,903
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized at March 31, 2022 and December 31, 2021; no shares issued and outstanding at March 31, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value; 175,000,000 shares authorized at March 31, 2022 and December 31, 2021; 41,429,615 shares issued and outstanding at March 31, 2022 and 41,299,720 shares issued and outstanding at December 31, 2021 4 4
Additional paid-in capital 364,761 361,133
Accumulated other comprehensive loss (1,194) (10)
Accumulated deficit (291,170) (264,256)
Total stockholders’ equity 72,401 96,871
Total liabilities and stockholders’ equity $ 488,305 $ 519,774