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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 312,420 $ 561,572
Marketable securities 204,502 0
Accounts receivable, net 26,293 21,857
Accounts receivable - related parties 877 586
Prepaid expenses and other current assets 20,442 18,729
Total current assets 564,534 602,744
Property, plant and equipment, net 197,828 203,720
Operating lease right-of-use assets 383,394 394,435
Investments 32,173 48,704
Intangible assets, net 68,756 72,510
Other non-current assets 46,778 55,336
Total assets 1,293,463 1,377,449
Current liabilities:    
Accounts payable 11,267 14,169
Deferred revenue (includes $391 and $795 from related parties) 33,653 27,710
Accrued expenses and other current liabilities 70,747 65,387
Total current liabilities 115,667 107,266
Non-current liabilities:    
Deferred revenue, net of current portion (includes $64,786 and $72,260 from related parties) 80,378 98,783
Operating lease liabilities, non-current 434,561 438,766
Other non-current liabilities 15,430 16,576
Total liabilities 646,036 661,391
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; none issued 0 0
Common stock, $0.0001 par value (Note 8) 5 5
Additional paid-in capital 6,576,786 6,555,416
Accumulated deficit (5,928,514) (5,837,557)
Accumulated other comprehensive loss (850) (1,806)
Total stockholders’ equity 647,427 716,058
Total liabilities and stockholders’ equity $ 1,293,463 $ 1,377,449