CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 316,168	$ 799,623
Short-term investments	1,142,336	646,574
Other receivable		100,000
Prepaid expenses and other current assets	32,094	24,106
Total current assets	1,490,598	1,570,303
Property and equipment, net	6,365	6,653
Operating right-of-use assets	5,606	6,245
Other non-current assets	5,555	717
Total assets	1,508,124	1,583,918
Current liabilities:
Accounts payable	7,822	13,864
Accrued expenses and other current liabilities	46,553	46,543
Operating lease liabilities, current portion	2,609	2,878
Total current liabilities	56,984	63,285
Operating lease liabilities, net of current portion	3,183	3,609
Other non-current liabilities	863	647
Total liabilities	61,030	67,541
Commitments and contingencies (Note 5)
Shareholders' equity:
Undesignated shares - $0.0001 par value; 100,000 shares authorized as of March 31, 2026 and December 31, 2025
Ordinary shares - $0.0001 par value; 500,000 shares authorized as of March 31, 2026 and December 31, 2025; 213,208 and 212,513 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	21	21
Additional paid-in capital	1,995,536	1,985,602
Accumulated other comprehensive (loss) income	(2,195)	1,054
Accumulated deficit	(546,268)	(470,300)
Total shareholders' equity	1,447,094	1,516,377
Total liabilities and shareholders' equity	$ 1,508,124	$ 1,583,918