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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 165,797 $ 99,134
Marketable securities 239,183 386,857
Prepaid expenses 61,489 49,376
Other current assets 8,358 3,105
Total current assets 474,827 538,472
Property and equipment, net 18,593 17,320
Intangible assets 18,400 18,400
Goodwill 1,390 1,390
Other non-current assets 37,205 39,525
Total assets 550,415 615,107
Current liabilities:    
Accounts payable 19,628 18,029
Accrued expenses and other current liabilities 78,726 51,487
Forward contract and derivative liability 25,970 84,710
Total current liabilities 124,324 154,226
Non-current operating lease liability 29,797 32,782
Notes payable 257,070 0
Other non-current liabilities 4,637 4,663
Total liabilities 415,828 191,671
Commitments and contingencies (Note 12)
Shareholders' Equity:    
Preferred shares, no par value; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common shares, no par value; 200,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 105,782,447 and 101,221,989 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1,743,109 1,656,702
Additional paid-in capital 157,019 112,369
Accumulated deficit (1,765,538) (1,345,714)
Accumulated other comprehensive (loss) income (3) 79
Total shareholders' equity 134,587 423,436
Total liabilities and shareholders' equity $ 550,415 $ 615,107