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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 184,847 $ 99,134
Marketable securities 75,370 386,857
Prepaid expenses 54,983 49,376
Other current assets 8,415 3,105
Total current assets 323,615 538,472
Property and equipment, net 17,521 17,320
Intangible assets 18,400 18,400
Goodwill 1,390 1,390
Other non-current assets 48,197 39,525
Total assets 409,123 615,107
Current liabilities:    
Accounts payable 17,491 18,029
Accrued expenses and other current liabilities 73,522 51,487
Forward contract and derivative liability 22,010 84,710
Total current liabilities 113,023 154,226
Non-current operating lease liability 40,394 32,782
Notes payable 268,270 0
Other non-current liabilities 4,596 4,663
Total liabilities 426,283 191,671
Commitments and contingencies (Note 12)
Shareholders' (Deficit) Equity:    
Preferred shares, no par value; 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common shares, no par value; 200,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 105,803,655 and 101,221,989 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 1,743,740 1,656,702
Additional paid-in capital 178,045 112,369
Accumulated deficit (1,938,981) (1,345,714)
Accumulated other comprehensive income 36 79
Total shareholders' (deficit) equity (17,160) 423,436
Total liabilities and shareholders' equity $ 409,123 $ 615,107