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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 64,333 $ 139,259
Marketable securities 583,155 643,860
Accounts receivable, net 1,176 2,206
Inventory 17,274 8,492
Prepaid expenses and other current assets 38,414 38,955
Total current assets 704,352 832,772
Marketable securities 224,902 313,874
Operating lease assets 57,162 65,129
Property and equipment, net 16,785 22,987
Other non-current assets 4,057 3,956
Total assets 1,007,258 1,238,718
Current liabilities:    
Accounts payable 13,271 18,616
Accrued expenses 30,490 30,350
Operating lease liabilities 14,664 13,663
Total current liabilities 58,425 62,629
Operating lease liabilities, net of current portion 60,834 71,996
Other non-current liabilities 1,156 3,279
Total liabilities 120,415 137,904
Stockholders’ equity:    
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at September 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 125,000,000 shares authorized; 72,100,384 shares issued and 55,883,973 shares outstanding at September 30, 2023, and 71,256,118 shares issued and 55,039,707 shares outstanding at December 31, 2022 72 71
Additional paid-in capital 2,421,862 2,386,325
Accumulated other comprehensive loss (5,896) (12,535)
Treasury stock, at cost (16,216,411 shares at September 30, 2023 and December 31, 2022) (802,486) (802,486)
Accumulated deficit (726,709) (470,561)
Total stockholders’ equity 886,843 1,100,814
Total liabilities and stockholders’ equity $ 1,007,258 $ 1,238,718