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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 471,400 $ 185,082
Marketable securities 444,473 410,269
Prepaid and other assets 18,601 15,956
Total current assets 934,474 611,307
Property and equipment, net 8,655 8,381
Restricted cash 295 295
Right-of-use assets 7,625 8,271
Other assets 425 301
Total assets 951,474 628,555
Current liabilities:    
Accounts payable and accrued liabilities 37,330 34,341
Accrued compensation 7,796 14,335
Lease liabilities, current portion 3,726 3,639
Deferred revenue, current portion 26,103 28,365
Total current liabilities 74,955 80,680
Lease liabilities, net of current portion 5,421 6,213
Deferred revenue, net of current portion 40,199 40,898
Total liabilities 120,575 127,791
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares – 400,000; issued and outstanding shares – 95,594 and 79,275 at March 31, 2024 and December 31, 2023, respectively 10 8
Additional paid-in capital 1,470,972 1,071,395
Accumulated other comprehensive income (loss) (464) 125
Accumulated deficit (639,619) (570,764)
Total stockholders’ equity 830,899 500,764
Total liabilities and stockholders’ equity $ 951,474 $ 628,555