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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 575,751 $ 185,082
Marketable securities 723,295 410,269
Prepaid and other assets 29,755 15,956
Total current assets 1,328,801 611,307
Property and equipment, net 8,498 8,381
Restricted cash 2,795 295
Right-of-use assets 6,967 8,271
Other assets 364 301
Total assets 1,347,425 628,555
Current liabilities:    
Accounts payable and accrued liabilities 40,924 34,341
Accrued compensation 12,826 14,335
Lease liabilities, current portion 3,765 3,639
Deferred revenue, current portion 26,697 28,365
Total current liabilities 84,212 80,680
Lease liabilities, net of current portion 4,617 6,213
Deferred revenue, net of current portion 37,560 40,898
Total liabilities 126,389 127,791
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares – 400,000; issued and outstanding shares – 109,266 and 79,275 at June 30, 2024 and December 31, 2023, respectively 11 8
Additional paid-in capital 1,931,890 1,071,395
Accumulated other comprehensive income (loss) (453) 125
Accumulated deficit (710,412) (570,764)
Total stockholders’ equity 1,221,036 500,764
Total liabilities and stockholders’ equity $ 1,347,425 $ 628,555