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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 189,182 $ 226,748
Marketable securities 412,333 685,475
Accounts receivable 8,517 36,456
Prepaid expenses and other current assets 29,831 49,651
Total current assets 639,863 998,330
Marketable securities - noncurrent 260,215 99,864
Property and equipment, net 27,381 32,760
Operating lease right-of-use assets 219,292 115,375
Equity method investment 0 11,765
Investments and other assets 44,264 42,883
Total assets 1,191,015 1,300,977
Current liabilities:    
Accounts payable 14,589 7,452
Accrued expenses 55,355 67,017
Current portion of operating lease liability 20,246 18,599
Current portion of deferred revenue 20,661 22,140
Total current liabilities 110,851 115,208
Deferred revenue, net of current portion 18,256 38,853
Long-term operating lease liability 189,952 96,747
Total liabilities 319,059 250,808
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.0001 par value; 240,000,000 shares authorized at December 31, 2024 and December 31, 2023; 102,029,594 and 92,997,158 shares issued and outstanding at at December 31, 2024 and December 31, 2023, respectively 10 9
Additional paid-in capital 3,048,741 2,710,797
Accumulated other comprehensive income (loss) 605 (2,258)
Accumulated deficit (2,177,400) (1,658,379)
Total stockholders’ equity 871,956 1,050,169
Total liabilities and stockholders' equity $ 1,191,015 $ 1,300,977