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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 135,089 $ 105,219
Marketable securities 266,740 123,439
Restricted cash 0 200
Prepaid expenses and other current assets 7,488 3,095
Total current assets 409,317 231,953
Property and equipment, net 5,425 3,193
Operating lease right-of-use assets 10,303  
Other assets 1,559 4,273
Total assets 426,604 239,419
Current liabilities    
Accounts payable 956 2,182
Accrued research and development expenses 19,258 10,653
Accrued expenses and other current liabilities 16,709 7,568
Total current liabilities 36,923 20,403
Long-term debt 28,459  
Operating lease liabilities - long-term 8,737  
Accrued expenses - long-term   718
Total liabilities 74,119 21,121
Commitments and contingencies
Stockholders' equity (deficit)    
Common stock, $0.0001 par value; 700,000,000 shares authorized as of December 31, 2019 and 49,160,177 shares authorized as of December 31, 2018; 66,284,003 shares issued and 61,635,477 shares outstanding as of December 31, 2019, and 15,533,450 shares issued and 8,051,418 shares outstanding as of December 31, 2018 7 2
Additional paid-in capital 686,390 33,853
Accumulated deficit (334,170) (153,863)
Accumulated other comprehensive income (loss) 258 (61)
Total stockholders' equity (deficit) 352,485 (120,069)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 426,604 239,419
Series Seed Convertible Preferred Stock    
Current liabilities    
Convertible preferred stock, shares issued, outstanding, and liquidation preference   29,200
Series A Convertible Preferred Stock    
Current liabilities    
Convertible preferred stock, shares issued, outstanding, and liquidation preference   79,615
Series B Convertible Preferred Stock    
Current liabilities    
Convertible preferred stock, shares issued, outstanding, and liquidation preference   $ 229,552