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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 333,554 $ 543,064
Marketable securities 1,769,121 1,746,235
Prepaid expenses and other current assets 31,907 38,333
Total current assets 2,134,582 2,327,632
Property and equipment, net 27,153 24,289
Operating lease right-of-use asset 115,777 117,534
Intangible assets, net 56,403 56,670
Goodwill 14,608 14,608
Restricted cash 3,698 3,698
Other noncurrent assets 13,132 13,870
Total assets 2,365,353 2,558,301
Current liabilities:    
Accounts payable 47,507 54,427
Accrued expenses and other current liabilities 98,113 96,615
Operating lease liability, current 12,979 12,872
Total current liabilities 158,599 163,914
Deferred tax liability 2,353 2,353
Operating lease liability, noncurrent 121,363 122,971
Warrant liability 750 3,189
Other noncurrent liabilities 4,138 670
Total liabilities 287,203 293,097
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively; none issued and outstanding at March 31, 2025 and December 31, 2024, respectively 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2025 and December 31, 2024, respectively; 186,258,206 and 185,896,625 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 18 18
Additional paid-in capital 4,027,642 4,001,666
Accumulated other comprehensive income 1,707 1,321
Accumulated deficit (1,951,217) (1,737,801)
Total stockholders' equity 2,078,150 2,265,204
Total liabilities and stockholders' equity $ 2,365,353 $ 2,558,301