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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 518,670 $ 397,451
Short-term investments 934,027 682,776
Prepaid expenses and other current assets 28,782 15,727
Total current assets 1,481,479 1,095,954
Property and equipment, net 125,973 79,626
Operating lease right-of-use assets 26,779 30,997
Long-term investments 399,243 162,675
Restricted cash 1,103 1,103
Other assets 52,690 37,562
Total noncurrent assets 605,788 311,963
Total assets 2,087,267 1,407,917
Current liabilities:    
Accounts payable 10,466 14,587
Accrued compensation 6,463 11,056
Accrued manufacturing expenses 36,472 52,767
Accrued expenses 22,153 59,815
Operating lease liabilities — current 7,293 7,113
Total current liabilities 82,847 145,338
Operating lease liabilities — long-term 18,288 22,111
Total liabilities 101,135 167,449
Commitments and contingencies
Stockholders' Equity    
Preferred stock, $0.001 par value — 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; no shares issued and outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value — 500,000,000 shares authorized at June 30, 2024 and December 31, 2023; 110,575,993 and 95,364,831 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 114 98
Additional paid-in capital 3,132,318 2,164,583
Accumulated other comprehensive gain 1,815 179
Accumulated deficit (1,148,115) (924,392)
Total stockholders' equity 1,986,132 1,240,468
Total liabilities and stockholders' equity $ 2,087,267 $ 1,407,917