XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 267,960 $ 281,967
Marketable securities 807,010 568,773
Prepaid expenses and other current assets 23,577 27,409
Total current assets 1,098,547 878,149
Property and equipment, net 108,290 111,412
Restricted cash 6,656 8,144
Operating lease right-of-use assets 96,995 104,865
Other assets 593 1,254
Total assets 1,311,081 1,103,824
Current liabilities:    
Accounts payable 9,545 3,871
Accrued expenses and other current liabilities 42,314 47,468
Current portion of derivative liabilities 6,500 8,400
Current portion of deferred revenue 110,320 108,858
Current portion of lease liability 12,688 13,469
Current portion of consideration liabilities 1,192  
Total current liabilities 182,559 182,066
Long-term lease liability 138,732 147,956
Long-term portion of contingent consideration liabilities 6,708 1,131
Long-term portion of deferred revenue 10,160 33,218
Long-term portion of derivative liabilities 6,654 5,404
Other liabilities 266 504
Total liabilities 345,079 370,279
Commitments and contingencies (See Note 7, License agreements and Note 8, Collaboration and license agreements)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, and no shares issued or outstanding at September 30, 2025 and December 31, 2024, respective
Common stock, $0.01 par value; 250,000,000 shares authorized, 101,359,765 and 83,633,069 issued and outstanding at and September 30, 2025 and December 31, 2024, respectively 1,014 836
Additional paid-in capital 2,855,118 2,298,661
Accumulated other comprehensive (loss) income 790 679
Accumulated deficit (1,890,920) (1,566,631)
Total stockholders' equity 966,002 733,545
Total liabilities and stockholders' equity $ 1,311,081 $ 1,103,824