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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 126,892 $ 214,234
Short-term marketable securities 413,238 549,236
Accounts receivable, net [1] 16,282 20,312
Supplies [2] 18,390 18,632
Prepaid expenses and other current assets [3] 14,579 17,447
Total current assets 589,381 819,861
Property and equipment, net [4] 56,180 69,061
Operating lease right-of-use assets 56,061 66,373
Restricted cash 6,974 3,349
Intangible assets, net 1,885,140 2,016,890
Other non-current assets 7,295 7,773
Total assets 2,601,031 2,983,307
Current liabilities:    
Accounts payable [5] 3,407 4,844
Accrued liabilities [6] 58,076 57,241
Operating lease liabilities, current portion 14,022 13,260
Other current liabilities 1,928 1,580
Total current liabilities 77,433 76,925
Operating lease liabilities, net of current portion 44,568 54,881
Deferred tax liability, net 236,265 345,860
Other non-current liabilities 2,802 2,236
Total liabilities 361,068 479,902
Preferred stock, par value of $0.001 per share; 50,000,000 shares authorized, no shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock $0.001 par value per share, 1,500,000,000 shares authorized, 36,160,998 shares issued and outstanding as of September 30, 2025, 33,893,409 shares issued and outstanding as of December 31, 2024 36 34
Additional paid-in capital 12,349,976 12,305,250
Accumulated other comprehensive income 2,456 1,451
Accumulated deficit (10,112,505) (9,803,330)
Total stockholders' equity 2,239,963 2,503,405
Total liabilities and stockholders’ equity $ 2,601,031 $ 2,983,307
[1] Includes related party accounts receivable, net of $34 and $65, respectively.
[2] Includes related party supplies of $975 and $3,130, respectively.
[3] Includes related party prepaid expenses and other current assets of $62 and $77, respectively.
[4] Includes related party property and equipment, net of $1,636 and $2,227, respectively.
[5] Includes related party accounts payable of $54 and nil, respectively.
[6] Includes related party accrued liabilities of $94 and $104, respectively.