XML 30 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 167,202 $ 561,572
Marketable securities 255,418 0
Accounts receivable, net 24,026 21,857
Accounts receivable - related parties 229 586
Prepaid expenses and other current assets 24,963 18,729
Total current assets 471,838 602,744
Property, plant and equipment, net 167,783 203,720
Operating lease right-of-use assets 360,918 394,435
Investments 15,066 48,704
Intangible assets, net 56,924 72,510
Other non-current assets 47,167 55,336
Total assets 1,119,696 1,377,449
Current liabilities:    
Accounts payable 10,566 14,169
Deferred revenue (includes $98 and $795 from related parties) 18,946 27,710
Accrued expenses and other current liabilities 66,458 65,387
Total current liabilities 95,970 107,266
Non-current liabilities:    
Deferred revenue, net of current portion (includes $64,787 and $72,260 from related parties) 75,182 98,783
Operating lease liabilities, non-current 417,078 438,766
Other non-current liabilities 22,876 16,576
Total liabilities 611,106 661,391
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; none issued 0 0
Common stock, $0.0001 par value (Note 13) 6 5
Additional paid-in capital 6,657,053 6,555,416
Accumulated deficit (6,150,320) (5,837,557)
Accumulated other comprehensive income (loss) 1,851 (1,806)
Total stockholders’ equity 508,590 716,058
Total liabilities and stockholders’ equity $ 1,119,696 $ 1,377,449