XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 271,566,000 $ 180,426,000
Short-term marketable debt securities 208,564,000 267,601,000
Other receivables 2,988,000 2,844,000
Prepaid expenses 23,146,000 23,418,000
Total current assets 506,264,000 474,289,000
Non-current assets    
Operating lease right-of-use assets 2,589,000 2,922,000
Property and equipment, net 711,000 722,000
Other non-current assets 1,698,000 0
Total non-current assets 4,998,000 3,644,000
Total assets 511,262,000 477,933,000
Current liabilities    
Trade and other payables 12,006,000 8,992,000
Accrued expenses and other current liabilities 10,543,000 12,099,000
Short-term portion of operating lease liabilities 1,432,000 1,372,000
Total current liabilities 23,981,000 22,463,000
Non-current liabilities    
Long-term debt 73,022,000 0
Long-term portion of operating lease liabilities 1,142,000 1,458,000
Pension liability 536,000 621,000
Total non-current liabilities 74,700,000 2,079,000
Total liabilities 98,681,000 24,542,000
Commitments and contingencies (Note 16)
Equity    
Additional paid-in capital 680,664,000 677,415,000
Accumulated deficit (275,537,000) (235,593,000)
Accumulated other comprehensive income 2,387,000 4,997,000
Total shareholders’ equity 407,520,000 446,825,000
Noncontrolling interests 5,061,000 6,566,000
Total equity 412,581,000 453,391,000
Total liabilities and equity 511,262,000 477,933,000
Common Class A    
Equity    
Common shares 6,000 6,000
Common Class C    
Equity    
Common shares $ 0 $ 0