Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 138,542	$ 131,541
Marketable securities	39,959	138,372
Accounts receivable	588	16,266
Prepaid expenses and other current assets	3,707	3,136
Total current assets	182,796	289,315
Property and equipment, net	4,576	14,497
Right-of-use assets	19,011	32,554
Restricted cash and other non-current assets	4,198	5,223
Total assets	210,581	341,589
Current liabilities:
Accounts payable	6,723	5,493
Accrued expenses	48,068	45,859
Liability for sale of future revenues, current	5,000	5,000
Deferred revenue, current	0	6,221
Operating lease liabilities	6,146	14,652
Total current liabilities	65,937	77,225
Operating lease liabilities, net of current portion	14,989	20,380
Liability for sale of future revenues - non-current	51,670	52,434
Deferred revenue, net of current portion	54,204	54,204
Other non-current liabilities	4,592	3,072
Total liabilities	191,392	207,315
Stockholders’ equity
Preferred stock, $0.0001 par value per share: 5,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.0001 par value per share: 390,000,000 and 195,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; 87,388,425 and 82,734,696 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	9	8
Additional paid-in capital	1,616,931	1,602,441
Accumulated other comprehensive income	15	268
Accumulated deficit	(1,597,766)	(1,468,443)
Total stockholders’ equity	19,189	134,274
Total liabilities and stockholders’ equity	$ 210,581	$ 341,589

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).