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Collaboration Agreements (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Accounts Receivable and Contract Liabilities

The following table presents changes in the Company’s accounts receivable and contract liabilities for the six months ended June 30, 2025 (in thousands):


	Balance at December 31, 2024		Additions		Deductions		Balance at June 30, 2025
Accounts receivable	$	16,266	$	2,181	$	(17,859)	$	588
Contract liabilities:
Deferred revenue	$	60,425	$	—	$	(6,221)	$	54,204

Schedule of Change in Contract Assets and Contract Liabilities

During the three and six months ended June 30, 2025 and 2024, the Company recognized the following collaboration revenue (in thousands):


Revenue recognized in the period from:	June 30, 2025					June 30, 2024
	Three Months Ended		Six Months Ended			Three Months Ended		Six Months Ended
Amounts included in deferred revenue at the beginning of the period	$	2,000	$	6,221	$	$	—	$	—
Performance obligations satisfied in previous periods	$	—	$	—	$	$	—	$	—