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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 80,129 $ 182,840
Marketable securities 66,268 18,827
Accounts receivable 69,230 4,309
Inventory, net 8,750 0
Prepaid expenses and other current assets 7,714 11,514
Total current assets 232,091 217,490
Property, equipment and software, net 13,975 18,100
Right-of-use asset 23,305 24,509
Other non current assets 1,392 1,556
Total assets 270,763 261,655
Current liabilities:    
Accounts payable 5,940 5,013
Accrued expenses and other current liabilities 23,087 29,334
Deferred revenue 10,302 16,319
Lease liabilities 5,141 4,864
Total current liabilities 44,470 55,530
Liability related to future royalties 70,256 0
Deferred revenue, net of current portion 55,840 55,503
Lease liabilities, net of current portion 31,868 32,597
Other non current liabilities 1,328 1,968
Total liabilities 203,762 145,598
Stockholders' equity:    
Common stock, $0.01 par value -- 125,000,000 shares authorized, 63,258,532 and 62,819,857 shares outstanding at September 30, 2025 and December 31, 2024, respectively 633 628
Additional paid-in capital 1,296,546 1,285,143
Accumulated other comprehensive income 5 4
Accumulated deficit (1,230,183) (1,169,718)
Total stockholders' equity 67,001 116,057
Total liabilities and stockholders' equity $ 270,763 $ 261,655