v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 237,028 $ 292,005
Restricted cash 55,000 55,000
Accounts receivable 3,974 32,064
Prepaid expenses and other current assets 9,977 7,521
Total current assets 305,979 386,590
Property and equipment, net 9,531 12,427
Operating lease right-of-use asset, net 26,674 28,500
Non-current restricted cash 1,885 1,885
Total assets 344,069 429,402
Current liabilities:    
Accounts payable 7,194 5,279
Accrued liabilities 38,781 31,881
Deferred revenue 19,514 44,829
Total current liabilities 65,489 81,989
Deferred revenue, net of current portion 12,604 42,496
Operating lease liability, net of current portion 24,998 25,907
Other non-current liabilities   497
Total liabilities 103,091 150,889
Stockholders’ equity:    
Common stock: $0.001 par value; 60,000 shares authorized; issued and outstanding shares were 27,000 at December 31, 2024 and 26,828 at December 31, 2023 27 27
Additional paid-in capital 689,758 646,352
Accumulated deficit (448,807) (367,866)
Total stockholders’ equity 240,978 278,513
Total liabilities and stockholders’ equity $ 344,069 $ 429,402