v3.25.2
OTHER ASSETS
6 Months Ended
Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS

8. OTHER ASSETS

The following table summarizes the Company’s other current assets for each of the periods indicated:

 

 

 

As of
June 30, 2025

 

 

As of
December 31, 2024

 

 

 

(in thousands)

 

Collaboration and other receivables

 

$

73,256

 

 

$

34,608

 

Prepaid maintenance services

 

 

15,592

 

 

 

13,407

 

Prepaid clinical and pre-clinical expenses

 

 

10,821

 

 

 

10,220

 

Tax-related receivables and prepaids

 

 

7,244

 

 

 

13,132

 

Prepaid insurance

 

 

4,113

 

 

 

3,668

 

Prepaid commercial expenses

 

 

3,729

 

 

 

3,371

 

Interest receivable

 

 

1,800

 

 

 

1,970

 

Other

 

 

11,039

 

 

 

10,085

 

Total other current assets

 

$

127,594

 

 

$

90,461

 

 

The following table summarizes the Company’s other non-current assets for each of the periods indicated:

 

 

 

As of
June 30, 2025

 

 

As of
December 31, 2024

 

 

 

(in thousands)

 

Intangible assets, net

 

$

30,522

 

 

$

26,887

 

Manufacturing-related deposits and prepaids

 

 

25,436

 

 

 

25,964

 

Restricted cash*

 

 

15,579

 

 

 

15,579

 

Prepaid maintenance services

 

 

4,218

 

 

 

4,381

 

Other

 

 

7,382

 

 

 

3,394

 

Total other non-current assets

 

$

83,137

 

 

$

76,205

 

 

* The Company had $15.6 million in restricted cash included in other non-current assets on the Company’s unaudited condensed consolidated balance sheets as of both June 30, 2025 and December 31, 2024. Restricted cash for both periods relates to (i) letters of credit established under the Company’s various property leases that serve as security for potential future default of lease payments, (ii) a letter of credit established under a certain commercial supply agreement and (iii) collateralized cash for the Company’s credit cards. The restricted cash is unavailable for withdrawal or use for general obligations.