v3.25.2
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 64,025 $ 190,304
Marketable securities 141,106 126,591
Accounts receivable 7,999 8,616
Prepaid expenses and other current assets 18,500 17,799
Total current assets 231,630 343,310
Property and equipment, net 14,981 18,190
Operating lease right-of-use assets 14,836 17,677
Other non-current assets 50 7,172
Restricted cash 858 858
Total assets 262,355 387,207
Current liabilities:    
Accounts payable 4,308 10,475
Accrued compensation 11,764 12,905
Deferred revenue - current 11,964 69,783
Operating lease liability - current 8,057 7,480
Accrued expenses and other current liabilities 38,153 31,250
Total current liabilities 74,246 131,893
Deferred revenue - non-current 6,906 12,536
Operating lease liability - non-current 11,536 15,674
Deferred royalty obligation related to the sale of future royalties 200,084 180,809
Other non-current liabilities 1,694 1,694
Total liabilities 294,466 342,606
Commitments and contingencies (Note 6)
Stockholders' (deficit) equity:    
Preferred stock, $0.001 par value - 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, $0.001 par value - 300,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 84,720,047 and 82,526,430 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 85 83
Additional paid-in-capital 842,153 831,348
Accumulated other comprehensive (loss) income (13) 39
Accumulated deficit (874,336) (786,869)
Total stockholders' (deficit) equity (32,111) 44,601
Total Liabilities and Stockholders' (Deficit) Equity $ 262,355 $ 387,207

Source

10-Q PDF XBRL Zip