Balance Sheet

v3.25.0.1

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 199,627	$ 204,017
Short-term investments	733,224	828,233
Total cash, cash equivalents and short-term investments	932,851	1,032,250
Other receivables	16,044	4,659
Prepaid expenses and other current assets	20,710	18,842
Total current assets	969,605	1,055,751
Property and equipment, net	120,954	103,430
Operating lease right-of-use assets	28,689	28,286
Restricted cash	762	762
Intangible assets	8,127	6,585
Goodwill	14,322	14,011
Other non-current assets	61,006	60,610
Total assets	1,203,465	1,269,435
Current liabilities
Accounts payable	4,261	3,006
Operating lease liabilities, current portion	5,031	4,312
Accrued expenses and other current liabilities	38,842	37,818
Total current liabilities	48,134	45,136
Operating lease liabilities, net of current portion	26,178	26,349
Warrant liability	95,410	62,936
Earnout shares liability	117,416	95,969
Other non-current liabilities	3,964	4,683
Total liabilities	291,102	235,073
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock: $0.0001 par value - 100,000,000 shares authorized at December 31, 2024 and 2023. No shares issued and outstanding at December 31, 2024 and 2023.	0	0
Common stock: $0.0001 par value - 1,400,000,000 shares authorized at December 31, 2024 and 2023, 784,176,364 and 698,262,025 shares issued and outstanding at December 31, 2024 and 2023, respectively	78	70
Additional paid-in capital	2,768,605	2,282,475
Accumulated deficit	(1,855,737)	(1,247,703)
Accumulated other comprehensive loss	(583)	(480)
Total stockholders’ equity	912,363	1,034,362
Total liabilities and stockholders’ equity	$ 1,203,465	$ 1,269,435

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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