Balance Sheet

v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 336,313	$ 199,627
Short-term investments	654,671	733,224
Total cash, cash equivalents and short-term investments	990,984	932,851
Other receivables	3,588	16,044
Prepaid expenses and other current assets	19,949	20,710
Total current assets	1,014,521	969,605
Property and equipment, net	134,999	120,954
Operating lease right-of-use assets	28,325	28,689
Restricted cash	693	762
Intangible assets	5,690	8,127
Goodwill	14,322	14,322
Other non-current assets	61,326	61,006
Total assets	1,259,876	1,203,465
Current liabilities:
Accounts payable	4,508	4,261
Operating lease liabilities, current portion	5,567	5,031
Accrued and other current liabilities	48,822	38,842
Total current liabilities	58,897	48,134
Operating lease liabilities, net of current portion	25,346	26,178
Warrant liability	108,861	95,410
Earnout shares liability	159,199	117,416
Other non-current liabilities	9,281	3,964
Total liabilities	361,584	291,102
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock: $0.0001 par value - 100,000,000 shares authorized. No shares issued and outstanding.	0	0
Common stock: $0.0001 par value - 1,400,000,000 shares authorized; 850,621,503 and 784,176,364 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.	85	78
Additional paid-in capital	3,161,578	2,768,605
Accumulated deficit	(2,262,817)	(1,855,737)
Accumulated other comprehensive loss	(554)	(583)
Total stockholders’ equity	898,292	912,363
Total liabilities and stockholders’ equity	$ 1,259,876	$ 1,203,465

- 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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