Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

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