0001737287-23-000018 | 10-K | XBRL Viewer | Allogene Therapeutics INC

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Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Dec. 31, 2022	Feb. 24, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38693
Entity Registrant Name	Allogene Therapeutics, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-3562771
Entity Address, Address Line One	210 East Grand Avenue
Entity Address, City or Town	South San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94080
City Area Code	650
Local Phone Number	457-2700
Title of 12(b) Security	Common Stock, Par Value $0.001 Per Share
Trading Symbol	ALLO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,009
Entity Common Stock, Shares Outstanding (in shares)		144,497,383
Documents Incorporated by Reference	Portions of the Registrant’s Definitive Proxy Statement relating to the 2023 Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission on or before May 1, 2023, are incorporated by reference into Part III of this Report.
Amendment Flag	false
Entity Central Index Key	0001737287
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	San Mateo, California

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 61,904	$ 173,314
Short-term investments	455,416	283,988
Prepaid expenses and other current assets	11,504	14,021
Total current assets	528,824	471,323
Long-term investments	59,151	352,179
Operating lease right-of-use asset	83,592	58,030
Property and equipment, net	112,839	122,990
Restricted cash	10,292	10,292
Other long-term assets	9,564	5,815
Equity method investment	12,817	18,005
Total assets	817,079	1,038,634
Current liabilities:
Accounts payable	13,890	10,255
Accrued and other current liabilities	39,743	37,496
Deferred revenue	885	423
Total current liabilities	54,518	48,174
Lease liability, noncurrent	95,122	69,929
Other long-term liabilities	1,569	4,125
Total liabilities	151,209	122,228
Commitments and Contingencies (Notes 6 and 7)
Stockholders’ equity:
Preferred stock, $0.001 par value: 10,000,000 authorized as of December 31, 2022 and December 31, 2021; no shares were issued and outstanding as of December 31, 2022 and December 31, 2021	0	0
Common stock, $0.001 par value: 400,000,000 and 200,000,000 shares authorized as of December 31, 2022 and December 31, 2021, respectively; 144,438,304 and 142,623,065 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively	144	142
Additional paid-in capital	1,911,632	1,822,179
Accumulated deficit	(1,235,980)	(903,348)
Accumulated other comprehensive loss	(9,926)	(2,567)
Total stockholders’ equity	665,870	916,406
Total liabilities and stockholders’ equity	$ 817,079	$ 1,038,634
Common stock, shares authorized (in shares)	400,000,000	200,000,000

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par or stated value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	400,000,000	200,000,000
Common stock, shares issued (in shares)	144,438,304	142,623,065
Common stock, shares outstanding (in shares)	144,438,304	142,623,065

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Other Comprehensive Income [Abstract]
Collaboration revenue - related party	$ 243	$ 38,489	$ 0
Operating expenses:
Research and development	256,387	220,176	192,987
General and administrative	79,305	74,105	65,256
Total operating expenses	335,692	294,281	258,243
Loss from operations	(335,449)	(255,792)	(258,243)
Other income (expense), net:
Interest and other income, net	4,566	1,714	9,164
Other expenses	(1,749)	(2,927)	(1,142)
Total other income (expense), net	2,817	(1,213)	8,022
Net loss	(332,632)	(257,005)	(250,221)
Other comprehensive income:
Net unrealized loss on available-for-sale investments	(7,359)	(2,835)	(877)
Net comprehensive loss	$ (339,991)	$ (259,840)	$ (251,098)
Net loss per share, basic (in dollars per share)	$ (2.32)	$ (1.89)	$ (2.08)
Net loss per share, diluted (in dollars per share)	$ (2.32)	$ (1.89)	$ (2.08)
Weighted-average number of shares used in computing net loss per share, basic (in shares)	143,147,165	135,820,386	120,370,177
Weighted-average number of shares used in computing net loss per share, diluted (in shares)	143,147,165	135,820,386	120,370,177

Consolidated Statements of Stockholders’ Equity - USD ($) $ in Thousands	Total	ATM offering	Public offering	Common Stock	Common Stock ATM offering	Common Stock Public offering	Additional Paid-in Capital	Additional Paid-in Capital ATM offering	Additional Paid-in Capital Public offering	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2019				124,267,358
Beginning balance at Dec. 31, 2019	$ 629,023			$ 124			$ 1,023,876			$ (396,122)	$ 1,145
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for exercise of stock options (in shares)				1,725,695
Issuance of common stock upon exercise of stock options and vesting of RSUs	8,815			$ 2			8,813
Vesting of early exercised common stock	2,840						2,840
Stock-based compensation	65,261						65,261
Employee stock purchase plan (in shares)				175,142
Employee stock purchase plan	2,843						2,843
Issuance of common stock, net of issuance costs (in shares)		848,663			848,663	13,457,447
Issuance of common stock, net of issuance costs		$ 26,203	$ 595,730		$ 1	$ 13		$ 26,202	$ 595,717
Net loss	(250,221)									(250,221)
Net unrealized loss on available-for-sale investments	(877)										(877)
Ending balance (in shares) at Dec. 31, 2020				140,474,305
Ending balance at Dec. 31, 2020	1,079,617			$ 140			1,725,552			(646,343)	268
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for exercise of stock options (in shares)				1,961,554
Issuance of common stock upon exercise of stock options and vesting of RSUs	8,346			$ 2			8,344
Vesting of early exercised common stock	3,848						3,848
Stock-based compensation	80,818						80,818
Employee stock purchase plan (in shares)				187,206
Employee stock purchase plan	3,617						3,617
Net loss	(257,005)									(257,005)
Net unrealized loss on available-for-sale investments	$ (2,835)										(2,835)
Ending balance (in shares) at Dec. 31, 2021	142,623,065			142,623,065
Ending balance at Dec. 31, 2021	$ 916,406			$ 142			1,822,179			(903,348)	(2,567)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for exercise of stock options (in shares)				1,453,624
Issuance of common stock upon exercise of stock options and vesting of RSUs	489			$ 2			487
Vesting of early exercised common stock	2,905						2,905
Stock-based compensation	83,600						83,600
Employee stock purchase plan (in shares)				361,615
Employee stock purchase plan	2,461						2,461
Net loss	(332,632)									(332,632)
Net unrealized loss on available-for-sale investments	$ (7,359)										(7,359)
Ending balance (in shares) at Dec. 31, 2022	144,438,304			144,438,304
Ending balance at Dec. 31, 2022	$ 665,870			$ 144			$ 1,911,632			$ (1,235,980)	$ (9,926)

Consolidated Statements of Convertible Preferred Stock and Stockholders’ Equity (Deficit) (Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
ATM offering
Net issuance cost on equity	$ 0.6
Public offering
Net issuance cost on equity	$ 36.8

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (332,632)	$ (257,005)	$ (250,221)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	83,600	80,818	65,261
Amortization of other intangible assets acquired	0	0	151
Depreciation and amortization	14,295	10,454	7,435
Net amortization/accretion on investment securities	2,891	6,955	3,250
Non-cash rent expense	2,433	2,611	3,955
Share of losses from equity method investments	5,188	3,444	1,154
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	2,517	3,199	(3,177)
Other long-term assets	(3,334)	(646)	34
Accounts payable	4,868	(767)	615
Accrued and other current liabilities	1,749	3,652	18,726
Deferred revenue	462	(38,569)	38,992
Other long-term liabilities	(2,556)	1,042	(1,268)
Net cash used in operating activities	(220,519)	(184,812)	(115,093)
Cash flows from investing activities:
Purchases of property and equipment	(5,191)	(21,446)	(65,958)
Purchase of stock in equity method investment	0	(17,710)	0
Proceeds from sales of investments	0	0	4,799
Proceeds from maturities of investments	359,459	728,394	593,627
Purchase of investments	(248,109)	(525,583)	(1,037,591)
Net cash provided by (used in) investing activities	106,159	163,655	(505,123)
Cash flows from financing activities:
Proceeds from issuance of common stock from ATM offering, net of commissions and issuance costs	0	0	26,203
Proceeds from issuance of common stock from public offering, net of commissions and issuance costs	0	0	595,730
Proceeds from issuance of common stock and upon exercise of stock options	489	8,346	8,815
Proceeds from issuance of common stock under the employee stock purchase plan	2,461	3,617	2,843
Net cash provided by financing activities	2,950	11,963	633,591
Net increase (decrease) in cash, cash equivalents and restricted cash	(111,410)	(9,194)	13,375
Cash, cash equivalents and restricted cash — beginning of period	183,606	192,800	179,425
Cash, cash equivalents and restricted cash — end of period	72,196	183,606	192,800
Non-cash operating, investing and financing activities:
Right-of-use asset obtained in exchange for lease liability	31,361	20,079	0
Property and equipment purchases in accounts payable and accrued and other current liabilities	678	1,725	8,567
Capitalized cloud computing costs included in accounts payable and accrued and other current liabilities	415	0	584
Supplemental disclosure:
Cash paid for amounts included in the measurement of lease liabilities	(9,540)	(6,013)	(6,244)
Cash received for amounts related to tenant improvement allowances from lessors	$ 325	$ 1,111	$ 2,809

Description of Business and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business and Summary of Significant Accounting Policies

Allogene Therapeutics, Inc. (the Company or Allogene) was incorporated on November 30, 2017 in the State of Delaware and is headquartered in South San Francisco, California. Allogene is a clinical-stage immuno-oncology company pioneering the development of genetically engineered allogeneic T cell product candidates for the treatment of cancer. The Company is developing a pipeline of off-the-shelf T cell product candidates that are designed to target and kill cancer cells.

Public Offerings

In November 2019, the Company entered into a sales agreement with Cowen and Company, LLC (Cowen), as amended on November 2, 2022, under which the Company may from time to time issue and sell shares of its common stock through Cowen in at-the-market (ATM) offerings for an aggregate offering price of up to $250.0 million. The aggregate compensation payable to Cowen as the Company's sales agent equals up to 3.0% of the gross sales price of the shares sold through it pursuant to the sales agreement. During the year ended December 31, 2020, the Company sold an aggregate of 848,663 shares of common stock in ATM offerings resulting in net proceeds of $26.2 million. As of December 31, 2022, $167.3 million remains available for sale under the sales agreement with Cowen.

In June 2020, the Company sold 13,457,447 shares of its common stock, which included 1,755,319 shares sold pursuant to the full exercise of the underwriters' option to purchase additional shares, in an underwritten public offering at a price of $47.00 per share, which resulted in gross proceeds of approximately $632.5 million. Net proceeds to the Company after deducting the underwriting discounts and commissions and other expenses were approximately $595.7 million.

Need for Additional Capital

The Company has sustained operating losses and expects to continue to generate operating losses for the foreseeable future. The Company’s ultimate success depends on the outcome of its research and development activities as well as the ability to commercialize the Company’s product candidates. The Company had cash, cash equivalents and investments of $576.5 million as of December 31, 2022. Since inception through December 31, 2022, the Company has incurred cumulative net losses of $1,236.0 million. Management expects to incur additional losses in the future to fund its operations and conduct product research and development and recognizes the need to raise additional capital to fully implement its business plan.

The Company intends to raise additional capital through the issuance of equity securities, debt financings or other sources in order to further implement its business plan. However, if such financing is not available at adequate levels, the Company will need to reevaluate its operating plan and may be required to delay the development of its product candidates. The Company expects that its cash and cash equivalents and investments will be sufficient to fund its operations for at least the next 12 months from the date the Company’s Annual Report on Form 10-K is filed with the Securities and Exchange Commission (SEC).

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).

In June 2020, the Company formed a wholly-owned, Netherlands-based subsidiary, Allogene Therapeutics, B.V., to help prepare for and assist with the Company's activities in Europe. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated during consolidation.

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions made in the accompanying consolidated financial statements include but are not limited to the fair value of common stock, the fair value of stock options, the fair value of investments, income tax

uncertainties, and certain accruals. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances change. Actual results could differ from those estimates.

Concentration of Credit and other Risks and Uncertainties

Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash and cash equivalents and investments. The primary objectives for the Company’s investment portfolio are the preservation of capital and the maintenance of liquidity. The Company does not enter into any investment transaction for trading or speculative purposes.

The Company’s investment policy limits investments to certain types of instruments such as certificates of deposit, commercial paper, money market instruments, obligations issued by the U.S. government and U.S. government agencies as well as corporate debt securities, and places restrictions on maturities and concentration by type and issuer. The Company maintains cash balances in excess of amounts insured by the FDIC and concentrated within a limited number of financial institutions. The accounts are monitored by management and management believes that the financial institutions are financially sound, and, accordingly, minimal credit risk exists with respect to these financial institutions. As of December 31, 2022 and 2021, the Company has not experienced any credit losses in such accounts or investments.

The Company is subject to a number of risks common for early-stage biopharmaceutical companies including, but not limited to, the ability to achieve any clinical or commercial success of its product candidates, ability to obtain regulatory approval of its product candidates, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and patients, significant competition, dependency on the Company's contract manufacturing organization, and ability to manufacture.

Segments

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (CODM) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer. The Company has determined it operates in a single operating segment and has one reportable segment.

Cash, Cash Equivalents and Restricted Cash

The Company considers all highly liquid investments purchased with original maturities of three months or less from the purchase date to be cash equivalents. Cash equivalents consist primarily of amounts invested in bank money market accounts and money market mutual funds.

The Company has issued letters of credit under separate lease and other agreements which have been collateralized by restricted cash. This cash is classified as long-term restricted cash on the accompanying consolidated balance sheets based on the terms of the underlying agreements.

Investments

Investments are available-for-sale and are carried at estimated fair value. The Company’s valuations of marketable securities are generally derived from independent pricing services based upon quoted prices in active markets for similar securities, with prices adjusted for yield and number of days to maturity, or based on industry models using data inputs, such as interest rates and prices that can be directly observed or corroborated in active markets. Management determines the appropriate classification of its investments in debt securities at the time of purchase and at the end of each reporting period. Investments with original maturities of less than three months at the date of purchase are classified as cash and cash equivalents. Investments with original maturities beyond three months at the date of purchase and which mature at, or less than twelve months from the consolidated balance sheet date are classified as current.

Unrealized gains and losses are excluded from earnings and are reported as a component of other comprehensive income. The Company periodically evaluates whether declines in fair values of its available-for-sale securities below their book value are other-than-temporary. This evaluation consists of several qualitative and quantitative factors regarding the severity and duration of the unrealized loss as well as the Company’s ability and intent to hold the available-for-sale security until a forecasted recovery occurs. Additionally, the Company assesses whether it has plans to sell the security or it is more likely than not it will be required to sell any available-for-sale securities before recovery of its amortized cost basis. Realized gains and

losses and declines in fair value judged to be other than temporary, if any, on available-for-sale securities are included in interest and other income, net. The cost of investments sold is based on the specific-identification method. Interest income on investments is included in interest and other income, net.

Fair Value Measurement

Assets and liabilities recorded at fair value on a recurring basis in the consolidated balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value is defined as the exchange price that would be received for an asset or an exit price that would be paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The authoritative guidance on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows:

Level 1—Observable inputs such as unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.

Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

Level 3— Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Property and Equipment, Net

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed on a straight-line basis over the estimated useful lives of the related assets, generally three to seven years. Maintenance and repairs are charged to operations as incurred. Upon sale or retirement of assets, the cost and related accumulated depreciation are removed from the consolidated balance sheet and the resulting gain or loss is reflected in other expense.

The Company has determined the estimated life of assets to be as follows:


Laboratory equipment			5 years
Computer equipment and purchased software			3 - 5 years
Fixtures and furniture			7 years
Leasehold improvements			Shorter of lease term or useful life

The Company adopted Accounting Standards Update ("ASU") No. 2018-15, Intangibles – Goodwill and other – Internal-Use Software (Subtopic 350-40) on January 1, 2020 on a prospective basis. The Company capitalizes implementation costs associated with internal use cloud computing arrangements in alignment with ASC 350-40 internal-use software. Costs incurred in preliminary project stage and post implementation stage are expensed as incurred. Costs incurred during the application development stage of implementation are capitalized in other long term assets on the consolidated balance sheet. Capitalized implementation costs from cloud computing arrangements are amortized over the term of the cloud-based service arrangement.

Leases

The Company early adopted ASU No. 2016-2, Leases on January 1, 2018. For its long-term operating leases, the Company recognizes a right-of-use asset and a lease liability on its consolidated balance sheets. The lease liability is determined as the present value of future lease payments using an estimated rate of interest that the Company would pay to borrow equivalent funds on a collateralized basis at the lease commencement date. The right-of-use asset is based on the liability adjusted for any prepaid or deferred rent. The lease term at the commencement date is determined by considering whether renewal options and termination options are reasonably assured of exercise.

Rent expense for the operating lease is recognized on a straight-line basis over the lease term and is included in operating expenses on the consolidated statements of operations and comprehensive loss. Variable lease payments include lease operating expenses.

The Company elected to exclude from its consolidated balance sheets recognition of leases having a term of 12 months or less (short-term leases) and elected to not separate lease components and non-lease components for its long-term real-estate leases.

Equity Method Investments

The Company uses the equity method of accounting for equity investments in companies if the investment provides the ability to exercise significant influence, but not control, over operating and financial policies of the investee. The Company's proportionate share of the net income or loss of these companies is included in other expenses in the consolidated statement of operations. Judgment regarding the level of influence over each equity method investment includes considering key factors such as our ownership interest, representation on the board of directors, participation in policy-making decisions and material purchase and sale transactions.

The Company evaluates equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment might not be recoverable. Factors considered when reviewing an equity method investment for impairment include the length of time (duration) and the extent (severity) to which the fair value of the equity method investment has been less than cost, the investee’s financial condition and near-term prospects and the intent and ability to hold the investment for a period of time sufficient to allow for anticipated recovery. An impairment that is other-than-temporary is recognized in the period identified.

Variable Interest Entities

For entities in which the Company has variable interests, the Company focuses on identifying if one of the entities is the primary beneficiary through having the power to direct the activities that most significantly impact the variable interest entity’s economic performance and having the obligation to absorb losses or the right to receive benefits from the variable interest entity. If the Company is the primary beneficiary of a variable interest entity, the assets, liabilities, and results of operations of the variable interest entity will be included in the Company’s consolidated financial statements. The Company did not consolidate any variable interest entities in any of the periods presented because the Company determined that it was not the primary beneficiary.

Accrued Research and Development Costs

The Company records accrued liabilities for estimated costs of research and development activities conducted by collaboration partners and third-party service providers, which include the conduct of preclinical studies and clinical trials, and contract manufacturing activities. The Company records the estimated costs of research and development activities based upon the estimated amount of services provided but not yet invoiced and includes these costs in accrued and other current liabilities on the consolidated balance sheets and within research and development expenses on the consolidated statements of operations and comprehensive loss.

The Company accrues for these costs based on factors such as estimates of the work completed and in accordance with agreements established with its collaboration partners and third-party service providers. The Company makes significant judgments and estimates in determining the accrued liabilities balance at the end of each reporting period. As actual costs become known, the Company adjusts its accrued liabilities. The Company has not experienced any material differences between accrued costs and actual costs incurred since its inception.

Income Taxes

Income taxes are accounted for under the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. Management makes an assessment of the likelihood that the resulting deferred tax assets will be realized. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. Due to the Company’s historical operating performance and net losses, the net deferred tax assets have been fully offset by a valuation allowance.

The Company recognizes uncertain income tax positions at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Changes in recognition or measurement are reflected in the period in which judgment occurs. The Company’s policy is to recognize interest and penalties related to the underpayment of income taxes as a component of the provision for income taxes.

Stock-Based Compensation

The Company measures its stock-based awards granted to employees, consultants and directors based on the estimated fair values of the awards and recognizes the compensation over the requisite service period. The Company uses the Black-Scholes option-pricing model or the lattice option pricing model to estimate the fair value of its stock-based awards. Stock-based compensation is recognized using the straight-line method. As the stock compensation expense is based on awards ultimately expected to vest, it is reduced by forfeitures. The Company accounts for forfeitures as they occur.

Net Loss Per Share

Basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the period, without consideration for potential dilutive shares of common stock. Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share since the effects of potentially dilutive securities are antidilutive. Shares of common stock subject to repurchase are excluded from the weighted-average shares.

Comprehensive Loss

Comprehensive loss includes net loss and certain changes in stockholders’ equity that are excluded from net loss. For the years ended December 31, 2022, 2021 and 2020 this was comprised of unrealized gains and losses, net of tax, on the Company’s investments.

Impairment of Long-Lived Assets

Long-lived assets are reviewed annually for impairment or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparison of the carrying amount of an asset group to the future net undiscounted cash flows that the assets are expected to generate. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the projected discounted future net cash flows arising from the asset. There were impairment losses related to equipment disposals of less than $0.1 million for each of the years ended December 31, 2022 and 2021, respectively. There were no impairment losses related to equipment disposals for the year ended December 31, 2020.

Revenue Recognition

The Company’s revenue has been generated through collaboration research and license agreements. The terms of these agreements may contain multiple deliverables which may include (i) grant of licenses, (ii) transfer of know-how, (iii) research and development activities, (iii) clinical manufacturing and, (iv) product supply. The payment terms of these agreements may include nonrefundable upfront fees, payments for research and development activities, payments based upon the achievement of certain milestones, royalty payments based on product sales derived from the collaboration, and payments for supplying product.

The Company analyzes its collaboration arrangements to assess whether they are within the scope of ASC 808, Collaborative Arrangements (ASC 808) to determine whether such arrangements involve joint operating activities performed by parties that are both active participants in the activities and exposed to significant risks and rewards dependent on the commercial success of such activities. This assessment is performed throughout the life of the arrangement based on changes in the responsibilities of all parties in the arrangement. For collaboration arrangements within the scope of ASC 808 that contain multiple elements, the Company first determines which elements of the collaboration are deemed to be within the scope of ASC 808 and those that are more reflective of a vendor-customer relationship and, therefore, within the scope of Topic 606, Revenue from Contracts with Customers (ASC 606). For elements of collaboration arrangements that are accounted for pursuant to ASC 808, an appropriate recognition method is determined and applied consistently, generally by analogy to Topic 606.

For elements of those arrangements that the Company determines should be accounted for under ASC 606, the Company assesses which activities in the collaboration agreements are performance obligations that should be accounted for separately and determines the transaction price of the arrangement, which includes the assessment of the probability of achievement of future milestones and other potential consideration. A performance obligation represents a promise in a contract to transfer a distinct good or service to a customer, which represents a unit of accounting in accordance with ASC 606. A performance obligation is considered distinct from other obligations in a contract when it provides a benefit to the customer either on its own or together with other resources that are readily available to the customer and is separately identified in the contract. The Company considers a performance obligation satisfied once the Company has transferred control of a good or

service to the customer, meaning the customer has the ability to use and obtain the benefit of the good or service. A portion of the consideration should be allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The total consideration which the Company expects to collect in exchange for the Company’s products is an estimate and may be fixed or variable. The Company constrains the estimated variable consideration when it assesses it is probable that a significant reversal in the amount of cumulative revenue recognized may occur in future periods. The transaction price is re-evaluated, including the estimated variable consideration included in the transaction price and all constrained amounts, in each reporting period and as uncertain events are resolved or other changes in circumstances occur. The allocation of the transaction price is performed based on standalone selling prices, which are based on estimated amounts that the Company would charge for a performance obligation if it were sold separately. Revenue is recognized when, or as, performance obligations in the contracts are satisfied, in the amount reflecting the expected consideration to be received from the goods or services transferred to the customers. Funds received in advance are recorded as deferred revenue and are recognized as the related performance obligation is satisfied.

Research and Development Expenses

Research and development costs are expensed as incurred and consist of salaries and benefits, including associated stock-based compensation, and laboratory supplies and facility costs, as well as fees paid to other entities that conduct certain research and development activities on the Company’s behalf. Research and development expenses also include costs incurred for internal and sponsored collaborative research and development activities. Costs associated with co-development activities performed under the various license and collaboration agreements are included in research and development expenses.

Nonrefundable advance payments for goods or services to be received in the future for use in research and development activities are capitalized and then expensed as the related goods are delivered or the services are performed.

Recent Accounting Guidance	12 Months Ended
Recent Accounting Guidance	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Guidance	Recent Accounting Guidance Recently Adopted Accounting Pronouncements There have been no new accounting pronouncements issued or effective that are expected to have a material impact on the Company's consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted The Company continues to monitor new accounting pronouncements issued by the FASB and does not believe any accounting pronouncements issued through the date of this report will have a material impact on the Company's consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company follows authoritative accounting guidance, which among other things, defines fair value, establishes a consistent framework for measuring fair value and expands disclosure for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability.

The Company measures and reports its cash equivalents, restricted cash, and investments at fair value.

Money market funds are measured at fair value on a recurring basis using quoted prices and are classified as Level 1. Investments are measured at fair value based on inputs other than quoted prices that are derived from observable market data and are classified as Level 2 inputs, except for investments in U.S. treasury securities which are classified as Level 1.

There were no Level 3 assets or liabilities at December 31, 2022 or 2021.

Financial assets subject to fair value measurements on a recurring basis and the level of inputs used in such measurements by major security type as of December 31, 2022 are presented in the following table:


	December 31, 2022
	Level 1		Level 2		Level 3		Fair Value
	(in thousands)
Financial Assets:
Money market funds ¹	$	10,679	$	—	$	—	$	10,679
Commercial paper	—		4,954		—		4,954
Corporate bonds	—		153,256		—		153,256
U.S. treasury securities	318,022		—		—		318,022
U.S. agency securities	—		39,416		—		39,416
Total financial assets	$	328,701	$	197,626	$	—	$	526,327

¹ Included within cash and cash equivalents on the Company’s consolidated balance sheet

Financial assets subject to fair value measurements on a recurring basis and the level of inputs used in such measurements by major security type as of December 31, 2021 are presented in the following table:


	December 31, 2021
	Level 1		Level 2		Level 3		Fair Value
	(in thousands)
Financial Assets:
Money market funds ¹	$	115,867	$	—	$	—	$	115,867
Commercial paper	—		58,976		—		58,976
Corporate bonds	—		223,474		—		223,474
U.S. treasury securities	303,016		—		—		303,016
U.S. agency securities	—		50,701		—		50,701
Total financial assets	$	418,883	$	333,151	$	—	$	752,034

¹ Included within cash and cash equivalents on the Company’s consolidated balance sheet

The carrying amounts of accounts payable and accrued liabilities approximate their fair values due to their short-term maturities. The Company’s Level 2 securities are valued using third-party pricing sources. The pricing services utilize industry standard valuation models, including both income and market-based approaches, for which all significant inputs are observable, either directly or indirectly.

There were no transfers of assets between the fair value measurement levels during the years ended December 31, 2022 or 2021.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Investments

12 Months Ended

Dec. 31, 2022

Investments, All Other Investments [Abstract]

Investments

InvestmentsThe fair value and amortized cost of cash equivalents and available-for-sale securities by major security type as of December 31, 2022 are presented in the following table:


	December 31, 2022
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
	(in thousands)
Money market funds	$	10,679	$	—	$	—	$	10,679
Commercial paper	4,956		—		(2)		4,954
Corporate bonds	156,019		25		(2,788)		153,256
U.S. treasury securities	323,077		5		(5,060)		318,022
U.S. agency securities	41,078		—		(1,662)		39,416
Total cash equivalents and investments	$	535,809	$	30	$	(9,512)	$	526,327

Classified as:
Cash equivalents							$	11,760
Short-term investments							455,416
Long-term investments							59,151
Total cash equivalents, and investments							$	526,327

The fair value and amortized cost of cash equivalents and available-for-sale securities by major security type as of December 31, 2021 are presented in the following table:


	December 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
	(in thousands)
Money market funds	$	115,867	$	—	$	—	$	115,867
Commercial paper	58,981		2		(7)		58,976
Corporate bonds	224,092		29		(647)		223,474
U.S. treasury securities	304,142		2		(1,128)		303,016
U.S. agency securities	51,075		—		(374)		50,701
Total cash equivalents and investments	$	754,157	$	33	$	(2,156)	$	752,034

Classified as:
Cash equivalents							$	115,867
Short-term investments							283,988
Long-term investments							352,179
Total cash equivalents, and investments							$	752,034

The Company believes that it is more likely than not that investments in an unrealized loss position will be held until maturity and all interest and principal will be received. The Company does not intend to sell these investments and it is more likely than not that the Company will not be required to sell the investment before recovery of its amortized cost basis.

The fair values of available-for-sale debt investments by contractual maturity as of December 31, 2022 and 2021 were as follows:


	December 31,
	2022		2021
	(in thousands)
Due in 1 year or less	$	456,497	$	283,988
Due in 1 - 2 years	59,151		314,130
Due in 3 years	—		38,049
Instruments not due at a single maturity date	10,679		115,867
Total cash equivalents and investments	$	526,327	$	752,034

As of December 31, 2022 and 2021, the remaining contractual maturities of available-for-sale securities were less than three years. There have been no significant realized losses on available-for-sale securities for the years ended December 31, 2022, 2021 and 2020. As of December 31, 2022 and 2021, unrealized losses on available-for-sale securities are not attributed to credit risk. The Company believes that it is more likely than not that investments in an unrealized loss position will be held until maturity and all interest and principal will be received. The Company believes that an allowance for credit losses is unnecessary because the unrealized losses on certain of the Company’s available-for-sale securities are due to market factors. As of December 31, 2022 and 2021, securities with a fair value of $329.4 million and zero, respectively, were in a continuous net unrealized loss position for more than 12 months. To date, the Company has not recorded any impairment charges on available-for-sale securities.

As of December 31, 2022 and 2021, the Company recognized $1.8 million and $1.9 million, respectively, of accrued interest receivable from available-for-sale securities within prepaid expenses and other current assets on the consolidated balance sheets.

Balance Sheet Components

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

Property and Equipment, Net


	December 31,
	2022		2021
	(in thousands)
Leasehold improvements	$	108,550	$	108,353
Laboratory equipment	32,601		29,666
Computer equipment and purchased software	4,533		4,373
Furniture and fixtures	4,012		3,920
Construction in progress	28		39
Total	149,724		146,351
Less: accumulated depreciation	(36,885)		(23,361)
Total property and equipment, net	$	112,839	$	122,990

Depreciation expense for the years ended December 31, 2022, 2021 and 2020 was $14.3 million, $10.5 million and $7.4 million, respectively. Disposals of property and equipment were less than $0.1 million for the years ended December 31, 2022 and 2021. Disposals of property and equipment were zero for the year ended December 31, 2020.

Accrued Liabilities

Accrued liabilities consist of the following:


	December 31,
	2022		2021
	(in thousands)
Accrued compensation and related benefits	$	17,935	$	16,126
Accrued research and development expenses	11,790		13,521
Accrued lease liability	6,002		3,200
Unvested shares liability	1,898		2,904
Other	2,118		1,745
Total accrued and other current liabilities	$	39,743	$	37,496

License and Collaboration Agreements	12 Months Ended
License and Collaboration Agreements	Dec. 31, 2022
Research and Development [Abstract]
License and Collaboration Agreements	License and Collaboration Agreements Asset Contribution Agreement with Pfizer In April 2018, the Company entered into an Asset Contribution Agreement (the Pfizer Agreement) with Pfizer pursuant to which the Company acquired certain assets, including certain contracts and intellectual property for the development and administration of chimeric antigen receptor (CAR) T cells for the treatment of cancer. The Company is required to make milestone payments upon successful completion of regulatory and sales milestones on a target-by-target basis for the targets including CD19 and B-cell maturation antigen (BCMA), covered by the Pfizer Agreement. The aggregate potential milestone payments upon successful completion of various regulatory milestones in the United States and the European Union are $30.0 million or $60.0 million, depending on the target, with aggregate potential regulatory and development milestones of up to $840.0 million, provided that the Company is not obligated to pay a milestone for regulatory approval in the European Union for an anti-CD19 allogeneic CAR T cell product, to the extent Servier has commercial rights to such territory. The aggregate potential milestone payments upon reaching certain annual net sales thresholds in North America, Europe, Asia, Australia and Oceania (the Territory) for a certain number of targets covered by the Pfizer Agreement are $325.0 million per target. The sales milestones in the foregoing sentence are payable on a country-by-country basis until the last to expire of any Pfizer Royalty Term, as described below, for any product in such country in the Territory. In October 2019, the Territory was expanded to all countries in the world. No milestone or royalty payments were made in the years ended December 31, 2022, 2021 and 2020. Pfizer is also eligible to receive, on a product-by-product and country-by-country basis, royalties in single-digit percentages on annual net sales for products covered by the Pfizer Agreement or that use certain Pfizer intellectual property and for which an IND is first filed on or before April 6, 2023. The Company’s royalty obligation with respect to a given product in a given country begins upon the first sale of such product in such country and ends on the later of (i) expiration of the last claim of any applicable patent or (ii) 12 years from the first sale of such product in such country. Research Collaboration and License Agreement with Cellectis As part of the Pfizer Agreement, Pfizer assigned to the Company a Research Collaboration and License Agreement (the Original Cellectis Agreement) with Cellectis S.A. (Cellectis). On March 8, 2019, the Company entered into a License Agreement (the Cellectis Agreement) with Cellectis. In connection with the execution of the Cellectis Agreement, on March 8, 2019, the Company and Cellectis also entered into a letter agreement (the Letter Agreement), pursuant to which the Company and Cellectis agreed to terminate the Original Cellectis Agreement. The Original Cellectis Agreement included a research collaboration to conduct discovery and pre-clinical development activities to generate CAR T cells directed at targets selected by each party, which was completed in June 2018. Pursuant to the Cellectis Agreement, Cellectis granted to the Company an exclusive, worldwide, royalty-bearing license, on a target-by-target basis, with sublicensing rights under certain conditions, under certain of Cellectis’s intellectual property, including its TALEN and electroporation technology, to make, use, sell, import, and otherwise exploit and commercialize CAR T products directed at certain targets, including BCMA, CD70, Claudin 18.2, DLL3 and FLT3 (the Allogene Targets), for human oncologic therapeutic, diagnostic, prophylactic and prognostic purposes. In addition, certain Cellectis intellectual property rights granted by Cellectis to the Company and to Servier pursuant to the Exclusive License and Collaboration Agreement by and between Servier and Pfizer, dated October 30, 2016, which Pfizer assigned to the Company in April 2018, will survive the termination of the Original Cellectis Agreement. Pursuant to the Cellectis Agreement, the Company granted Cellectis a non-exclusive, worldwide, royalty-free, perpetual and irrevocable license, with sublicensing rights under certain conditions, under certain of the Company's intellectual property, to make, use, sell, import and otherwise commercialize CAR T products directed at certain targets (the Cellectis Targets). The Cellectis Agreement provides for development and sales milestone payments by the Company of up to $185.0 million per product that is directed against an Allogene Target, with aggregate potential development and sales milestone payments totaling up to $2.8 billion. Cellectis is also eligible to receive tiered royalties on annual worldwide net sales of any products that are commercialized by the Company that contain or incorporate, are made using or are claimed or covered by, Cellectis intellectual property licensed to the Company under the Cellectis Agreement (the Allogene Products), at rates in the high single-digit percentages. Such royalties may be reduced, on a licensed product-by-licensed product and country-by-country basis, for generic entry and for payments due under licenses of third party patents. Pursuant to the Cellectis Agreement, and subject to certain exceptions, the Company is required to indemnify Cellectis against all third party claims related to the development, manufacturing, commercialization or use of any Allogene Product or arising out of the Company’s material breach of the representations, warranties or covenants set forth in the Cellectis Agreement, and Cellectis is required, subject to certain exceptions, to indemnify the Company against all third party claims related to the development, manufacturing, commercialization or use of CAR T products directed at Cellectis Targets or arising out of Cellectis’s material breach of the representations, warranties or covenants set forth in the Cellectis Agreement. The royalties are payable, on a licensed product-by-licensed product and country-by-country basis, until the later of (i) the expiration of the last to expire of the licensed patents covering such product; (ii) the loss of regulatory exclusivity afforded such product in such country, and (iii) the tenth anniversary of the date of the first commercial sale of such product in such country; however, in no event shall such royalties be payable, with respect to a particular licensed product, past the twentieth anniversary of the first commercial sale for such product. Depending on the Cellectis Target, the Company has a right of first refusal or right of first negotiation to purchase or license from Cellectis rights to develop and commercialize products against such Cellectis Targets. Under the Cellectis Agreement, the Company has certain diligence obligations to progress the development of CAR T product candidates and to commercialize one CAR T product per Allogene Target in one major market country where the Company has received regulatory approval. If the Company materially breaches any of its diligence obligations and fails to cure within 90 days, then with respect to certain targets, such target will cease to be an Allogene Target and instead will become a Cellectis Target. Unless earlier terminated in accordance with its terms, the Cellectis Agreement will expire on a product-by-product and country-by-country basis, upon expiration of all royalty payment obligations with respect to such licensed product in such country. The Company has the right to terminate the Cellectis Agreement at will upon 60 days’ prior written notice, either in its entirety or on a target-by-target basis. Either party may terminate the Cellectis Agreement, in its entirety or on a target-by-target basis, upon 90 days’ prior written notice in the event of the other party’s uncured material breach. The Cellectis Agreement may also be terminated by the Company upon written notice at any time in the event that Cellectis becomes bankrupt or insolvent or upon written notice within 60 days of a consummation of a change of control of Cellectis. All costs the Company incurred in connection with this agreement were recognized as research and development expenses in the consolidated statement of operations. For the years ended December 31, 2022 and 2020, zero clinical development milestones were achieved. For the year ended December 31, 2021, $10.0 million of costs were incurred related to the achievement of clinical development milestones under this agreement. License and Collaboration Agreement with Servier As part of the Pfizer Agreement, Pfizer assigned to the Company an Exclusive License and Collaboration Agreement (the Servier Agreement), with Les Laboratoires Servier SAS and Institut de Recherches Internationales Servier SAS (collectively, Servier) to develop, manufacture and commercialize certain allogeneic anti-CD19 CAR T cell product candidates, including UCART19, in the United States with the option to obtain the rights over additional anti-CD19 product candidates and for allogeneic CAR T cell product candidates directed against one additional target. In October 2019, the Company agreed to waive its rights to the one additional target. Under the Servier Agreement, the Company has an exclusive license to develop, manufacture and commercialize UCART19, ALLO-501 and ALLO-501A in the field of anti-tumor adoptive immunotherapy in the United States, with an exclusive option to obtain the same rights for additional product candidates in the United States and, if Servier does not elect to pursue development or commercialization of those product candidates in certain markets outside of the United States pursuant to its license, outside of the United States as well. The Company is not required to make any additional payments to Servier to exercise an option. If the Company opts-in to another product candidate, Servier has the right to obtain rights to such product candidate outside the United States and to share development costs for such product candidate. Under the Servier Agreement, the Company is required to use commercially reasonable efforts to develop and obtain marketing approval in the United States in the field of anti-tumor adoptive immunotherapy for at least one product directed against CD19, and Servier is required to use commercially reasonable efforts to develop and obtain marketing approval in the European Union, and one other country in a group of specified countries outside of the European Union and the United States, in the field of anti-tumor adoptive immunotherapy for at least one allogeneic adaptive T cell product directed against a certain Company-selected target. For product candidates that the Company is co-developing with Servier, including UCART19, ALLO-501 and ALLO-501A, the Company is responsible for 60% of the specified development costs and Servier is responsible for the remaining 40% of the specified development costs under the applicable global research and development plan. Subject to certain restrictions, each party has the right to conduct activities that are specific to its territory outside the global research and development plan at such party’s sole expense. In addition, each party is solely responsible for commercialization activities in its territory at such party’s sole expense. The Company is required to make milestone payments to Servier upon successful completion of regulatory and sales milestones. The Servier Agreement provides for aggregate potential payments by the Company to Servier of up to $137.5 million upon successful completion of various regulatory milestones, and aggregate potential payments by the Company to Servier of up to $78.0 million upon successful completion of various sales milestones. Similarly, Servier is required to make milestone payments upon successful completion of regulatory and sales milestones for products directed at the Allogene-target covered by the Servier Agreement that achieves such milestones. The total potential payments that Servier is obligated to make to the Company under the Servier Agreement upon successful completion of regulatory and sales milestones are $42 million and €70.5 million ($75.4 million), respectively. The foregoing milestones are subject to certain adjustments if the Company obtains rights for certain products outside of the United States upon Servier’s election not to pursue such rights. Each party is also eligible to receive tiered royalties on annual net sales in countries within the paying party’s respective territory of any licensed products that are commercialized by such party that are directed at the targets licensed by such party under the Servier Agreement. The royalty rates are in a range from the low tens to the high teen percentages. Such royalties may be reduced for interchangeable drug entry, expiration of patent rights and amounts paid pursuant to licenses of third-party patents. The royalty obligation for each party with respect to a given licensed product in a given country in each party’s respective territory (the Servier Royalty Term) begins upon the first commercial sale of such product in such country and ends after a defined number of years. Unless earlier terminated in accordance with the Servier Agreement, the Servier Agreement will continue, on a licensed product-by-licensed product and country-by-country basis, until the Servier Royalty Term with respect to the sale of such licensed product in such country expires. For the years ended December 31, 2022, 2021 and 2020, the Company recorded $19.9 million, $17.1 million, and $8.5 million, respectively, of net cost recoveries under the cost-sharing terms of the Servier Agreement as a reduction to research and development expenses. As of December 31, 2022 and 2021, amounts due from Servier of $1.5 million and $4.1 million, respectively, were recorded in other current assets in the accompanying consolidated balance sheets. For the year ended December 31, 2022, $8.0 million in costs were incurred related to the achievement of a clinical development milestone under the Servier Agreement. Zero clinical development milestones were achieved for the years ended December 31, 2021 and 2020. On September 15, 2022, Servier sent a notice of discontinuation (Discontinuation) of its involvement in the development of all licensed products directed against CD19, including UCART19, ALLO-501 and ALLO-501A (collectively, CD19 Products), pursuant to the Servier Agreement. Servier’s Discontinuation provides the Company with the right to elect a license to the CD19 Products outside of the United States (Ex-US Option) and does not otherwise affect the Company's current exclusive license for the development and commercialization of CD19 Products in the United States. However, Servier has disputed the implications of the Discontinuation, namely whether development cost contributions continue and the timeframe during which the Company has the right to elect a license to CD19 Products outside of the United States. In December 2022, Servier sent the Company a notice for material breach due to the Company's purported refusal to allow an audit of certain manufacturing costs under the cost share arrangement. While the Company does not believe Servier has such an audit right, the Company is currently progressing such audit with Servier to recover outstanding manufacturing costs owed by Servier to the Company. Research Collaboration and License Agreement with Notch Therapeutics On November 1, 2019, the Company entered into a Collaboration and License Agreement (the Notch Agreement) with Notch Therapeutics Inc. (Notch), pursuant to which Notch granted to Allogene an exclusive, worldwide, royalty-bearing, sublicensable license under certain of Notch’s intellectual property to develop, make, use, sell, import, and otherwise commercialize therapeutic gene-edited T cell and/or natural killer (NK) cell products from induced pluripotent stem cells directed at certain CAR targets for initial application in non-Hodgkin lymphoma, acute lymphoblastic leukemia and multiple myeloma. In addition, Notch has granted Allogene an option to add certain specified targets to its exclusive license in exchange for an agreed per-target option fee. The Notch Agreement includes a research collaboration to conduct research and pre-clinical development activities to generate engineered cells directed to Allogene’s exclusive targets, which will be conducted in accordance with an agreed research plan and budget under the oversight of a joint development committee. Allogene will reimburse Notch’s costs incurred in accordance with such plan and budget. The term of the research collaboration will expire upon the earlier of (i) the fifth anniversary of the date of the Notch Agreement, (ii) at Allogene’s election, following the joint development committee’s determination that for each exclusive target, Notch has met certain success criteria, or (iii) the joint development committee’s determination that the research collaboration cannot be reasonably pursued against any exclusive target due to technical infeasibility or safety issues. In connection with the execution of the Notch Agreement, Allogene made an upfront payment to Notch of $10.0 million in return for a license to access Notch's technology in order to conduct research pursuant to the Notch Agreement. The Company recognized a research and development expense of $10 million during the year ended December 31, 2019 as the license had no foreseeable alternative future use. In addition, Allogene made a $5.0 million investment in Notch’s series seed convertible preferred stock, resulting in Allogene having a 25% ownership interest in Notch’s outstanding capital stock on a fully diluted basis immediately following the investment. In connection with this investment, an Allogene representative serves on the Notch Board of Directors. In February 2021, the Company made an additional $15.9 million investment in Notch's Series A preferred stock. In October 2021, the Company made an additional $1.8 million investment in Notch's common stock. Immediately following this transaction, the Company's share in Notch was 23.0% on a voting interest basis. The Company did not have a controlling interest in Notch as of December 31, 2022, and continued to account for its investment in Notch as an equity method investment. Under the Notch Agreement, Notch will be eligible to receive up to $7.25 million upon achieving certain agreed research milestones, up to $4.0 million per exclusive target upon achieving certain pre-clinical development milestones, and up to $283.0 million per exclusive target and cell type (i.e., T cell or NK cell) upon achieving certain clinical, regulatory and commercial milestones. Notch is also entitled to receive tiered royalties in the mid to high single digit range on Allogene’s sales of licensed products, subject to certain reductions, for a term, on a country-by-country and product-by-product basis, commencing on first commercial sale of such product in such country and continuing until the latest of (i) the date upon which there is no valid claim of the licensed patents in such country of sale that covers such product, (ii) the expiration of applicable data or other regulatory exclusivity in such country of sale or (iii) a defined period from the first commercial sale of such product in such country. The terms of the Notch Agreement will continue on a product-by-product and country-by-country basis until Allogene’s payment obligations with respect to such product in such country have expired. Following such expiration, Allogene’s license with respect to such product and country shall be perpetual, irrevocable, fully paid up and royalty-free. Allogene may terminate the Collaboration Agreement in whole or on a product-by-product basis upon ninety days’ prior written notice to Notch. Either party may also terminate the Collaboration Agreement with written notice upon material breach by the other party, if such breach has not been cured within a defined period of receiving such notice, or in the event of the other party’s insolvency. For the years ended December 31, 2022, 2021, and 2020, the Company recorded $3.8 million, $4.3 million, and $3.2 million, respectively, in collaboration costs as research and development expenses. For the year ended December 31, 2021, $0.3 million in costs were incurred related to the achievement of a research milestone under this agreement. Zero milestones were achieved for the years ended December 31, 2022 and 2020. Strategic Alliance with The University of Texas MD Anderson Cancer Center On October 6, 2020, the Company entered into a strategic five-year collaboration agreement with The University of Texas MD Anderson Cancer Center (MD Anderson) for the preclinical and clinical investigation of allogeneic CAR T cell product candidates. The Company and MD Anderson are collaborating on the design and conduct of preclinical and clinical studies with oversight from a joint steering committee. Under the terms of the agreement, the Company has committed up to $15.0 million of funding for the duration of the agreement. Payment of this funding is contingent on mutual agreement to study orders in order for any study to be included under the alliance. The Company made an upfront payment of $3.0 million to MD Anderson in the year ended December 31, 2020. The Company is obligated to make further payments to MD Anderson each year upon the anniversary of the agreement effective date through the duration of the agreement term. These costs are expensed to research and development as MD Anderson renders the services under the strategic alliance. The agreement may be terminated by either party for material breach by the other party. Individual studies may be terminated for, among other things, material breach, health and safety concerns or where the institutional review board, the review board at the clinical site with oversight of the clinical study, requests termination of any study. Where any legal or regulatory authorization is finally withdrawn or terminated, the relevant study will also terminate automatically. For the years ended December 31, 2022, 2021, and 2020, the Company recorded $1.4 million, $1.0 million, and zero, respectively, in collaboration costs under this agreement as research and development expenses. Joint Venture and License Agreement with Allogene Overland Biopharm (CY) Limited On December 14, 2020, the Company entered into a License Agreement with Allogene Overland Biopharm (CY) Limited (Allogene Overland), a joint venture established by the Company and Overland Pharmaceuticals (CY) Inc. (Overland), pursuant to a Share Purchase Agreement, dated December 14, 2020, for the purpose of developing, manufacturing and commercializing certain allogeneic CAR T cell therapies for patients in greater China, Taiwan, South Korea and Singapore (the JV Territory). Pursuant to the Share Purchase Agreement, the Company acquired Seed Preferred Shares in Allogene Overland representing 49% of Allogene Overland's outstanding stock as partial consideration for the License Agreement, and Overland acquired Seed Preferred Shares representing 51% of Allogene Overland's outstanding stock for $117.0 million in upfront and certain quarterly cash payments, to support operations of Allogene Overland. As of December 31, 2022, the Company and Overland are the sole equity holders in Allogene Overland. The Company received $40 million from Allogene Overland as partial consideration for the License Agreement. Pursuant to the License Agreement, the Company granted Allogene Overland an exclusive license to develop, manufacture and commercialize certain allogeneic CAR T cell candidates directed at four targets, BCMA, CD70, FLT3, and DLL3, in the JV Territory. As consideration, the Company would also be entitled to additional regulatory milestone payments of up to $40.0 million and, subject to certain conditions, tiered low-to-mid single-digit sales royalties. Subsequent to entering into the License Agreement, Allogene Overland assigned the License Agreement to a wholly-owned subsidiary, Allogene Overland BioPharm (HK) Limited. On April 1, 2022, Allogene Overland HK assigned the License Agreement to Allogene Overland Biopharm (PRC) Co., Limited. Promises that the Company concluded were distinct performance obligations in the License Agreement included: (1) the license of intellectual property and delivery of know-how, (2) the manufacturing license, related know-how and support, (3) if and when available know-how developed in future periods, and (4) participation in the joint steering committee. In order to determine the transaction price, the Company evaluated all the payments to be received during the duration of the contract. Fixed consideration exists in the form of the upfront payment. Regulatory milestones and royalties were considered variable consideration. The Company constrains the estimated variable consideration when it assesses it is probable that a significant reversal in the amount of cumulative revenue recognized may occur in future periods. Milestone fees were constrained and not included in the transaction price due to the uncertainties of research and development. The Company re-evaluates the transaction price, including the estimated variable consideration included in the transaction price and all constrained amounts, in each reporting period and as uncertain events are resolved or other changes in circumstances occur. The shares of Series Seed Preferred Stock were accounted for as part of the Company’s joint venture and equity method accounting upon formation of the joint venture, and as such, were excluded from the transaction price. The Company determined that the initial transaction price consists of the upfront payment of $40.0 million. The allocation of the transaction price is performed based on standalone selling prices, which are based on estimated amounts that the Company would charge for a performance obligation if it were sold separately. The transaction price allocated to the license of intellectual property and delivery of know-how will be recognized upon grant of license and delivery of know-how. The transaction price allocated to (i) the manufacturing license, related know-how and support services, (ii) if and when available know-how developed in future periods, and (iii) participation in the joint steering committee, will be recognized over time as the services are delivered. Funds received in advance are recorded as deferred revenue and will be recognized as the performance obligations are satisfied. The Company has determined that Allogene Overland is a variable interest entity as of December 31, 2022 and 2021, respectively. The Company does not have the power to independently direct the activities which most significantly affect Allogene Overland's economic performance. Accordingly, for the years ended December 31, 2022 and 2021, the Company did not consolidate Allogene Overland because the Company determined that it was not the primary beneficiary. For the years ended December 31, 2022, 2021 and 2020, the Company recognized $0.2 million, $38.5 million and zero, respectively, of collaboration revenue, primarily related to the delivery of a performance obligation consisting of a license of intellectual property and related know-how which was delivered in the first quarter of 2021. For the year ended December 31, 2022, the Company recorded $0.7 million of net cost recoveries under the terms of the license agreement as a reduction to research and development expenses. For the years ended December 31, 2021 and 2020, the Company recorded zero net cost recoveries. Collaboration and License Agreement with Antion On January 5, 2022, the Company entered into an exclusive collaboration and global license agreement (Antion Collaboration and License Agreement) with Antion Biosciences SA (Antion) for Antion’s miRNA technology (miCAR), to advance multiplex gene silencing as an additional tool to develop next generation allogeneic CAR T products. Pursuant to the agreement, Antion will exclusively collaborate with the Company on oncology products for a defined period. The Company will also have exclusive worldwide rights to commercialize products incorporating Antion technology developed during the collaboration. The Antion Collaboration and License Agreement includes an exclusive research collaboration to conduct research and development of the use of Antion’s proprietary technologies to produce certain products for a defined period, which will be conducted in accordance with an agreed research plan and budget under the oversight of a joint steering committee. The Company will reimburse Antion's costs incurred in accordance with such plan and budget. In connection with the execution of the Antion Collaboration and License Agreement, the Company made an upfront payment to Antion of $3.5 million in return for a license to access Antion's technology in order to conduct research pursuant to the agreement. The upfront payment was fully recognized as research and development expense as the license had no foreseeable alternative future use. In addition, the Company made a $3.0 million investment in Antion's preferred stock and is expected to make an additional $3.0 million investment in Antion's preferred stock upon achievement of an agreed milestone. The Company accounts for its investment in Antion's preferred stock as an equity investment measured at cost less any impairment. In connection with this investment, a Company representative was appointed to Antion’s Board of Directors. Under the Antion Collaboration and License Agreement, Antion will be eligible to receive up to $35.3 million for four products upon achievement of certain development and regulatory milestones. For each additional product, Antion will be eligible to receive $2.0 million upon achievement of a regulatory milestone. Antion is also entitled to receive a low single-digit royalty on the Company’s sales of licensed products, subject to certain reductions. For the year ended December 31, 2022, the Company recorded $5.0 million in research and development expenses related to the upfront payment and collaboration costs, of which $0.5 million is recorded in accrued and other liabilities as of December 31, 2022. The Company's total equity investment in Antion was $3.0 million as of December 31, 2022 and is recognized in other long-term assets in the consolidated balance sheets.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Leases

In August 2018, the Company entered into an operating lease agreement (HQ Lease) for new office and laboratory space which consists of approximately 68,000 square feet located in South San Francisco, California. The lease term was 127 months beginning August 2018 through February 2029 with an option to extend the term for 7 years which was not reasonably assured of exercise. The Company has made certain tenant improvements, including the addition of laboratory space, and has

received $5.0 million of tenant improvement allowances up to December 31, 2022. The rent payments began on March 1, 2019 after an abatement period. In December 2021, the Company amended its lease agreement to lease an additional 47,566 square feet of office and laboratory space in South San Francisco, California, as part of the same building as the Company’s current headquarters. The lease term commenced in April 2022 and is for a period of 120 months. The rent payments for the expansion premises began in August 2022 after an abatement period. The lease term for the existing premises was also extended and the lease for both the existing and expansion premises will expire on March 31, 2032 with an option to extend the term for 8 years which is not reasonably assured of exercise.

In October 2018, the Company entered into an operating lease agreement for office and laboratory space which consists of 14,943 square feet located in South San Francisco, California. The lease term was 124 months beginning November 2018 through February 2029, with an option to extend the term for another 7 years which was not reasonably assured of exercise. The Company has made certain tenant improvements, including the upgrading of current office and laboratory space with a lease incentive allowance of $0.8 million. Rent payments began in November 2018. In December 2021, the Company amended its lease agreement to extend the term of the lease to be co-terminus with the HQ Lease. The lease term will expire March 31, 2032 with an option to extend the term for 8 years which is not reasonably assured of exercise.

In February 2019, the Company entered into a lease agreement for approximately 118,000 square feet of space to develop a cell therapy manufacturing facility in Newark, California. The lease term is 188 months and began in November 2020. Upon certain conditions, the Company has two ten-year options to extend the lease, both of which are not reasonably assured of exercise. The Company has received $3.0 million of tenant improvement allowances for costs related to the design and construction of certain Company improvements.

The Company maintains letters of credit for the benefit of landlords which is disclosed as restricted cash in the consolidated balance sheet. Restricted cash related to letters of credit due to landlords was $6.0 million as of December 31, 2022 and 2021.

The balance sheet classification of our lease liabilities were as follows (in thousands):


	December 31, 2022		December 31, 2021
Operating lease liabilities
Current portion included in accrued and other current liabilities	$	6,002	$	3,200
Long-term portion of lease liabilities	95,122		69,929
Total operating lease liabilities	$	101,124	$	73,129

The components of lease costs for operating leases, which were recognized in operating expenses, were as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Operating lease cost	$	11,664	$	7,513	$	7,390
Variable lease cost	2,139		1,629		1,382
Total lease costs	$	13,803	$	9,142	$	8,772

Cash paid for amounts included in the measurement of lease liabilities for the year ended December 31, 2022 was $9.5 million and was included in net cash used in operating activities in the Company's consolidated statements of cash flows.

The undiscounted future non-cancellable lease payments under the Company's operating leases as of December 31, 2022 is as follows:


Year ending December 31:	(in thousands)
2023	$	12,049
2024	12,447
2025	12,627
2026	12,819
2027 and thereafter	90,492
Total undiscounted lease payments	140,434
Less: Present value adjustment	(39,310)
Total	$	101,124

Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company uses its estimated incremental borrowing rate. The weighted average discount rate used to determine the operating lease liability was 6.20%. As of December 31, 2022, the weighted average remaining lease term for our operating leases is 9.97 years.

Rent expense for short-term leases was $0.3 million, $0.3 million and $0.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Certain lease agreements require the Company to return designated areas of leased space to its original condition upon termination of the lease agreement. At the inception of such leases, the Company records an asset retirement obligation and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. To determine the fair value of the obligation, the Company estimates the cost for a third-party to perform the restoration work. In subsequent periods, for each asset retirement obligation, the Company records interest expense to accrete the asset retirement obligation liability to full value and depreciate each capitalized asset retirement obligation asset, both over the term of the associated lease agreement. Asset retirement obligations were $0.6 million and $0.5 million as of December 31, 2022 and 2021 respectively.

Other Commitments

Solar Power Purchase and Energy Services Agreement

In July 2020, the Company entered into a Solar Power Purchase and Energy Services Agreement for the installation and operation of a solar photovoltaic generating system and battery energy storage system at the Company's cell therapy manufacturing facility in Newark, California. The agreement has a term of 20 years and commenced in September 2022. The Company is obligated to pay for electricity generated from the system at an agreed rate for the duration of the agreement term. Termination of the agreement by the Company will result in a termination payment due of approximately $4.3 million. In connection with the agreement, the Company maintains a letter of credit for the benefit of the service provider in the amount of $4.3 million which is recorded as restricted cash in the consolidated balance sheets as of December 31, 2022 and 2021.

License Agreements for Intellectual Property

The Company has entered into certain license agreements for intellectual property which is used as part of its development and manufacturing processes. Each of these respective agreements are generally cancellable by the Company. These agreements require payment of annual license fees and may include conditional milestone payments for achievement of specific research, clinical and commercial events, and royalty payments. The timing and likelihood of any significant conditional milestone payments or royalty payments becoming due was not probable as of December 31, 2022.

Purchase Commitments

In the normal course of business, the Company enters into various purchase commitments with third-party contract manufacturers for the manufacture and processing of our product candidates and related raw materials, and the Company has entered into other contracts in the normal course of business with contract research organizations for clinical trials and other vendors for other services and products for operating purposes. These agreements generally provide for termination or cancellation, other than for costs already incurred. As of December 31, 2022, the Company had non-cancellable purchase commitments of $0.3 million.

Contingencies

In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties and provide for general indemnifications. The Company’s exposure under these agreements is unknown, because it involves claims that may be made against the Company in the future, but have not yet been made. The Company accrues a liability for such matters when it is probable that future expenditures will be made and such expenditures can be reasonably estimated.

Indemnification

In accordance with the Company’s amended and restated certificate of incorporation and amended and restated bylaws, the Company has indemnification obligations to its officers and directors for certain events or occurrences, subject to certain limits, while they are serving in such capacity. There have been no claims to date, and the Company has a directors and officers liability insurance policy that may enable it to recover a portion of any amounts paid for future claims.

Equity Method Investment	12 Months Ended
Equity Method Investment	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investment	Equity Method Investments Notch Therapeutics In conjunction with the execution of the Notch Agreement (see Note 6), the Company also entered into a Share Purchase Agreement with the Company acquiring shares of Notch’s Series Seed convertible preferred stock for a total investment cost of $5.1 million which includes transaction costs of $0.1 million, resulting in a 25% ownership interest in Notch. In February 2021, the Company made a $15.9 million investment in Notch's Series A preferred stock. Immediately following this transaction, the Company's share in Notch was 20.7% on a voting interest basis. In October 2021, the Company made an additional $1.8 million investment in Notch's common stock. Immediately following this transaction, the Company's share in Notch was 23.0% on a voting interest basis. The Company’s total equity investment in Notch as of December 31, 2022 and 2021 was $12.8 million and $18.0 million, respectively, and the Company accounted for the investment using the equity method of accounting. During the years ended December 31, 2022, 2021 and 2020, the Company recognized its share of Notch's net loss under the other expenses caption within the consolidated statement of operations. Allogene Overland Biopharm (CY) Limited In conjunction with the execution of the License Agreement with Allogene Overland (see Note 6), the Company also entered into a Share Purchase Agreement and Shareholders' Agreement with the joint venture company acquiring shares of Allogene Overland’s Seed Preferred Shares representing a 49% ownership interest in exchange for entering into a License Agreement which had a carrying value of zero. The Company accounts for its investment in Allogene Overland as an equity method investment at carrying value. The Company's total equity investment in Allogene Overland was zero as of December 31, 2022. The Company’s equity investment in Allogene Overland as of December 31, 2022 and 2021 had a zero carryover basis. Therefore, the Company did not account for its share of losses incurred by Allogene Overland. See Note 6 for further details.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Preferred Stock Pursuant to the Amended and Restated Certificate of Incorporation filed on October 15, 2018, as amended, the Company is authorized to issue a total of 10,000,000 shares of preferred stock, of which no shares were issued and outstanding at December 31, 2022 and 2021. Common Stock Pursuant to the Certificate of Amendment of Amended and Restated Certificate of Incorporation filed on June 17, 2022, the Company is authorized to issue a total of 400,000,000 shares of common stock, of which 144,438,304 and 142,623,065 shares were issued and outstanding at December 31, 2022 and 2021, respectively. Common stockholders are entitled to dividends if and when declared by the Company’s Board of Directors subject to the prior rights of the preferred stockholders. As of December 31, 2022 and 2021, no dividends on common stock had been declared by the Company’s Board of Directors.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Stock-Based Compensation

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

2018 Equity Incentive Plan

In June 2018, the Company adopted its 2018 Equity Incentive Plan (Prior 2018 Plan). The Prior 2018 Plan provided for the Company to sell or issue common stock or restricted common stock, or to grant incentive stock options or nonqualified stock options for the purchase of common stock, to employees, members of the Company’s Board of Directors and consultants of the Company under terms and provisions established by the Company’s Board of Directors. In September 2018, the Board of Directors adopted a new amended and restated 2018 Equity Incentive Plan as a successor to and continuation of the Prior 2018 Plan, which became effective in October 2018 (the 2018 Plan), which authorized additional shares for issuance and provided for an automatic annual increase to the number of shares issuable under the 2018 Plan by an amount equal to 5% of the total number of shares of common stock outstanding on December 31st of the preceding calendar year. The term of any stock option granted under the 2018 Plan cannot exceed 10 years. The Company generally grants stock-based awards with service conditions only. Options granted typically vest over a four-year period but may be granted with different vesting terms. Restricted Stock Units granted typically vest annually over a four-year period but may be granted with different vesting terms. Options shall not have an exercise price less than 100% of the fair market value of the Company’s common stock on the grant date. If the individual possesses more than 10% of the combined voting power of all classes of stock of the Company, the exercise price shall not be less than 110% of the fair market value of a common share of stock on the date of grant. This requirement is applicable to incentive stock options only.

As of December 31, 2022 and 2021, there were 12,932,861 and 15,801,927 shares reserved by the Company under the 2018 Plan for the future issuance of equity awards.

Stock Option Exchange program

On June 21, 2022, the Company commenced an offer to exchange certain eligible options held by eligible employees of the Company for new options (the Exchange Offer). The Exchange Offer expired on July 19, 2022. Pursuant to the Exchange Offer, 199 eligible holders elected to exchange, and the Company accepted for cancellation, eligible options to purchase an aggregate of 3,666,600 shares of the Company’s common stock, representing approximately 93.5% of the total shares of common stock underlying the eligible options. On July 19, 2022, immediately following the expiration of the Exchange Offer, the Company granted new options to purchase 3,666,600 shares of common stock, pursuant to the terms of the Exchange Offer and the 2018 Plan. The exercise price of the new options granted pursuant to the Exchange Offer was $13.31 per share, which was the closing price of the common stock on the Nasdaq Global Select Market on the grant date of the new options. The new options are subject to a new three-year vesting schedule, vesting in equal annual installments over the vesting term. Each new option has a maximum term of seven years.

The exchange of stock options was treated as a modification for accounting purposes. The incremental expense of $5.2 million for the modified options was calculated using a lattice option pricing model. The incremental expense and the unamortized expense remaining on the exchanged options as of the modification date are being recognized over the new three-year service period.

Stock Option Activity

The following summarizes option activity under the 2018 Plan:


	Outstanding Options
	Number of Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contract Term	Aggregate Intrinsic Value
				(in years)	(in thousands)
Balance, December 31, 2021	10,239,167	$	21.10	7.68	$	26,223
Options granted	8,692,928	9.64
Options exercised	(195,076)	2.33			$	1,855
Options forfeited	(1,167,444)	19.88
Cancelled under the Option Exchange	(3,666,600)	$	26.82
Granted under the Option Exchange	3,666,600	$	13.31
Balance, December 31, 2022	17,569,575	$	12.90	7.73	$	6,658
Exercisable, December 31, 2022	13,103,885	$	12.95	7.94	$	6,658
Vested and expected to vest, December 31, 2022	17,569,575	$	12.90	7.73	$	6,658

The aggregate intrinsic values of options exercised, outstanding, exercisable, vested and expected to vest were calculated as the difference between the exercise price of the options and the closing price of the Company’s common stock on the Nasdaq Global Select Market on December 31, 2022. The aggregate intrinsic value of options exercised during the years ended December 31, 2022, 2021 and 2020 was $1.9 million, $21.9 million and $36.3 million, respectively. During the years ended December 31, 2022, 2021 and 2020, the estimated weighted-average grant-date fair value of employee options granted was $9.97 per share, $18.79 per share and $13.79 per share, respectively. As of December 31, 2022 and 2021, there was $83.2 million and $75.5 million, respectively, of unrecognized stock-based compensation related to unvested stock options, which is expected to be recognized over a weighted-average period of 2 years, 256 days and 2 years, 176 days, respectively.

The fair value of employee, consultant and director stock option awards was estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions:


	Year Ended December 31,
	2022	2021
Fair value of common stock	$7.08 - $17.28	$15.37 - $39.02
Expected term in years	5.25 - 6.08	5.27 - 6.25
Expected volatility	70.82% - 73.39%	69.73% - 71.69%
Expected risk-free interest rate	1.61% - 4.12%	0.60% - 1.40%
Expected dividend	0%	0%

The fair value of the new options granted under the Option Exchange program was estimated at the date of grant using a lattice option pricing model with the following assumptions: expected volatility of 73.74%, expected risk-free rate of 3.06%, expected dividends of 0% and expected exercise barrier of 2.57.

The Black-Scholes option-pricing model and the lattice option pricing model require the use of subjective assumptions which determine the fair value of stock-based awards. These assumptions include:

Fair value of common stock—For grants before October 2018 when the Company was private and there was no public market for the Company’s common stock, the fair value of the Company’s common stock underlying share-based awards was estimated on each grant date by the Company’s Board of Directors. In order to determine the fair value of the Company’s common stock underlying option grants, the Company’s Board of Directors considered, among other things, valuations of the Company’s common stock prepared by an unrelated third-party valuation firm in accordance with the guidance provided by the American Institute of Certified Public Accountants Practice Guide, Valuation of Privately-Held-Company Equity Securities Issued as Compensation. For all grants subsequent to the Company’s IPO in October 2018, the fair value of common stock was determined by taking the closing price per share of common stock per Nasdaq.

Expected term— The expected term represents the period that stock-based awards are expected to be outstanding. The expected term for option grants is determined using the simplified method. The simplified method deems the term to be the average of the time-to-vesting and the contractual life of the stock-based awards.

Expected volatility— The Company uses an average historical stock price volatility of comparable public companies within the biotechnology and pharmaceutical industry that were deemed to be representative of future stock price trends as the Company does not have sufficient trading history for its common stock. The Company will continue to apply this process until a sufficient amount of historical information regarding the volatility of its own stock price becomes available.

Risk-free interest rate—The risk-free interest rate is based on the U.S. Treasury zero coupon issues in effect at the time of grant for periods corresponding with the expected term of option.

Expected dividend—The Company has never paid dividends on its common stock and has no plans to pay dividends on its common stock. Therefore, the Company used an expected dividend yield of zero.

Expected exercise barrier - The modified options are assumed to be exercised upon vesting and when the ratio of stock market price to exercise price reaches 2.57, or expiration, whichever is earlier.

For the years ended December 31, 2022, 2021 and 2020, total stock-based compensation expense related to stock options was $42.2 million, $38.2 million and $31.8 million, respectively.

Restricted Stock Unit Activity

The following summarizes restricted stock unit activity under the 2018 Plan:


	Outstanding Restricted Stock Units
	Restricted Stock Units	Weighted- Average Grant Date Fair Value per Share		Weighted Average Remaining Vesting Life	Aggregate Intrinsic Value
				(in years)	(in thousands)
Unvested December 31, 2021	4,261,108	$	26.37	1.72	$	63,576
Granted	3,505,399	9.75		1.55
Vested	(1,242,437)	26.38
Forfeited	(1,030,664)	20.49
Unvested December 31, 2022	5,493,406	$	16.86	1.54	$	34,554
Vested and expected to vest, December 31, 2022	5,493,406	$	16.86	1.54	$	34,554

For the years ended December 31, 2022, 2021 and 2020, total stock-based compensation expense related to restricted stock units and performance based restricted stock units was $34.3 million, $26.6 million and $17.2 million, respectively. For the years ended December 31, 2022, 2021 and 2020, total fair value of vested restricted stock units and performance based restricted stock units as of their grant dates was $32.8 million, $18.5 million and $13.4 million, respectively. As of December 31, 2022 and 2021, there was $70.5 million and $90.7 million, respectively, of unrecognized stock-based compensation which is expected to be recognized over a weighted average period of 2.55 years.

Employee Stock Purchase Plan

In October 2018, the stockholders approved the 2018 Employee Stock Purchase Plan (ESPP), which initially reserved 1,160,000 shares of the Company's common stock for employee purchases under terms and provisions established by the Board of Directors. Effective January 1, 2022 and 2021, the number of shares authorized under the ESPP for employee purchases increased by 1,426,230 and 1,404,743 shares respectively. The ESPP is intended to qualify as an "employee stock purchase plan" under Section 423 of the Internal Revenue Code. Under the current offering adopted pursuant to the ESPP, each offering period is approximately 24 months, which is generally divided into four purchase periods of approximately six months.

Employees are eligible to participate if they are employed by the Company. Under the ESPP, employees may purchase common stock through payroll deductions at a price equal to 85% of the lower of the fair market value of common stock on the

first trading day of each offering period or on the purchase date. The ESPP provides for consecutive, overlapping 24-month offering periods. The offering periods are scheduled to start on the first trading day on or after March 16 or September 16 of each year, except for the first offering period which commenced on October 11, 2018, the first trading day after the effective date of the Company’s registration statement. Contributions under the ESPP are limited to a maximum of 15% of an employee’s eligible compensation.

The fair values of the rights granted under the ESPP were calculated using the following assumptions:


	Year ended December 31,
	2022	2021
Expected term (in years)	0.50 – 2.00	0.50 – 2.00
Volatility	74.20% - 85.63%	59.35% - 80.00%
Risk-free interest rate	0.86%-3.88%	0.05% - 0.23%
Dividend yield	—	—

For the years ended December 31, 2022, 2021 and 2020, total stock-based compensation expense related to ESPP was $3.6 million, $2.3 million and $2.5 million, respectively.

Founders’ Stock

In 2018, the Company’s founders agreed to modify their common shares outstanding to include vesting provisions that require continued service to the Company in order to vest in those shares. Stock-based compensation expense is recognized for shares of founders’ stock as vesting conditions are met. In relation to the modification, 24,230,750 shares of founders’ stock remained unvested at the modification date in April 2018. For the years ended December 31, 2022, 2021 and 2020, $3.4 million, $13.7 million, and $13.7 million of stock-based compensation expense was recognized related to the vesting of 1,514,424, 6,057,695, and 6,057,684 shares, respectively, of founders' stock. At December 31, 2021, there was $3.4 million of unrecognized stock-based compensation expense related to 1,514,424 shares of unvested founders’ stock which was recognized over 3 months. At December 31, 2022, there was no unrecognized stock-based compensation expense. The weighted-average fair value at grant date for founders’ stock was $2.27 per share.

Total stock-based compensation expense related to stock options, restricted stock units, employee stock purchase plans and vesting of the founders’ common stock was as follows:


	Year Ended December 31,
	2022		2021		2020
	(in thousands)
Research and development	$	42,497	$	39,611	$	31,309
General and administrative	41,103		41,207		33,952
Total stock-based compensation expense	$	83,600	$	80,818	$	65,261

Early Exercised Options

The Company allows certain of its employees and its directors to exercise options granted under the Prior 2018 Plan and the 2018 Plan prior to vesting. The shares related to early exercised stock options are subject to the Company’s lapsing repurchase right upon termination of employment or service on the Company’s Board of Directors at the lesser of the original purchase price or fair market value at the time of repurchase. In order to vest, the holders are required to provide continued service to the Company. The proceeds are initially recorded in accrued and other liabilities and other long-term liabilities for the noncurrent portion. The proceeds are reclassified to paid-in capital as the repurchase right lapses. During the years ended December 31, 2022 and 2021, zero and 293,594 options were early exercised, respectively. As of December 31, 2022 and 2021, there was $1.9 million and $2.9 million, respectively, recorded in accrued and other liabilities and $0.6 million and $2.5 million, respectively, recorded in other long-term liabilities related to shares held by employees and directors that were subject to repurchase. The underlying shares are shown as outstanding in the consolidated financial statements since the exercise date but the shares which are subject to future vesting conditions are not included in the calculation of earnings per share.

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsPfizer Inc. PF Equity Holdings 2 B.V. held 22,032,040 shares of Common Stock based on the Schedule 13D/A filed on September 17, 2021 with the SEC. According to the Schedule 13D/A filing, PF Equity Holdings 2 B.V. is a wholly-owned subsidiary of Pfizer formed for the purpose of holding certain assets owned or controlled by Pfizer or its direct or indirect subsidiaries. Based on a Form 4 filed on April 4, 2022 by PF Equity Holdings 2 B.V., Pfizer held the 22,032,040 shares as of March 31, 2022. During the years ended December 31, 2022 and 2020, the Company sold zero in excess raw materials to Pfizer. During the year ended December 31, 2021, the Company sold $0.1 million in excess raw materials to Pfizer. Collaboration Revenue In December 2020, the Company entered into a license agreement with Allogene Overland, a corporate joint venture entity and related party (see Note 6). The license agreement was subsequently assigned to a wholly-owned subsidiary of Allogene Overland, Allogene Overland BioPharm (HK) Limited. On April 1, 2022, Allogene Overland HK assigned the License Agreement to Allogene Overland Biopharm (PRC) Co., Limited. During the years ended December 31, 2022 and 2021, the Company recognized $0.2 million and $38.5 million, respectively, of collaboration revenue under this arrangement. For the year ended December 31, 2022, 2021 and 2020, the Company recorded $0.7 million, $0.2 million, and zero, respectively, of net cost recoveries under the terms of the license agreement as a reduction to research and development expenses. Consulting Agreements In June 2018, the Company entered into a services agreement with Two River Consulting LLC (Two River) a firm affiliated with the Company’s President and Chief Executive Officer, the Company’s Executive Chair of the board of directors, and a director of the Company to provide various managerial, clinical development, administrative, accounting and financial services to the Company. The costs incurred for services provided under this agreement were $0.7 million, $0.6 million and $0.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. In August 2018, the Company entered into a consulting agreement with Bellco Capital LLC (Bellco). Pursuant to the consulting agreement, Bellco provides certain services for the Company, which are performed by Dr. Belldegrun, the Company's executive chair, and include without limitation, providing advice and analysis with respect to the Company’s business, business strategy and potential opportunities in the field of allogeneic CAR T cell therapy and any other aspect of the CAR T cell therapy business as the Company may agree. In consideration for these services, the Company paid Bellco $37,000 per month in arrears commencing January 2020, and $38,583 per month in arrears commencing January 2021, and $40,217 per month in arrears commencing January 2022. The Company may also, at its discretion, pay Bellco an annual performance award in an amount up to 60% of the aggregate compensation payable to Bellco in a calendar year. The Company also reimburses Bellco for out of pocket expenses incurred in performing the services. The costs incurred for services provided, bonus and out-of-pocket expenses incurred under this consulting agreement were $0.8 million, $0.7 million and $0.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022 and 2021, amounts due to Bellco of $0.3 million were recorded in accrued and other current liabilities in the accompanying consolidated balance sheets. Sublease Agreements In December 2018, the Company entered into a sublease with Bellco for 1,293 square feet of office space in Los Angeles, California for a three year term. On April 1, 2020, Bellco Capital Advisors Inc. assumed all rights, title, interests and obligations under the sublease from Bellco Capital LLC. In November 2021, the sublease was extended to June 30, 2025. The sublease was amended, effective in July 2022, to move to a nearby location, with office space of 737 square feet. The Company’s executive chair, Arie Belldegrun, M.D., FACS, is a trustee of the Belldegrun Family Trust, which controls Bellco Capital Advisors Inc. The total right of use asset and associated liability recorded related to this related party lease was $0.2 million and $0.3 million at December 31, 2022 and 2021, respectively. In February 2019, the Company subleased 2,180 square feet of its office space in New York, New York, to ByHeart, Inc., formerly known as Second Science, Inc. (ByHeart). ByHeart is a development-stage infant formula company. Certain of the Company’s board members and executive officers have beneficial ownership in ByHeart and two serve on the board of directors of ByHeart. In September 2019, the Company entered into an amendment to the sublease agreement and increased the subleased space to 2,907 square feet. In October 2020, the sublease agreement between the Company and ByHeart was terminated. Sublease income for the years ended December 31, 2022 and 2021 was zero. Sublease income for the year ended December 31, 2020 was $0.3 million, and was recognized as other income.

401(k) Plan	12 Months Ended
401(k) Plan	Dec. 31, 2022
Retirement Benefits [Abstract]
401(k) Plan	401(k) PlanIn April 2018, the Company began to sponsor a 401(k) retirement savings plan for the benefit of its employees. All employees are eligible to participate, provided they meet the requirements of the plan. The Company made contributions to the plan for eligible participants, and recorded contribution expenses of $2.3 million, $1.8 million and $1.4 million for the years ended December 31, 2022, 2021 and 2020, respectively.

- Definition

The entire disclosure for retirement benefits.

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-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

The Company has incurred net operating losses for all the periods presented. The Company has not reflected any benefit of such net operating loss carryforwards in the accompanying consolidated financial statements.

The Company has established a full valuation allowance against its deferred tax assets due to the uncertainty surrounding the realization of such assets.

Reconciliation of the benefit for income taxes calculated at the statutory rate to our benefit for income taxes is as follows:


	Year Ended December 31,
	2022		2021		2020
	(in thousands)
Tax benefit at federal statutory rate	$	(69,853)	$	(53,971)	$	(52,546)
State taxes, net of federal benefit	(34,485)		806		(18,656)
Stock-based compensation	8,619		4,534		997
Research tax credits	(4,274)		(2,942)		(2,319)
Change in valuation allowance	99,865		52,265		72,538
Other	128		(692)		(14)
Benefit for incomes taxes	$	—	$	—	$	—

Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, and (b) operating losses and tax credit carryforwards.

Significant components of our deferred tax assets and liabilities are as follows:


	Year Ended December 31,
	2022		2021		2020
	(in thousands)
Deferred tax assets:
Net operating loss carryforwards	$	191,120	$	162,996	$	115,199
Tax credit carryforwards	24,517		15,595		8,297
Intangibles	16,966		14,648		20,582
Accrued expenses	4,227		3,213		3,888
Lease liabilities	28,298		16,344		15,050
Stock based compensation	25,731		15,273		12,970
Investments	5,443		1,543		175
Capitalized R&D	43,145		—		—
Other	765		358		12
Total deferred tax assets	340,212		229,970		176,173
Deferred tax liabilities:
Fixed assets	—		(219)		(172)
Right of use leased assets	(23,392)		(12,969)		(11,556)
Other	(244)		(71)		—
Total deferred tax liabilities	(23,636)		(13,259)		(11,728)
Net deferred tax assets	316,576		216,711		164,445
Valuation allowance	(316,576)		(216,711)		(164,445)
Net deferred tax assets	$	—	$	—	$	—

Realization of deferred tax assets is dependent upon future earnings, if any, the timing and amount of which are uncertain. Due to the lack of earnings history, the net deferred tax assets have been fully offset by a valuation allowance. The valuation allowance increased by approximately $99.9 million, $52.3 million and $72.5 million during the years ended December 31, 2022, 2021 and 2020, respectively.

The following table sets forth the Company's federal and state NOL carryforwards and federal research and development tax credits as of December 31, 2022:


	Amount		Expiration
	(in thousands)
Net operating losses, federal	$	679,858	Indefinite
Net operating losses, federal	$	2	2037
Net operating losses, state	$	692,331	2037-2042
Tax credits, federal	$	19,928	2038-2042
Tax credits, state	$	16,499	Indefinite
California Competes Tax credits, state	$	6,000	2026 -2027

Current federal and California tax laws include substantial restrictions on the utilization of NOLs and tax credit carryforwards in the event of an ownership change of a corporation. Accordingly, the Company's ability to utilize NOLs and tax credit carryforwards may be limited as a result of such ownership changes. Such a limitation could result in the expiration of carryforwards before they are utilized.

In December 2019, the FASB issued Accounting Standards Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. This guidance was effective for the Company in the first quarter of 2021 on a prospective basis, and early adoption was permitted. The Company early adopted this standard as of January 1, 2020 on a prospective basis in accordance with ASC 250, Accounting Changes and Error Corrections. The adoption resulted in the Company no longer

needing to determine the tax effect from unrealized gains on available for sale securities, which previously had been disclosed in the consolidated statement of operations as a benefit from income taxes. The impact of the adoption is that the benefit from income taxes in the consolidated statement of operations and comprehensive loss is zero. For the years ended December 31, 2022, 2021 and 2020, the Company recorded a tax benefit of zero.

We apply the provisions of ASC Topic 740 to account for uncertain income tax positions. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	December 31,
	2022		2021		2020
	(in thousands)
Balance at beginning of the year:	$	9,798	$	6,161	$	3,148
Additions based on tax positions related to current year	4,772		3,637		3,013
Additions to tax position of prior year	—		—		—
Reductions to tax position of prior years	—		—		—
Lapse of the applicable statute of limitations	—		—		—
Balance at end of the year	$	14,570	$	9,798	$	6,161

It is the Company’s policy to include penalties and interest expense related to income taxes as a component of interest and other income, net, as necessary. As of December 31, 2022, 2021 and 2020, there were no accrued interest and penalties related to uncertain tax positions. The reversal of the uncertain tax benefits would not affect the effective tax rate to the extent that the Company continues to maintain a full valuation allowance against its deferred tax assets. Unrecognized tax benefits may change during the next 12 months for items that arise in the ordinary course of business. We are subject to examination by U.S. federal or state tax authorities for all years since inception.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Net Loss and Net Loss Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Loss and Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share data):


	Year Ended December 31,
	2022		2021		2020
Numerator:
Net loss	$	(332,632)	$	(257,005)	$	(250,221)
Denominator:
Weighted average common shares outstanding	143,147,165		135,820,386		120,370,177
Net loss per share, basic and diluted	$	(2.32)	$	(1.89)	$	(2.08)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential dilutive securities would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	Year Ended December 31,
	2022	2021	2020
Stock options to purchase common stock	17,569,575	10,239,167	10,434,034
Restricted stock units subject to vesting	5,493,406	4,261,108	2,493,920
Expected shares purchased under Employee Stock Purchase Plan	1,092,314	474,966	312,750
Founder shares subject to future vesting	—	1,514,424	7,572,119
Early exercised stock options subject to future vesting	138,841	720,321	1,737,137
Total	24,294,136	17,209,986	22,549,960

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsNone.

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). In June 2020, the Company formed a wholly-owned, Netherlands-based subsidiary, Allogene Therapeutics, B.V., to help prepare for and assist with the Company's activities in Europe. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated during consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions made in the accompanying consolidated financial statements include but are not limited to the fair value of common stock, the fair value of stock options, the fair value of investments, income tax uncertainties, and certain accruals. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances change. Actual results could differ from those estimates.
Concentration of Credit and other Risks and Uncertainties	Concentration of Credit and other Risks and Uncertainties Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash and cash equivalents and investments. The primary objectives for the Company’s investment portfolio are the preservation of capital and the maintenance of liquidity. The Company does not enter into any investment transaction for trading or speculative purposes. The Company’s investment policy limits investments to certain types of instruments such as certificates of deposit, commercial paper, money market instruments, obligations issued by the U.S. government and U.S. government agencies as well as corporate debt securities, and places restrictions on maturities and concentration by type and issuer. The Company maintains cash balances in excess of amounts insured by the FDIC and concentrated within a limited number of financial institutions. The accounts are monitored by management and management believes that the financial institutions are financially sound, and, accordingly, minimal credit risk exists with respect to these financial institutions. As of December 31, 2022 and 2021, the Company has not experienced any credit losses in such accounts or investments. The Company is subject to a number of risks common for early-stage biopharmaceutical companies including, but not limited to, the ability to achieve any clinical or commercial success of its product candidates, ability to obtain regulatory approval of its product candidates, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and patients, significant competition, dependency on the Company's contract manufacturing organization, and ability to manufacture.
Segments	Segments Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (CODM) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer. The Company has determined it operates in a single operating segment and has one reportable segment.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments purchased with original maturities of three months or less from the purchase date to be cash equivalents. Cash equivalents consist primarily of amounts invested in bank money market accounts and money market mutual funds. The Company has issued letters of credit under separate lease and other agreements which have been collateralized by restricted cash. This cash is classified as long-term restricted cash on the accompanying consolidated balance sheets based on the terms of the underlying agreements.
Investments	Investments Investments are available-for-sale and are carried at estimated fair value. The Company’s valuations of marketable securities are generally derived from independent pricing services based upon quoted prices in active markets for similar securities, with prices adjusted for yield and number of days to maturity, or based on industry models using data inputs, such as interest rates and prices that can be directly observed or corroborated in active markets. Management determines the appropriate classification of its investments in debt securities at the time of purchase and at the end of each reporting period. Investments with original maturities of less than three months at the date of purchase are classified as cash and cash equivalents. Investments with original maturities beyond three months at the date of purchase and which mature at, or less than twelve months from the consolidated balance sheet date are classified as current. Unrealized gains and losses are excluded from earnings and are reported as a component of other comprehensive income. The Company periodically evaluates whether declines in fair values of its available-for-sale securities below their book value are other-than-temporary. This evaluation consists of several qualitative and quantitative factors regarding the severity and duration of the unrealized loss as well as the Company’s ability and intent to hold the available-for-sale security until a forecasted recovery occurs. Additionally, the Company assesses whether it has plans to sell the security or it is more likely than not it will be required to sell any available-for-sale securities before recovery of its amortized cost basis. Realized gains and losses and declines in fair value judged to be other than temporary, if any, on available-for-sale securities are included in interest and other income, net. The cost of investments sold is based on the specific-identification method. Interest income on investments is included in interest and other income, net.
Fair Value Measurement	Fair Value Measurement Assets and liabilities recorded at fair value on a recurring basis in the consolidated balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value is defined as the exchange price that would be received for an asset or an exit price that would be paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The authoritative guidance on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows: Level 1—Observable inputs such as unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3— Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Property and Equipment, Net	Property and Equipment, Net Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed on a straight-line basis over the estimated useful lives of the related assets, generally three to seven years. Maintenance and repairs are charged to operations as incurred. Upon sale or retirement of assets, the cost and related accumulated depreciation are removed from the consolidated balance sheet and the resulting gain or loss is reflected in other expense. The Company adopted Accounting Standards Update ("ASU") No. 2018-15, Intangibles – Goodwill and other – Internal-Use Software (Subtopic 350-40) on January 1, 2020 on a prospective basis. The Company capitalizes implementation costs associated with internal use cloud computing arrangements in alignment with ASC 350-40 internal-use software. Costs incurred in preliminary project stage and post implementation stage are expensed as incurred. Costs incurred during the application development stage of implementation are capitalized in other long term assets on the consolidated balance sheet. Capitalized implementation costs from cloud computing arrangements are amortized over the term of the cloud-based service arrangement.
Leases	Leases The Company early adopted ASU No. 2016-2, Leases on January 1, 2018. For its long-term operating leases, the Company recognizes a right-of-use asset and a lease liability on its consolidated balance sheets. The lease liability is determined as the present value of future lease payments using an estimated rate of interest that the Company would pay to borrow equivalent funds on a collateralized basis at the lease commencement date. The right-of-use asset is based on the liability adjusted for any prepaid or deferred rent. The lease term at the commencement date is determined by considering whether renewal options and termination options are reasonably assured of exercise. Rent expense for the operating lease is recognized on a straight-line basis over the lease term and is included in operating expenses on the consolidated statements of operations and comprehensive loss. Variable lease payments include lease operating expenses. The Company elected to exclude from its consolidated balance sheets recognition of leases having a term of 12 months or less (short-term leases) and elected to not separate lease components and non-lease components for its long-term real-estate leases.
Equity Method Investments	Equity Method Investments The Company uses the equity method of accounting for equity investments in companies if the investment provides the ability to exercise significant influence, but not control, over operating and financial policies of the investee. The Company's proportionate share of the net income or loss of these companies is included in other expenses in the consolidated statement of operations. Judgment regarding the level of influence over each equity method investment includes considering key factors such as our ownership interest, representation on the board of directors, participation in policy-making decisions and material purchase and sale transactions. The Company evaluates equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment might not be recoverable. Factors considered when reviewing an equity method investment for impairment include the length of time (duration) and the extent (severity) to which the fair value of the equity method investment has been less than cost, the investee’s financial condition and near-term prospects and the intent and ability to hold the investment for a period of time sufficient to allow for anticipated recovery. An impairment that is other-than-temporary is recognized in the period identified.
Variable Interest Entities	Variable Interest Entities For entities in which the Company has variable interests, the Company focuses on identifying if one of the entities is the primary beneficiary through having the power to direct the activities that most significantly impact the variable interest entity’s economic performance and having the obligation to absorb losses or the right to receive benefits from the variable interest entity. If the Company is the primary beneficiary of a variable interest entity, the assets, liabilities, and results of operations of the variable interest entity will be included in the Company’s consolidated financial statements. The Company did not consolidate any variable interest entities in any of the periods presented because the Company determined that it was not the primary beneficiary.
Accrued Research and Development Costs	Accrued Research and Development Costs The Company records accrued liabilities for estimated costs of research and development activities conducted by collaboration partners and third-party service providers, which include the conduct of preclinical studies and clinical trials, and contract manufacturing activities. The Company records the estimated costs of research and development activities based upon the estimated amount of services provided but not yet invoiced and includes these costs in accrued and other current liabilities on the consolidated balance sheets and within research and development expenses on the consolidated statements of operations and comprehensive loss. The Company accrues for these costs based on factors such as estimates of the work completed and in accordance with agreements established with its collaboration partners and third-party service providers. The Company makes significant judgments and estimates in determining the accrued liabilities balance at the end of each reporting period. As actual costs become known, the Company adjusts its accrued liabilities. The Company has not experienced any material differences between accrued costs and actual costs incurred since its inception.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. Management makes an assessment of the likelihood that the resulting deferred tax assets will be realized. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. Due to the Company’s historical operating performance and net losses, the net deferred tax assets have been fully offset by a valuation allowance. The Company recognizes uncertain income tax positions at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Changes in recognition or measurement are reflected in the period in which judgment occurs. The Company’s policy is to recognize interest and penalties related to the underpayment of income taxes as a component of the provision for income taxes.
Stock-Based Compensation	Stock-Based Compensation The Company measures its stock-based awards granted to employees, consultants and directors based on the estimated fair values of the awards and recognizes the compensation over the requisite service period. The Company uses the Black-Scholes option-pricing model or the lattice option pricing model to estimate the fair value of its stock-based awards. Stock-based compensation is recognized using the straight-line method. As the stock compensation expense is based on awards ultimately expected to vest, it is reduced by forfeitures. The Company accounts for forfeitures as they occur.
Net Loss Per Share	Net Loss Per Share Basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the period, without consideration for potential dilutive shares of common stock. Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share since the effects of potentially dilutive securities are antidilutive. Shares of common stock subject to repurchase are excluded from the weighted-average shares.
Comprehensive Loss	Comprehensive LossComprehensive loss includes net loss and certain changes in stockholders’ equity that are excluded from net loss. For the years ended December 31, 2022, 2021 and 2020 this was comprised of unrealized gains and losses, net of tax, on the Company’s investments.
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsLong-lived assets are reviewed annually for impairment or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparison of the carrying amount of an asset group to the future net undiscounted cash flows that the assets are expected to generate. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the projected discounted future net cash flows arising from the asset. There were impairment losses related to equipment disposals of less than $0.1 million for each of the years ended December 31, 2022 and 2021, respectively. There were no impairment losses related to equipment disposals for the year ended December 31, 2020.
Revenue Recognition	Revenue Recognition The Company’s revenue has been generated through collaboration research and license agreements. The terms of these agreements may contain multiple deliverables which may include (i) grant of licenses, (ii) transfer of know-how, (iii) research and development activities, (iii) clinical manufacturing and, (iv) product supply. The payment terms of these agreements may include nonrefundable upfront fees, payments for research and development activities, payments based upon the achievement of certain milestones, royalty payments based on product sales derived from the collaboration, and payments for supplying product. The Company analyzes its collaboration arrangements to assess whether they are within the scope of ASC 808, Collaborative Arrangements (ASC 808) to determine whether such arrangements involve joint operating activities performed by parties that are both active participants in the activities and exposed to significant risks and rewards dependent on the commercial success of such activities. This assessment is performed throughout the life of the arrangement based on changes in the responsibilities of all parties in the arrangement. For collaboration arrangements within the scope of ASC 808 that contain multiple elements, the Company first determines which elements of the collaboration are deemed to be within the scope of ASC 808 and those that are more reflective of a vendor-customer relationship and, therefore, within the scope of Topic 606, Revenue from Contracts with Customers (ASC 606). For elements of collaboration arrangements that are accounted for pursuant to ASC 808, an appropriate recognition method is determined and applied consistently, generally by analogy to Topic 606. For elements of those arrangements that the Company determines should be accounted for under ASC 606, the Company assesses which activities in the collaboration agreements are performance obligations that should be accounted for separately and determines the transaction price of the arrangement, which includes the assessment of the probability of achievement of future milestones and other potential consideration. A performance obligation represents a promise in a contract to transfer a distinct good or service to a customer, which represents a unit of accounting in accordance with ASC 606. A performance obligation is considered distinct from other obligations in a contract when it provides a benefit to the customer either on its own or together with other resources that are readily available to the customer and is separately identified in the contract. The Company considers a performance obligation satisfied once the Company has transferred control of a good or service to the customer, meaning the customer has the ability to use and obtain the benefit of the good or service. A portion of the consideration should be allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The total consideration which the Company expects to collect in exchange for the Company’s products is an estimate and may be fixed or variable. The Company constrains the estimated variable consideration when it assesses it is probable that a significant reversal in the amount of cumulative revenue recognized may occur in future periods. The transaction price is re-evaluated, including the estimated variable consideration included in the transaction price and all constrained amounts, in each reporting period and as uncertain events are resolved or other changes in circumstances occur. The allocation of the transaction price is performed based on standalone selling prices, which are based on estimated amounts that the Company would charge for a performance obligation if it were sold separately. Revenue is recognized when, or as, performance obligations in the contracts are satisfied, in the amount reflecting the expected consideration to be received from the goods or services transferred to the customers. Funds received in advance are recorded as deferred revenue and are recognized as the related performance obligation is satisfied.
Research and Development Expenses	Research and Development Expenses Research and development costs are expensed as incurred and consist of salaries and benefits, including associated stock-based compensation, and laboratory supplies and facility costs, as well as fees paid to other entities that conduct certain research and development activities on the Company’s behalf. Research and development expenses also include costs incurred for internal and sponsored collaborative research and development activities. Costs associated with co-development activities performed under the various license and collaboration agreements are included in research and development expenses. Nonrefundable advance payments for goods or services to be received in the future for use in research and development activities are capitalized and then expensed as the related goods are delivered or the services are performed.
Recently Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements There have been no new accounting pronouncements issued or effective that are expected to have a material impact on the Company's consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted The Company continues to monitor new accounting pronouncements issued by the FASB and does not believe any accounting pronouncements issued through the date of this report will have a material impact on the Company's consolidated financial statements.

Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Estimated Life of Assets

The Company has determined the estimated life of assets to be as follows:


Laboratory equipment			5 years
Computer equipment and purchased software			3 - 5 years
Fixtures and furniture			7 years
Leasehold improvements			Shorter of lease term or useful life

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Financial Assets Subject to Fair Value Measurements on Recurring Basis and Level of Inputs Used in Such Measurements by Major Security Type


	December 31, 2022
	Level 1		Level 2		Level 3		Fair Value
	(in thousands)
Financial Assets:
Money market funds ¹	$	10,679	$	—	$	—	$	10,679
Commercial paper	—		4,954		—		4,954
Corporate bonds	—		153,256		—		153,256
U.S. treasury securities	318,022		—		—		318,022
U.S. agency securities	—		39,416		—		39,416
Total financial assets	$	328,701	$	197,626	$	—	$	526,327

¹ Included within cash and cash equivalents on the Company’s consolidated balance sheet


	December 31, 2021
	Level 1		Level 2		Level 3		Fair Value
	(in thousands)
Financial Assets:
Money market funds ¹	$	115,867	$	—	$	—	$	115,867
Commercial paper	—		58,976		—		58,976
Corporate bonds	—		223,474		—		223,474
U.S. treasury securities	303,016		—		—		303,016
U.S. agency securities	—		50,701		—		50,701
Total financial assets	$	418,883	$	333,151	$	—	$	752,034

¹ Included within cash and cash equivalents on the Company’s consolidated balance sheet

Investment (Tables)

12 Months Ended

Dec. 31, 2022

Investments, All Other Investments [Abstract]

Schedule of Available For Sale Debt Investments by Contractual Maturity

The fair value and amortized cost of cash equivalents and available-for-sale securities by major security type as of December 31, 2022 are presented in the following table:


	December 31, 2022
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
	(in thousands)
Money market funds	$	10,679	$	—	$	—	$	10,679
Commercial paper	4,956		—		(2)		4,954
Corporate bonds	156,019		25		(2,788)		153,256
U.S. treasury securities	323,077		5		(5,060)		318,022
U.S. agency securities	41,078		—		(1,662)		39,416
Total cash equivalents and investments	$	535,809	$	30	$	(9,512)	$	526,327

Classified as:
Cash equivalents							$	11,760
Short-term investments							455,416
Long-term investments							59,151
Total cash equivalents, and investments							$	526,327

The fair value and amortized cost of cash equivalents and available-for-sale securities by major security type as of December 31, 2021 are presented in the following table:


	December 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
	(in thousands)
Money market funds	$	115,867	$	—	$	—	$	115,867
Commercial paper	58,981		2		(7)		58,976
Corporate bonds	224,092		29		(647)		223,474
U.S. treasury securities	304,142		2		(1,128)		303,016
U.S. agency securities	51,075		—		(374)		50,701
Total cash equivalents and investments	$	754,157	$	33	$	(2,156)	$	752,034

Classified as:
Cash equivalents							$	115,867
Short-term investments							283,988
Long-term investments							352,179
Total cash equivalents, and investments							$	752,034

The fair values of available-for-sale debt investments by contractual maturity as of December 31, 2022 and 2021 were as follows:


	December 31,
	2022		2021
	(in thousands)
Due in 1 year or less	$	456,497	$	283,988
Due in 1 - 2 years	59,151		314,130
Due in 3 years	—		38,049
Instruments not due at a single maturity date	10,679		115,867
Total cash equivalents and investments	$	526,327	$	752,034

Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property and Equipment, Net

Property and Equipment, Net


	December 31,
	2022		2021
	(in thousands)
Leasehold improvements	$	108,550	$	108,353
Laboratory equipment	32,601		29,666
Computer equipment and purchased software	4,533		4,373
Furniture and fixtures	4,012		3,920
Construction in progress	28		39
Total	149,724		146,351
Less: accumulated depreciation	(36,885)		(23,361)
Total property and equipment, net	$	112,839	$	122,990

Schedule of Accrued Liabilities

Accrued Liabilities

Accrued liabilities consist of the following:


	December 31,
	2022		2021
	(in thousands)
Accrued compensation and related benefits	$	17,935	$	16,126
Accrued research and development expenses	11,790		13,521
Accrued lease liability	6,002		3,200
Unvested shares liability	1,898		2,904
Other	2,118		1,745
Total accrued and other current liabilities	$	39,743	$	37,496

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Lease Liabilities

The balance sheet classification of our lease liabilities were as follows (in thousands):


	December 31, 2022		December 31, 2021
Operating lease liabilities
Current portion included in accrued and other current liabilities	$	6,002	$	3,200
Long-term portion of lease liabilities	95,122		69,929
Total operating lease liabilities	$	101,124	$	73,129

Schedule of Lease Costs

The components of lease costs for operating leases, which were recognized in operating expenses, were as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Operating lease cost	$	11,664	$	7,513	$	7,390
Variable lease cost	2,139		1,629		1,382
Total lease costs	$	13,803	$	9,142	$	8,772

Lessee, Operating Lease, Liability, Maturity

The undiscounted future non-cancellable lease payments under the Company's operating leases as of December 31, 2022 is as follows:


Year ending December 31:	(in thousands)
2023	$	12,049
2024	12,447
2025	12,627
2026	12,819
2027 and thereafter	90,492
Total undiscounted lease payments	140,434
Less: Present value adjustment	(39,310)
Total	$	101,124

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity Under Plan

The following summarizes option activity under the 2018 Plan:


	Outstanding Options
	Number of Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contract Term	Aggregate Intrinsic Value
				(in years)	(in thousands)
Balance, December 31, 2021	10,239,167	$	21.10	7.68	$	26,223
Options granted	8,692,928	9.64
Options exercised	(195,076)	2.33			$	1,855
Options forfeited	(1,167,444)	19.88
Cancelled under the Option Exchange	(3,666,600)	$	26.82
Granted under the Option Exchange	3,666,600	$	13.31
Balance, December 31, 2022	17,569,575	$	12.90	7.73	$	6,658
Exercisable, December 31, 2022	13,103,885	$	12.95	7.94	$	6,658
Vested and expected to vest, December 31, 2022	17,569,575	$	12.90	7.73	$	6,658

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of employee, consultant and director stock option awards was estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions:


	Year Ended December 31,
	2022	2021
Fair value of common stock	$7.08 - $17.28	$15.37 - $39.02
Expected term in years	5.25 - 6.08	5.27 - 6.25
Expected volatility	70.82% - 73.39%	69.73% - 71.69%
Expected risk-free interest rate	1.61% - 4.12%	0.60% - 1.40%
Expected dividend	0%	0%

Schedule of Restricted Stock Units Activity

The following summarizes restricted stock unit activity under the 2018 Plan:


	Outstanding Restricted Stock Units
	Restricted Stock Units	Weighted- Average Grant Date Fair Value per Share		Weighted Average Remaining Vesting Life	Aggregate Intrinsic Value
				(in years)	(in thousands)
Unvested December 31, 2021	4,261,108	$	26.37	1.72	$	63,576
Granted	3,505,399	9.75		1.55
Vested	(1,242,437)	26.38
Forfeited	(1,030,664)	20.49
Unvested December 31, 2022	5,493,406	$	16.86	1.54	$	34,554
Vested and expected to vest, December 31, 2022	5,493,406	$	16.86	1.54	$	34,554

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The fair values of the rights granted under the ESPP were calculated using the following assumptions:


	Year ended December 31,
	2022	2021
Expected term (in years)	0.50 – 2.00	0.50 – 2.00
Volatility	74.20% - 85.63%	59.35% - 80.00%
Risk-free interest rate	0.86%-3.88%	0.05% - 0.23%
Dividend yield	—	—

Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense related to stock options, restricted stock units, employee stock purchase plans and vesting of the founders’ common stock was as follows:


	Year Ended December 31,
	2022		2021		2020
	(in thousands)
Research and development	$	42,497	$	39,611	$	31,309
General and administrative	41,103		41,207		33,952
Total stock-based compensation expense	$	83,600	$	80,818	$	65,261

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax Rate Reconciliation

Reconciliation of the benefit for income taxes calculated at the statutory rate to our benefit for income taxes is as follows:


	Year Ended December 31,
	2022		2021		2020
	(in thousands)
Tax benefit at federal statutory rate	$	(69,853)	$	(53,971)	$	(52,546)
State taxes, net of federal benefit	(34,485)		806		(18,656)
Stock-based compensation	8,619		4,534		997
Research tax credits	(4,274)		(2,942)		(2,319)
Change in valuation allowance	99,865		52,265		72,538
Other	128		(692)		(14)
Benefit for incomes taxes	$	—	$	—	$	—

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:


	Year Ended December 31,
	2022		2021		2020
	(in thousands)
Deferred tax assets:
Net operating loss carryforwards	$	191,120	$	162,996	$	115,199
Tax credit carryforwards	24,517		15,595		8,297
Intangibles	16,966		14,648		20,582
Accrued expenses	4,227		3,213		3,888
Lease liabilities	28,298		16,344		15,050
Stock based compensation	25,731		15,273		12,970
Investments	5,443		1,543		175
Capitalized R&D	43,145		—		—
Other	765		358		12
Total deferred tax assets	340,212		229,970		176,173
Deferred tax liabilities:
Fixed assets	—		(219)		(172)
Right of use leased assets	(23,392)		(12,969)		(11,556)
Other	(244)		(71)		—
Total deferred tax liabilities	(23,636)		(13,259)		(11,728)
Net deferred tax assets	316,576		216,711		164,445
Valuation allowance	(316,576)		(216,711)		(164,445)
Net deferred tax assets	$	—	$	—	$	—

Summary of Operating Loss Carryforwards

The following table sets forth the Company's federal and state NOL carryforwards and federal research and development tax credits as of December 31, 2022:


	Amount		Expiration
	(in thousands)
Net operating losses, federal	$	679,858	Indefinite
Net operating losses, federal	$	2	2037
Net operating losses, state	$	692,331	2037-2042
Tax credits, federal	$	19,928	2038-2042
Tax credits, state	$	16,499	Indefinite
California Competes Tax credits, state	$	6,000	2026 -2027

Schedule of Reconciliation of Unrecognized Tax Benefits

We apply the provisions of ASC Topic 740 to account for uncertain income tax positions. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	December 31,
	2022		2021		2020
	(in thousands)
Balance at beginning of the year:	$	9,798	$	6,161	$	3,148
Additions based on tax positions related to current year	4,772		3,637		3,013
Additions to tax position of prior year	—		—		—
Reductions to tax position of prior years	—		—		—
Lapse of the applicable statute of limitations	—		—		—
Balance at end of the year	$	14,570	$	9,798	$	6,161

Net Loss and Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Basic and Diluted

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share data):


	Year Ended December 31,
	2022		2021		2020
Numerator:
Net loss	$	(332,632)	$	(257,005)	$	(250,221)
Denominator:
Weighted average common shares outstanding	143,147,165		135,820,386		120,370,177
Net loss per share, basic and diluted	$	(2.32)	$	(1.89)	$	(2.08)

Schedule of Anti-dilutive Shares Excluded from Calculation of Diluted Net Loss Per Share

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	Year Ended December 31,
	2022	2021	2020
Stock options to purchase common stock	17,569,575	10,239,167	10,434,034
Restricted stock units subject to vesting	5,493,406	4,261,108	2,493,920
Expected shares purchased under Employee Stock Purchase Plan	1,092,314	474,966	312,750
Founder shares subject to future vesting	—	1,514,424	7,572,119
Early exercised stock options subject to future vesting	138,841	720,321	1,737,137
Total	24,294,136	17,209,986	22,549,960

Description of Business and Summary of Significant Accounting Policies - Additional Information (Details)		1 Months Ended	12 Months Ended			61 Months Ended
	Oct. 01, 2018	Jun. 30, 2020 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($) shares	Dec. 31, 2022 USD ($)	Nov. 30, 2019 USD ($)
Subsidiary, Sale of Stock [Line Items]
Stock issuance, maximum value							$ 250,000,000
Stock issuance, maximum compensation due to third party (as a percentage of stock sales)							3.00%
Stock issued, value		$ 595,700,000
Shares sold in transaction (in shares) \| shares		13,457,447
Common stock price (in dollars per share) \| $ / shares		$ 47.00
Sale of stock, consideration received on transaction		$ 632,500,000
Common stock forward split ratio	0.1905
Cash and cash equivalents and marketable securities			$ 576,500,000			$ 576,500,000
Net loss			$ 332,632,000	$ 257,005,000	$ 250,221,000	1,236,000,000
Reportable segments \| segment			1
Disposal of property, plant, and equipment (less than for years ended December 31, 2022 and 2021)			$ 100,000	$ 100,000	$ 0
Over-Allotment Option
Subsidiary, Sale of Stock [Line Items]
Shares sold in transaction (in shares) \| shares		1,755,319
ATM offering
Subsidiary, Sale of Stock [Line Items]
Issuance of common stock (in shares) \| shares					848,663
Stock issued, value					$ 26,203,000
Stock available for sale, value			$ 167,300,000			$ 167,300,000

Description of Business and Summary of Significant Accounting Policies - Schedule of Estimated Life of Assets (Details)	12 Months Ended
	Dec. 31, 2022
Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	3 years
Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	7 years
Laboratory equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Computer equipment and purchased software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	3 years
Computer equipment and purchased software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Fixtures and furniture
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	7 years

Fair Value Measurements - Additional Information (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	$ 0	$ 0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	526,327,000	752,034,000
Level 3 \| Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 0	$ 0

Investments - Summary of Cash Equivalents, Restricted Cash and Investments, Classified as Available-for-Sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 535,809	$ 754,157
Unrealized Gains	30	33
Unrealized Losses	(9,512)	(2,156)
Fair Value	526,327	752,034
Cash equivalents	11,760	115,867
Short-term investments	455,416	283,988
Long-term investments	59,151	352,179
Total cash equivalents, and investments	526,327	752,034
Money market funds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,679	115,867
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	10,679	115,867
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,956	58,981
Unrealized Gains	0	2
Unrealized Losses	(2)	(7)
Fair Value	4,954	58,976
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	156,019	224,092
Unrealized Gains	25	29
Unrealized Losses	(2,788)	(647)
Fair Value	153,256	223,474
U.S. treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	323,077	304,142
Unrealized Gains	5	2
Unrealized Losses	(5,060)	(1,128)
Fair Value	318,022	303,016
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	41,078	51,075
Unrealized Gains	0	0
Unrealized Losses	(1,662)	(374)
Fair Value	$ 39,416	$ 50,701

Investments - Schedule of Fair Values of Available For Sale Debt Investments by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Due in 1 year or less	$ 456,497	$ 283,988
Due in 1 - 2 years	59,151	314,130
Due in 3 years	0	38,049
Instruments not due at a single maturity date	10,679	115,867
Total cash equivalents and investments	$ 526,327	$ 752,034

Investment - Additional Information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Maximum remaining contractual maturities of available-for-sale securities	3 years	3 years
Net unrealized loss position	$ 329,400,000	$ 0
Accrued interest receivable from available-fore-sale investments	$ 1,800,000	$ 1,900,000
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets

Balance Sheet Components - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	$ 149,724	$ 146,351
Less: accumulated depreciation	(36,885)	(23,361)
Total property and equipment, net	112,839	122,990
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	108,550	108,353
Laboratory equipment
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	32,601	29,666
Computer equipment and purchased software
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	4,533	4,373
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	4,012	3,920
Construction in progress
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	$ 28	$ 39

Balance Sheet Components - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Depreciation and amortization expense	$ 14,300,000	$ 10,500,000	$ 7,400,000
Disposal of property, plant, and equipment	$ 100,000	$ 100,000	$ 0

Balance Sheet Components - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued compensation and related benefits	$ 17,935	$ 16,126
Accrued research and development expenses	11,790	13,521
Accrued lease liability	6,002	3,200
Unvested shares liability	1,898	2,904
Other	2,118	1,745
Total accrued and other current liabilities	$ 39,743	$ 37,496

License and Collaboration Agreements (Details) € in Millions				1 Months Ended		12 Months Ended
	Jan. 05, 2022 USD ($)	Dec. 14, 2020 USD ($)	Oct. 06, 2020 USD ($)	Oct. 31, 2021 USD ($)	Feb. 28, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2022 EUR (€)	Nov. 01, 2019 USD ($)
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Research and development						$ 256,387,000	$ 220,176,000	$ 192,987,000
Equity method investment						12,817,000	18,005,000
Payments for additional investment in interest						0	17,710,000	0
Revenue recognized						243,000	38,489,000	0
Payment for investment in stock						248,109,000	525,583,000	1,037,591,000
University Of Texas M D Anderson Cancer Center
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Collaboration agreement, upfront payment								3,000,000
Collaboration agreement, term (in years)			5 years
Committed funding			$ 15,000,000
Allogene Overland, Allogene Overland BioPharm (HK) Limited
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Net cost recoveries						700,000	0	0
Revenue recognized						200,000	38,500,000	0
Research and development \| University Of Texas M D Anderson Cancer Center
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Collaboration costs						1,400,000	1,000,000	0
Notch Therapeutics, Inc.
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Equity method investment											$ 5,000,000
Ownership percentage											25.00%
Payments for additional investment in interest				$ 1,800,000	$ 15,900,000
Notch Therapeutics, Inc. \| Voting Interest
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Ownership percentage				23.00%	20.70%
Allogene Overland
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Equity method investment						0
Ownership percentage		49.00%
Allogene Overland \| Overland Pharmaceuticals Inc.
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Ownership percentage		51.00%
Joint Venture \| Allogene Overland \| Overland Pharmaceuticals Inc.
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Upfront and quarterly cash payments		$ 117,000,000
Joint venture capital support payments		40,000,000
Joint Venture \| Allogene Overland \| Allogene Overland, Allogene Overland BioPharm (HK) Limited
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target		40,000,000
Collaboration agreement, upfront payment		$ 40,000,000
Antion Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Collaboration agreement, upfront payment	$ 3,500,000
Collaboration costs						5,000,000
Antion Collaboration Agreement \| Current Accrued and Other Liabilities
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Collaboration costs						500,000
Antion Collaboration Agreement \| Other Noncurrent Assets [Member]
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Equity investment, total						$ 3,000,000
Antion Collaboration Agreement \| Preferred Stock
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Payment for investment in stock	3,000,000
Payments for investments upon milestone achievement	3,000,000
Antion Collaboration Agreement, Milestone Achievement One
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payable	35,300,000
Antion Collaboration Agreement, Milestone Achievement Two
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payable	$ 2,000,000
Pfizer
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Royalty obligation period from date of first sale						12 years
Cellectis \| Research Collaboration And License Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Maximum payments required per product against selected target						$ 185,000,000
Servier \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Development costs payable by the Company (in percent)						60.00%
Development cost payable by collaboration partner (in percent)						40.00%
Net cost recoveries						$ 19,900,000	17,100,000	8,500,000
Due from related parties						1,500,000	4,100,000
Notch Therapeutics, Inc. \| Research and development
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Collaboration costs						3,800,000	4,300,000	3,200,000
Notch Therapeutics, Inc. \| Research Collaboration And License Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payable						7,250,000
Notch Therapeutics, Inc. \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Research and development									$ 10,000,000
Collaboration agreement, upfront payment											$ 10,000,000
Asset Contribution Agreement \| Pfizer
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						325,000,000
Milestone payments						0	0	0
Pre-Clinical Development Milestone \| Cellectis \| Research Collaboration And License Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Research and development						0	10,000,000	0
Pre-Clinical Development Milestone \| Servier \| Research Collaboration And License Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Research and development						8,000,000	0	0
Pre-Clinical Development Milestone \| Notch Therapeutics, Inc. \| Research Collaboration And License Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Research and development						0	$ 300,000	$ 0
Regulatory Milestone \| Servier \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payable						42,000,000
Sales Milestone \| Servier \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payable						75,400,000				€ 70.5
Minimum \| Asset Contribution Agreement \| Pfizer
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						30,000,000
Maximum \| Cellectis \| Research Collaboration And License Agreement \| Development And Sales
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						2,800,000,000
Maximum \| Asset Contribution Agreement \| Pfizer
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						60,000,000
Aggregate potential regulatory and development milestones						840,000,000
Maximum \| Pre-Clinical Development Milestone \| Notch Therapeutics, Inc. \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						4,000,000
Maximum \| Regulatory Milestone \| Servier \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						137,500,000
Maximum \| Sales Milestone \| Servier \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						78,000,000
Maximum \| Clinical, Regulatory, and Commercial Milestone \| Notch Therapeutics, Inc. \| License and Collaboration Agreement
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Aggregate potential milestone payments per target						$ 283,000,000

Commitments and Contingencies - Additional Information (Details) $ in Millions	1 Months Ended		12 Months Ended
	Jul. 31, 2022	Feb. 28, 2019 ft² renewal	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) ft²	Dec. 31, 2020 USD ($)	Oct. 31, 2018 USD ($) ft²	Aug. 31, 2018 ft²
Operating Leased Assets [Line Items]
Area of lease (in square feet) \| ft²						14,943	68,000
Operating lease term (in months)						124 months	127 months
Operating lease, extended term (in years)						7 years	7 years
Tenant improvements			$ 5.0
Additional area of lease (in square feet) \| ft²				47,566
Tenant improvement allowance						$ 0.8
Letter of credit			6.0	$ 6.0
Cash paid for amounts included in measurement of lease liabilities			$ 9.5
Weighted average discount rate, percent			6.20%
Weighted average remaining lease term (in years)			9 years 11 months 19 days
Rent expense for short-term leases			$ 0.3	0.3	$ 0.2
Asset retirement obligation			0.6	0.5
Non-cancellable purchase commitments			0.3
Onyx Development Group LLC
Operating Leased Assets [Line Items]
Letter of credit			4.3	$ 4.3
Agreement term	20 years
termination payment, amount			4.3
Newark
Operating Leased Assets [Line Items]
Operating lease term (in months)		188 months
Operating lease, extended term (in years)		10 years
Area of operating lease (in square feet) \| ft²		118,000
Number of options to extend lease \| renewal		2
Tenant improvement allowance utilized to date			$ 3.0
120 Months Lease Term
Operating Leased Assets [Line Items]
Operating lease term (in months)			120 months
Operating lease, extended term (in years)				8 years
124 Months Lease Term
Operating Leased Assets [Line Items]
Operating lease, extended term (in years)						8 years

Commitments and Contingencies - Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Current portion included in accrued and other current liabilities	$ 6,002	$ 3,200
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued and other current liabilities	Accrued and other current liabilities
Long-term portion of lease liabilities	$ 95,122	$ 69,929
Total operating lease liabilities	$ 101,124	$ 73,129

Commitments and Contingencies - Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 11,664	$ 7,513	$ 7,390
Variable lease cost	2,139	1,629	1,382
Total lease costs	$ 13,803	$ 9,142	$ 8,772

Commitments and Contingencies - Summary of Undiscounted Future Non-Cancellable Lease Payments Under Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2023	$ 12,049
2024	12,447
2025	12,627
2026	12,819
2027 and thereafter	90,492
Total undiscounted lease payments	140,434
Less: Present value adjustment	(39,310)
Total	$ 101,124	$ 73,129

Equity Method Investment (Details) - USD ($)		1 Months Ended		12 Months Ended
Equity Method Investment (Details) - USD ($)	Nov. 01, 2019	Oct. 31, 2021	Feb. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 14, 2020
Schedule of Equity Method Investments [Line Items]
Payments for additional investment in interest				$ 0	$ 17,710,000	$ 0
Equity method investment				12,817,000	18,005,000
Notch Therapeutics, Inc.
Schedule of Equity Method Investments [Line Items]
Payments to acquire interest in Notch				5,100,000
Transaction costs	$ 100,000
Ownership percentage	25.00%
Payments for additional investment in interest		$ 1,800,000	$ 15,900,000
Equity method investment	$ 5,000,000
Notch Therapeutics, Inc. \| Voting Interest
Schedule of Equity Method Investments [Line Items]
Ownership percentage		23.00%	20.70%
Allogene
Schedule of Equity Method Investments [Line Items]
Ownership percentage							49.00%
Allogene Overland
Schedule of Equity Method Investments [Line Items]
Ownership percentage							49.00%
Equity method investment				0
Carrying value				$ 0	$ 0		$ 0

Stockholders' Equity (Details) - $ / shares	12 Months Ended
Stockholders' Equity (Details) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	400,000,000	200,000,000
Common stock, shares issued (in shares)	144,438,304	142,623,065
Common stock, shares outstanding (in shares)	144,438,304	142,623,065
Dividends declared on common stock (in dollars per share)	$ 0	$ 0

Stock-Based Compensation - Additional Information (Details)		1 Months Ended	12 Months Ended
	Jul. 19, 2022 USD ($) $ / shares shares	Oct. 31, 2018 number_of_periods shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Jun. 21, 2022 employee shares	Apr. 30, 2018 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares as percentage of common shares outstanding			5.00%
Number of shares reserved for future issuance (in shares) \| shares			12,932,861	15,801,927
Plan modification, incremental cost	$ 5,200,000
Expected dividend			0.00%
Fair value of common stock (in dollars per share) \| $ / shares			$ 2.57
Total stock-based compensation			$ 83,600,000	$ 80,818,000	$ 65,261,000
Accrued and other liabilities, related to shares held by employees and directors that were subject to repurchase			$ 1,900,000	$ 2,900,000
Stock options to purchase common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term (in years)	3 years		4 years
Exchange offer, number of employees \| employee						199
Exchange offer, number of options accepted for cancellation (in shares) \| shares						3,666,600
Exchange offer, percentage of total shares outstanding						0.935
Options granted (in shares) \| shares	3,666,600
Weighted average exercise price (in dollars per share) \| $ / shares	$ 13.31
Expiration period (in years)	7 years
Estimated weighted average grant date fair value of employee options granted (in dollars per share) \| $ / shares			$ 9.97	$ 18.79	$ 13.79
Unrecognized stock based compensation			$ 83,200,000	$ 75,500,000
Period of recognized compensation cost			2 years 256 days	2 years 176 days
Expected volatility (in percent)			73.74%
Expected risk-free rate (in percent)			3.06%
Expected dividend			0.00%
Fair value of common stock (in dollars per share) \| $ / shares			$ 2.57
Total stock-based compensation			$ 42,200,000	$ 38,200,000	$ 31,800,000
Restricted stock units subject to vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term (in years)			4 years
Unrecognized stock based compensation			$ 70,500,000	90,700,000
Period of recognized compensation cost			2 years 6 months 18 days
Total stock-based compensation			$ 34,300,000	26,600,000	17,200,000
Fair value of vested restricted stock units and performance based restricted units			$ 32,800,000	$ 18,500,000	13,400,000
Granted (in shares) \| shares			3,505,399
Granted (in dollars per share) \| $ / shares			$ 9.75
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend			0.00%	0.00%
Total stock-based compensation			$ 3,600,000	$ 2,300,000	2,500,000
Initially reserved common stock for employee purchase (in shares) \| shares		1,160,000	1,426,230	1,404,743
Current offering period		24 months
Number of purchase periods \| number_of_periods		4
Purchase period		6 months
Purchase of common stock through payroll deductions to equal price of lower fair market value (in percent)		85.00%
Eligible compensation contribution by employee (in percent)		15.00%
Founders Stock Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock based compensation			$ 0	$ 3,400,000
Period of recognized compensation cost				3 months
Total stock-based compensation			$ 3,400,000	$ 13,700,000	$ 13,700,000
Number of shares unvested (in shares) \| shares				1,514,424
Number of vested shares (in shares) \| shares			1,514,424	6,057,695	6,057,684
Granted (in dollars per share) \| $ / shares			$ 2.27
Founders Stock Award \| Founders
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares unvested (in shares) \| shares							24,230,750
Early Exercised Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock for exercise of stock options (in shares) \| shares			0	293,594
Other long term liabilities, related to shares held by employees and directors that were subject to repurchase			$ 600,000	$ 2,500,000
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares) \| shares			8,692,928
Weighted average exercise price (in dollars per share) \| $ / shares			$ 12.90	$ 21.10
Aggregate intrinsic value, exercised			$ 1,855,000	$ 21,900,000	$ 36,300,000
Issuance of common stock for exercise of stock options (in shares) \| shares			195,076
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option granted period (in years)			10 years
Option exercise price as percentage of fair value of common stock on grate date			100.00%
Option exercise price as percentage of fair value of common stock on grate date			110.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Combined voting power by individual (in percent)			10.00%

Stock-Based Compensation - Stock Option Activity (Details) - 2018 Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Options
Beginning balance (in shares)	10,239,167
Options granted (in shares)	8,692,928
Options exercised (in shares)	(195,076)
Options forfeited (in shares)	(1,167,444)
Cancelled under the Option Exchange (in shares)	(3,666,600)
Granted under the Option Exchange (in shares)	3,666,600
Ending balance (in shares)	17,569,575	10,239,167
Exercisable (in shares)	13,103,885
Vested and expected to vest (in shares)	17,569,575
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 21.10
Options granted (in dollars per share)	9.64
Options exercised (in dollars per share)	2.33
Options forfeited (in dollars per share)	19.88
Cancelled under the Option Exchange (in dollars per share)	26.82
Granted under the Option Exchange (in dollars per share)	13.31
Ending balance (in dollars per share)	12.90	$ 21.10
Exercisable (in dollars per share)	12.95
Vested and expected to vest (in dollars per share)	$ 12.90
Weighted-average remaining contract term, options vested and expected to vest	7 years 8 months 23 days	7 years 8 months 4 days
Weighted-average remaining contract term, exercisable	7 years 11 months 8 days
Weighted-average remaining contract term	7 years 8 months 23 days
Aggregate intrinsic value, beginning balance	$ 26,223
Aggregate intrinsic value, exercised	1,855	$ 21,900	$ 36,300
Aggregate intrinsic value, ending balance	6,658	$ 26,223
Aggregate intrinsic value, exercisable	6,658
Aggregate intrinsic value, vested and expected to vest	$ 6,658

Stock-Based Compensation - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock (in dollars per share)	$ 2.57
Expected dividend	0.00%
2018 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum (in percent)	70.82%	69.73%
Expected volatility, maximum (in percent)	73.39%	71.69%
Expected risk-free interest rate, minimum (in percent)	1.61%	0.60%
Expected risk-free interest rate, maximum (in percent)	4.12%	1.40%
Expected dividend	0.00%	0.00%
2018 Equity Incentive Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock (in dollars per share)	$ 7.08	$ 15.37
Expected term in years	5 years 3 months	5 years 3 months 7 days
2018 Equity Incentive Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock (in dollars per share)	$ 17.28	$ 39.02
Expected term in years	6 years 29 days	6 years 3 months

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted stock units subject to vesting - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock Units
Unvested, beginning balance (in shares)	4,261,108
Granted (in shares)	3,505,399
Vested (in shares)	(1,242,437)
Forfeited (in shares)	(1,030,664)
Unvested, ending balance (in shares)	5,493,406	4,261,108
Vested and expected to vest (in shares)	5,493,406
Weighted- Average Grant Date Fair Value per Share
Beginning balance (in dollars per share)	$ 26.37
Granted (in dollars per share)	9.75
Vested (in dollars per share)	26.38
Forfeited (in dollars per share)	20.49
Ending balance (in dollars per share)	16.86	$ 26.37
Vested and expected to vest (in dollars per share)	$ 16.86
Restricted stock units, unvested, weighted average remaining vesting life	1 year 6 months 14 days	1 year 8 months 19 days
Restricted stock units, granted, weighted average remaining vesting life	1 year 6 months 18 days
Restricted stock units, vested and expected to vest, weighted average remaining vesting life	1 year 6 months 14 days
Restricted stock units, aggregate intrinsic value, beginning balance	$ 63,576
Restricted stock units, aggregate intrinsic value, ending balance	34,554	$ 63,576
Restricted stock units, aggregate intrinsic value, vested and expected to vest	$ 34,554

Stock-Based Compensation - Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum (in percent)	74.20%	59.35%
Expected volatility, maximum (in percent)	85.63%	80.00%
Expected risk-free interest rate, minimum (in percent)	0.86%	0.05%
Expected risk-free interest rate, maximum (in percent)	3.88%	0.23%
Dividend yield	0.00%	0.00%
Employee Stock Purchase Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term in years	6 months	6 months
Employee Stock Purchase Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term in years	2 years	2 years

Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	$ 83,600	$ 80,818	$ 65,261
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	42,497	39,611	31,309
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	$ 41,103	$ 41,207	$ 33,952

Related Party Transactions (Details)	1 Months Ended					12 Months Ended
Related Party Transactions (Details)	Jul. 31, 2022 ft²	Sep. 30, 2019 ft²	Feb. 28, 2019 ft²	Dec. 31, 2018 ft²	Aug. 31, 2018 USD ($)	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)	Mar. 31, 2022 shares	Sep. 17, 2021 shares	Oct. 31, 2018
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares) \| shares						144,438,304	142,623,065
Revenue recognized						$ 243,000	$ 38,489,000	$ 0
Operating lease term (in months)					127 months						124 months
Operating lease right-of-use asset						83,592,000	58,030,000
Allogene Overland, Allogene Overland BioPharm (HK) Limited
Related Party Transaction [Line Items]
Reduction to research and development expense						700,000	200,000	0
Revenue recognized						200,000	38,500,000	0
Two River Consulting LLC
Related Party Transaction [Line Items]
Related party costs						700,000	600,000	400,000
Pfizer
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares) \| shares									22,032,040	22,032,040
Reduction to research and development expense						0	100,000	0
Bellco
Related Party Transaction [Line Items]
Due to related party						300,000	300,000
Bellco \| Los Angeles California
Related Party Transaction [Line Items]
Area of office space (in square feet) \| ft²				1,293
Operating lease term (in months)				3 years
Operating lease right-of-use asset						200,000	300,000
Bellco \| Consulting agreements
Related Party Transaction [Line Items]
Related party costs						800,000	700,000	900,000
Bellco \| Consulting agreements \| Maximum
Related Party Transaction [Line Items]
Related party transaction compensation percentage					60.00%
Bellco \| Consulting agreements \| Payments Commencing January2020
Related Party Transaction [Line Items]
Related party transaction monthly payment in arrears					$ 37,000
Bellco \| Consulting agreements \| Payments Commencing January 2021
Related Party Transaction [Line Items]
Related party transaction monthly payment in arrears					38,583
Bellco \| Consulting agreements \| Payments Commencing January2022
Related Party Transaction [Line Items]
Related party transaction monthly payment in arrears					$ 40,217
Bellco \| Sublease Agreement
Related Party Transaction [Line Items]
Area of office space (in square feet) \| ft²	737
ByHeart
Related Party Transaction [Line Items]
Sublease income						$ 0	$ 0	$ 300,000
ByHeart \| New York
Related Party Transaction [Line Items]
Area of office space (in square feet) \| ft²		2,907	2,180

401(k) Plan (Details) - USD ($) $ in Millions	12 Months Ended
401(k) Plan (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Contribution expenses	$ 2.3	$ 1.8	$ 1.4

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

+ References + Details

Income Taxes - Schedule of Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Tax benefit at federal statutory rate	$ (69,853)	$ (53,971)	$ (52,546)
State taxes, net of federal benefit	(34,485)	806	(18,656)
Stock-based compensation	8,619	4,534	997
Research tax credits	(4,274)	(2,942)	(2,319)
Change in valuation allowance	99,865	52,265	72,538
Other	128	(692)	(14)
Income Tax Expense (Benefit), Total	$ 0	$ 0	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Net operating loss carryforwards	$ 191,120	$ 162,996	$ 115,199
Tax credit carryforwards	24,517	15,595	8,297
Intangibles	16,966	14,648	20,582
Accrued expenses	4,227	3,213	3,888
Lease liabilities	28,298	16,344	15,050
Stock based compensation	25,731	15,273	12,970
Investments	5,443	1,543	175
Capitalized R&D	43,145	0	0
Other	765	358	12
Total deferred tax assets	340,212	229,970	176,173
Deferred tax liabilities:
Fixed assets	0	(219)	(172)
Right of use leased assets	(23,392)	(12,969)	(11,556)
Other	(244)	(71)	0
Total deferred tax liabilities	(23,636)	(13,259)	(11,728)
Net deferred tax assets	316,576	216,711	164,445
Valuation allowance	(316,576)	(216,711)	(164,445)
Net deferred tax assets	$ 0	$ 0	$ 0

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Increase in valuation allowance	$ 99,900,000	$ 52,300,000	$ 72,500,000
Tax benefit	0	0	0
Accrued interest and penalties	$ 0	$ 0	$ 0

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 11
-Subparagraph (b)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123586238&loc=d3e38679-109324

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SX 210.5-03(21))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-Section 45
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-URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e640-108580

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

Income Taxes - Summary of Operating Loss Carryforwards and Tax Credits (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Federal \| Indefinite
Operating Loss Carryforwards [Line Items]
Net operating losses carryforwards	$ 679,858
Federal \| 2037
Operating Loss Carryforwards [Line Items]
Net operating losses carryforwards	2
Federal \| 2038-2042
Operating Loss Carryforwards [Line Items]
Tax credits	19,928
State \| Indefinite
Operating Loss Carryforwards [Line Items]
Tax credits	16,499
State \| 2037-2042
Operating Loss Carryforwards [Line Items]
Net operating losses carryforwards	692,331
State \| 2026 -2027
Operating Loss Carryforwards [Line Items]
Tax credits	$ 6,000

Income Taxes - Schedule of Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of the year	$ 9,798	$ 6,161	$ 3,148
Additions based on tax positions related to current year	4,772	3,637	3,013
Additions to tax position of prior year	0	0	0
Reductions to tax position of prior years	0	0	0
Lapse of the applicable statute of limitations	0	0	0
Balance at end of the year	$ 14,570	$ 9,798	$ 6,161

Net Loss and Net Loss Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended			61 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
Numerator:
Net loss	$ (332,632)	$ (257,005)	$ (250,221)	$ (1,236,000)
Denominator:
Weighted-average number of shares used in computing net loss per share, diluted (in shares)	143,147,165	135,820,386	120,370,177
Weighted-average number of shares used in computing net loss per share, basic (in shares)	143,147,165	135,820,386	120,370,177
Net loss per share, basic (in dollars per share)	$ (2.32)	$ (1.89)	$ (2.08)
Net loss per share, diluted (in dollars per share)	$ (2.32)	$ (1.89)	$ (2.08)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Net Loss and Net Loss Per Share - Schedule of Anti-dilutive Shares (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of diluted net loss per share (in shares)	24,294,136	17,209,986	22,549,960
Stock options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of diluted net loss per share (in shares)	17,569,575	10,239,167	10,434,034
Restricted stock units subject to vesting
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of diluted net loss per share (in shares)	5,493,406	4,261,108	2,493,920
Expected shares purchased under Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of diluted net loss per share (in shares)	1,092,314	474,966	312,750
Founder shares subject to future vesting
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of diluted net loss per share (in shares)	0	1,514,424	7,572,119
Early exercised stock options subject to future vesting
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from calculation of diluted net loss per share (in shares)	138,841	720,321	1,737,137

Fair Value Measurements - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 526,327,000	$ 752,034,000
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	10,679,000	115,867,000
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	4,954,000	58,976,000
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	153,256,000	223,474,000
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	318,022,000	303,016,000
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	39,416,000	50,701,000
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	328,701,000	418,883,000
Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	10,679,000	115,867,000
Level 1 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 1 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 1 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	318,022,000	303,016,000
Level 1 \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	197,626,000	333,151,000
Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 2 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	4,954,000	58,976,000
Level 2 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	153,256,000	223,474,000
Level 2 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 2 \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	39,416,000	50,701,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 3 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 3 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 3 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 3 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Level 3 \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 0	$ 0