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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 143,876 $ 143,351
Marketable securities 124,160 73,952
Prepaid expenses and other current assets 9,396 4,036
Total current assets 277,432 221,339
Property and equipment, net 11,025 10,113
Operating right-of-use assets 3,269 4,278
Restricted cash 210 100
Other long-term assets 4,354 4,411
Total assets 296,290 240,241
Current liabilities:    
Accounts payable 4,660 14,189
Accrued expenses and other current liabilities 18,218 33,177
Deferred revenue, current 0 6,941
Total current liabilities 22,878 54,307
Operating lease liabilities, net of current portion 4,142 4,769
Total liabilities 27,020 59,076
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.0001 par value; 300,000,000 shares authorized at June 30, 2025 and December 31, 2024; 87,012,835 and 64,460,829 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 9 6
Additional paid-in capital 870,092 696,872
Accumulated other comprehensive (loss) income (24) 57
Accumulated deficit (600,807) (515,770)
Total stockholders' equity 269,270 181,165
Total liabilities and stockholders' equity $ 296,290 $ 240,241