Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 582,693	$ 653,482
Prepaid expenses and other current assets	11,616	7,295
Total current assets	594,309	660,777
Property and equipment, net	17,081	14,636
Operating right-of-use assets	2,828	2,978
Restricted cash	210	210
Other long-term assets	5,364	4,587
Total assets	619,792	683,188
Current liabilities:
Accounts payable	5,534	3,339
Accrued expenses and other current liabilities	21,878	41,651
Total current liabilities	27,412	44,990
Operating lease liabilities, net of current portion	3,694	3,855
Total liabilities	31,106	48,845
Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding at March 31, 2026 and December 31, 2025
Common stock, $0.0001 par value; 300,000,000 shares authorized at March 31, 2026 and December 31, 2025; 113,171,396 and 113,133,199 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	11	11
Additional paid-in capital	1,370,678	1,362,496
Accumulated deficit	(782,003)	(728,164)
Total stockholders' equity	588,686	634,343
Total liabilities and stockholders' equity	$ 619,792	$ 683,188