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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 143,351 $ 98,679
Marketable securities 73,952 39,463
Prepaid expenses and other current assets 4,036 6,561
Total current assets 221,339 144,703
Property and equipment, net 10,113 2,073
Operating right-of-use assets 4,278 1,564
Restricted cash 100 100
Other long-term assets 4,411 100
Total assets 240,241 148,540
Current liabilities:    
Accounts payable 14,189 3,311
Accrued expenses and other current liabilities 33,177 8,025
Deferred revenue, current 6,941 10,493
Total current liabilities 54,307 21,829
Deferred revenue, non-current   5,489
Operating lease liabilities, net of current portion 4,769 1,340
Total liabilities 59,076 28,658
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding at December 31, 2024 and 2023
Common stock, $0.0001 par value; 300,000,000 shares authorized at December 31, 2024 and 2023; 64,460,829 and 43,251,778 shares issued and outstanding at December 31, 2024 and 2023, respectively 6 4
Additional paid-in capital 696,872 342,663
Accumulated other comprehensive income 57 22
Accumulated deficit (515,770) (222,807)
Total stockholders' equity 181,165 119,882
Total liabilities and stockholders' equity $ 240,241 $ 148,540