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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 257,613 $ 143,351
Marketable securities 59,710 73,952
Prepaid expenses and other current assets 5,807 4,036
Total current assets 323,130 221,339
Property and equipment, net 10,953 10,113
Operating right-of-use assets 4,163 4,278
Restricted cash 100 100
Other long-term assets 4,347 4,411
Total assets 342,693 240,241
Current liabilities:    
Accounts payable 9,126 14,189
Accrued expenses and other current liabilities 17,656 33,177
Deferred revenue, current 4,015 6,941
Total current liabilities 30,797 54,307
Operating lease liabilities, net of current portion 4,770 4,769
Total liabilities 35,567 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 March 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 300,000,000 shares authorized at March 31, 2025 and December 31, 2024; 86,955,855 and 64,460,829 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 9 6
Additional paid-in capital 864,530 696,872
Accumulated other comprehensive (loss) income (3) 57
Accumulated deficit (557,410) (515,770)
Total stockholders' equity 307,126 181,165
Total liabilities and stockholders' equity $ 342,693 $ 240,241