Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 119,394	$ 64,696
Marketable securities	306,042	390,025
Prepaid expenses and other current assets	8,272	7,634
Total current assets	433,708	462,355
Property and equipment, net	769	873
Other assets	4,394	197
Operating lease right-of-use assets, net	1,093	1,243
Total assets	439,964	464,668
Current liabilities
Accounts payable	7,387	4,458
Accrued expenses and other current liabilities	13,549	13,345
Current portion of operating lease liabilities	811	800
Total current liabilities	21,747	18,603
Operating lease liabilities	634	842
Income taxes payable	6,499	6,356
Total liabilities	28,880	25,801
Commitments and contingencies (see Note 11)
Stockholders’ equity:
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value; 300,000,000 shares authorized; 85,579,475 and 84,463,059 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	85	84
Additional paid-in capital	809,373	802,770
Accumulated other comprehensive gain	118	233
Accumulated deficit	(398,492)	(364,220)
Total stockholders’ equity	411,084	438,867
Total liabilities and stockholders’ equity	$ 439,964	$ 464,668

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Alternate captions include income taxes payable, noncurrent.