Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of U.S Federal Statutory Income Tax Rate to Company's Effective Income Tax Rate

A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows:

	Year Ended December 31,
	2023			2022
Federal statutory income tax rate		(21.0	)%		(21.0	)%
Research and development tax credits		(4.3	)		(3.1	)
State taxes, net of federal benefit		(7.8	)		(4.3	)
Stock-based compensation		1.4			0.6
Uncertain tax position reserves		0.8			4.6
Other		(0.3	)		0.3
Change in deferred tax asset valuation allowance		31.2			22.9
Effective income tax rate		—	%		—	%

Schedule of Net Deferred Tax Assets

Net deferred tax assets as of December 31, 2023 and 2022 consisted of the following:

	December 31,
	2023			2022
Deferred tax assets:
Net operating loss carryforwards	$	142,506		$	132,560
Research and development tax credit carryforwards		52,843			48,854
Section 174 capitalized research and development expenses		55,572			38,894
Stock-based compensation expense		25,898			20,048
Lease liability		29,855			29,717
Deferred revenue		27,452			29,922
Accrued expenses		3,540			4,044
Section 163(j) limitation		3,741			2,303
Depreciation and amortization		398			396
Other		169			200
Total deferred tax assets	$	341,974		$	306,938
Deferred tax liabilities:
Depreciation and amortization		—			—
Right of use assets		(29,165	)		(29,568	)
Total deferred tax liabilities		(29,165	)		(29,568	)
Valuation allowance	$	(312,809	)	$	(277,370	)
Net deferred tax assets	$	—		$	—

Summary of Changes In Valuation Allowance for Deferred Tax Assets

Changes in the valuation allowance for deferred tax assets during the years ended December 31, 2023 and 2022 related primarily to the increases in NOLs, research and development tax credit carryforwards and capitalized research and development expenses pursuant to IRC Section 174, and stock-based compensation were as follows:

	Year Ended December 31,
	2023			2022
Valuation allowance at beginning of year	$	(277,370	)	$	(220,114	)
Decreases recorded as benefit to income tax provision		—			—
Increases recorded to income tax provision		(35,439	)		(57,256	)
Valuation allowance as of end of year	$	(312,809	)	$	(277,370	)

Schedule of Change In Unrecognized Tax Benefits Roll Forward

The changes in the Company’s unrecognized tax benefits for the years ended December 31, 2023 and 2022 were as follows:

	Year Ended December 31,
		2023		2022
Balance at beginning of year	$	12,528	$	—
Increase in unrecognized tax benefits as a result of tax positions taken during the year		1,001		12,528
Reduction to unrecognized tax benefits		—		—
Balance at end of year	$	13,529	$	12,528