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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 127,598 $ 98,165
Short-term marketable securities 110,250 188,912
Prepaid expenses and other current assets 7,160 9,395
Total current assets 245,008 296,472
Operating lease, right-of-use assets 19,097 20,097
Property and equipment, net 5,850 6,467
Other assets 4,862 4,862
Total assets 274,817 327,898
Current liabilities:    
Accounts payable 16,625 12,013
Accrued expenses and other current liabilities 40,139 42,132
Operating lease liabilities 1,658 1,565
Total current liabilities 58,422 55,710
Long-term debt, net 43,949 0
Operating lease liabilities, net of current portion 15,051 15,902
Other liabilities 2,359  
Total liabilities 119,781 71,612
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, value
Common stock, $0.001 par value; 300,000,000 shares authorized; 113,928,492 and 110,461,729 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 114 110
Additional paid-in capital 1,051,992 1,004,612
Accumulated other comprehensive income 13 447
Accumulated deficit (1,004,998) (859,483)
Total stockholders’ equity 155,036 256,286
Total liabilities and stockholders’ equity 274,817 327,898
Series A Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 53,830 56,515
Series B Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 54,085 $ 54,085