Consolidated balance sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 101,472	$ 127,983
Marketable securities - current	146,236	88,916
Prepaid expenses	13,694	11,117
Restricted cash - current	75	75
Interest receivable	1,622	700
Other current assets	6,871	3,965
Total current assets	269,970	232,756
Marketable securities - long-term	107,256	29,824
Restricted cash - long-term	721	721
Operating lease right-of-use assets	3,218	4,345
Property and equipment, net	3,343	3,909
Total assets	384,508	271,555
Current liabilities:
Accounts payable	4,313	2,498
Accrued and other current liabilities	25,616	18,567
Deferred revenue - current portion	8,749	18,991
Total current liabilities	38,678	40,056
Deferred revenue - net of current portion	9,632
Other long term liabilities	1,255	2,478
Total long term liabilities	10,887	2,478
Total liabilities	49,565	42,534
Commitments and contingencies (Note 6)
Stockholders’ equity
Common stock, par value of $0.0001 per share; 300,000,000 shares authorized, 54,723,455 and 54,032,826 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	5	5
Additional paid-in capital	736,276	719,997
Accumulated other comprehensive income (loss)	96	(151)
Accumulated deficit	(401,434)	(490,830)
Total stockholders’ equity	334,943	229,021
Total liabilities and stockholders’ equity	$ 384,508	$ 271,555