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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 71,367 $ 68,802
Marketable securities 195,317 162,073
Accounts receivable 1,504 80,150
Related party collaboration receivable 676 3,341
Prepaid expenses and other current assets 7,945 5,318
Total current assets 276,809 319,684
Property and equipment, net 14,314 16,494
Restricted cash 2,874 1,593
Marketable securities, non-current 65,704  
Operating lease, right-of-use assets 33,349 13,510
Total assets 393,050 351,281
Current liabilities:    
Accounts payable 3,996 1,604
Accrued expenses 14,171 16,823
Operating lease liabilities 7,227 3,200
Deferred revenue, current 24,394 42,881
Total current liabilities 49,788 64,508
Operating lease liabilities, net of current portion 36,499 17,094
Deferred revenue, non-current 6,003 32,359
Other non-current liabilities 1,000 1,000
Total liabilities 93,290 114,961
Commitments, contingencies, and other liabilities (see note 8)
Stockholders' equity:    
Preferred stock, $0.001 par value: 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023
Common stock, $0.001 par value: 120,000,000 shares authorized; 54,731,316 and 44,038,333 shares issued and outstanding at December 31, 2024 and 2023, respectively 55 44
Additional paid-in capital 626,296 497,506
Accumulated other comprehensive loss (407) (48)
Accumulated deficit (326,184) (261,182)
Total stockholders' equity 299,760 236,320
Total liabilities and stockholders' equity $ 393,050 $ 351,281