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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities:    
Net loss $ (52,342) $ (46,077)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock-based compensation expense 10,499 12,596
Depreciation and amortization expense 1,071 896
Reduction in carrying amount of right-of-use asset 3,317 3,176
Net accretion of discounts on marketable securities (1,364) (2,930)
Other 48 22
Changes in operating assets and liabilities:    
Accounts receivable 901 10,632
Prepaid expenses and other current and long-term assets 3,974 (5,116)
Accounts payable 889 (533)
Accrued expenses and other current liabilities (6,103) (9,414)
Operating lease liability (2,833) (2,560)
Deferred revenue (3,399) 16,216
Net cash used in operating activities (45,342) (23,092)
Cash flows provided by (used in) investing activities:    
Proceeds from maturities of marketable securities 115,551 110,067
Purchases of marketable securities (47,320) (174,972)
Purchases of property and equipment, net (185) (197)
Net cash provided by (used in) investing activities 68,046 (65,102)
Cash flows provided by (used in) financing activities:    
Proceeds from exercise of stock options 0 654
Payments for repurchase of common stock for tax withholding (155) (109)
Other 109 84
Net cash (used in) provided by financing activities (46) 34,718
Net change in cash, cash equivalents and restricted cash 22,658 (53,476)
Cash, cash equivalents and restricted cash at beginning of period 58,942 130,033
Cash, cash equivalents and restricted cash at end of period 81,600 76,557
Reconciliation of cash, cash equivalents and restricted cash:    
Cash, cash equivalents and restricted cash at end of period 81,600 76,557
Less: restricted cash (3,443) (3,443)
Cash and cash equivalents at end of the period 78,157 73,114
Supplemental disclosures of cash flow information:    
Cash paid for leases 4,666 4,399
Supplemental disclosures of non-cash investing activities:    
Capital expenditures in accounts payable and accrued expenses 294 13
At-The-Market    
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of common stock 0 14,089
Stock Purchase Agreement    
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of common stock $ 0 $ 20,000