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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 58,809 $ 55,499
Marketable securities, current 133,075 189,405
Accounts receivable 6,542 3,102
Prepaid expenses and other current assets 8,438 9,761
Total current assets 206,864 257,767
Marketable securities, non-current 7,875 22,359
Property and equipment, net 5,134 5,842
Right-of-use asset 41,961 57,536
Restricted cash 3,443 3,443
Other assets 211 2,655
Total assets 265,488 349,602
Current liabilities:    
Accounts payable 1,333 1,328
Accrued expenses and other current liabilities 11,270 19,363
Deferred revenue, current 17,126 18,712
Operating lease liability, current 6,216 5,774
Total current liabilities 35,945 45,177
Deferred revenue, net of current 19,888 28,457
Operating lease liability, net of current 55,247 59,982
Total liabilities 111,080 133,616
Commitments and contingencies (see Note 11)
Stockholders’ equity:    
Preferred stock, par value of $0.0001 per share; 10,000,000 shares authorized, and no shares issued or outstanding as of September 30, 2025 and December 31, 2024, respectively 0 0
Common stock, par value of $0.0001 per share; 300,000,000 and 150,000,000 shares authorized as of September 30, 2025, and December 31, 2024, respectively, and 74,174,515 and 70,625,899 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 7 7
Additional paid-in capital 872,521 849,625
Accumulated other comprehensive income 87 53
Accumulated deficit (718,207) (633,699)
Total stockholders’ equity 154,408 215,986
Total liabilities and stockholders’ equity $ 265,488 $ 349,602
Common stock, shares authorized (in shares) 300,000,000 150,000,000