Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 99,209	$ 109,517
Restricted cash, current portion	730	1,346
Prepaid expenses and other current assets	2,258	3,232
Total current assets	102,197	114,095
Restricted cash, net of current portion	894	894
Property and equipment, net	1,927	2,339
Operating lease right-of-use assets	363	397
Other assets	76	83
Total assets	105,457	117,808
Current liabilities:
Accounts payable	863	182
Accrued expenses and other current liabilities	4,302	5,659
Current portion of deferred revenue	11,075	9,387
Operating lease liabilities, current portion	384	286
Total current liabilities	16,624	15,514
Deferred revenue, net of current portion	5,215	8,113
Operating lease liabilities, net of current portion	1,738	1,688
Derivative tranche liability	50,948	44,760
Other long-term liabilities	30	29
Total liabilities	74,555	70,104
Commitments and contingencies (Note 4)
Stockholders’ equity:
Common stock, $0.0001 par value per share, 175,000,000 shares authorized as of March 31, 2026 and December 31, 2025, 51,925,800 and 51,902,614 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	6	6
Additional paid-in capital	341,383	339,854
Accumulated deficit	(310,487)	(292,156)
Total stockholders’ equity	30,902	47,704
Total liabilities and stockholders’ equity	$ 105,457	$ 117,808