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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 52,473 $ 139,480
Marketable securities 309,440 294,606
Prepaid expenses and other current assets 5,812 4,387
Total current assets 367,725 438,473
Operating lease right-of-use assets 1,685 1,314
Other assets and long-term deposits 12,592 11,192
Total assets 382,002 450,979
Current liabilities:    
Accounts payable 934 4,460
Operating lease liabilities, current 1,153 1,172
Other current liabilities (Note 6) 31,077 36,126
Total current liabilities 33,164 41,758
Operating lease liabilities, net of current portion 602 257
Long-term borrowing 3,000  
Total liabilities 36,766 42,015
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued and outstanding as of March 31, 2025 and December 31, 2024.
Common stock, $0.0001 par value; 490,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 68,333,065 and 74,312,608 shares issued as of March 31, 2025 and December 31, 2024, respectively; 68,333,065 and 74,312,608 shares outstanding as of March 31, 2025 and December 31, 2024, respectively. 7 7
Additional paid-in capital 854,194 843,920
Accumulated other comprehensive income 314 143
Accumulated deficit (509,279) (435,106)
Total stockholders' equity 345,236 408,964
Total liabilities and stockholders' equity $ 382,002 $ 450,979