CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (80,556)	$ (60,388)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	1,006	536
Stock-based compensation expense	14,288	11,618
Non-cash operating lease expense	932	778
Net amortization of premiums and accretion of discounts on investments	(3,777)	(3,323)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	237	2,110
Accounts payable	(3,586)	3,609
Accrued expenses and other liabilities	8,021	3,173
Operating lease liabilities	(1,055)	(754)
Other assets	(1,179)
Net cash used in operating activities	(65,669)	(42,641)
Cash flows from investing activities:
Purchases of investments	(202,926)	(56,528)
Proceeds from maturities of investments	153,923	108,533
Purchases of property and equipment	(2,768)	(1,288)
Net cash (used in) provided by investing activities	(51,771)	50,717
Cash flows from financing activities:
Proceeds from issuance of common stock in private placement	69,997
Proceeds from issuance of pre-funded warrants in private placement	60,003
Proceeds from exercise of stock options	90	775
Payments of offering costs	(6,543)	(1,032)
Payments of tax withholdings related to vesting of restricted stock units	(2,520)	(1,297)
Net cash provided by (used in) financing activities	121,027	(1,554)
Net increase in cash, cash equivalents, and restricted cash	3,587	6,522
Cash, cash equivalents and restricted cash at beginning of period	36,429	29,907
Cash, cash equivalents and restricted cash at end of period	40,016	36,429
Supplemental disclosure of non-cash investing and financing activities:
Purchases of property and equipment included in accounts payable	17	635
Right-of-use assets obtained in exchange for operating lease liability	56	437
Deferred offering costs in accounts payable		85
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	39,818	36,015
Restricted cash	198	414
Total cash, cash equivalents, and restricted cash	$ 40,016	$ 36,429