Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 17,483	$ 17,868
Short-term investments	75,364	89,713
Prepaid expenses and other current assets	1,769	2,030
Total current assets	94,616	109,611
Property and equipment, net	2,940	3,216
Right-of-use asset, net	42,831	43,659
Restricted cash	560	560
Other assets	23	13
Total assets	140,970	157,059
Current liabilities
Accounts payable and accrued liabilities	5,710	6,727
Accrued compensation	589	2,643
Lease liabilities, current portion	3,284	3,167
Total current liabilities	9,583	12,537
Lease liabilities, non-current	45,004	45,868
Total liabilities	54,587	58,405
Commitments and contingencies (Notes 8)
Stockholders' equity:
Preferred stock, $0.0001 par value; 70,000 shares authorized and no shares issued and outstanding as of March 31, 2026 and December 31, 2025	0	0
Common stock, $0.0001 par value; 700,000 shares authorized, 22,407 shares issued and outstanding as of March 31, 2026; 700,000 shares authorized, 22,407 shares issued and outstanding as of December 31, 2025	2	2
Additional paid-in-capital	359,628	358,257
Accumulated other comprehensive income (loss)	(23)	64
Accumulated deficit	(273,224)	(259,669)
Total stockholders' equity	86,383	98,654
Total liabilities and stockholders' equity	$ 140,970	$ 157,059