Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 315,396	$ 126,060
Marketable securities	323,384	313,895
Prepaid and other current assets	44,164	36,495
Total current assets	682,944	476,450
Property and equipment, net	85	23
Operating lease right-of-use assets	1,409	1,572
Other assets	593	640
Total assets	685,031	478,685
Current liabilities:
Accounts payable	14,790	15,382
Accrued expenses	22,343	20,020
Operating lease liabilities, current	751	727
Total current liabilities	37,884	36,129
Operating lease liabilities, noncurrent	888	1,090
Warrant liability	295	516
Term loan, noncurrent, net	35,940	35,732
Other noncurrent liabilities	4,566	4,429
Total liabilities	79,573	77,896
Commitments and contingencies (Note 5)
Stockholders’ equity:
Common stock, $0.001 par value: 200,000,000 shares authorized; 145,984,182 and 119,849,436 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	146	120
Additional paid-in capital	1,500,713	1,224,617
Accumulated other comprehensive income	385	563
Accumulated deficit	(895,786)	(824,511)
Total stockholders’ equity	605,458	400,789
Total liabilities and stockholders’ equity	$ 685,031	$ 478,685