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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 27,873 $ 31,040
Short-term investments 239,481 217,149
Prepaid expenses and other current assets 5,984 4,882
Total current assets 273,338 253,071
Long-term investments 110,392  
Restricted cash 2,743 2,743
Property and equipment, net 74,658 79,326
Operating lease right-of-use assets 36,014 39,949
Other long-term assets 4,058 3,796
Total assets 501,203 378,885
Current liabilities:    
Accounts payable 638 3,665
Operating lease liabilities, current portion 6,050 6,069
Accrued and other current liabilities 12,229 13,596
Total current liabilities 18,917 23,330
Operating lease liabilities, net of current portion 74,223 82,270
Other long-term liabilities 87  
Total liabilities 93,227 105,600
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 54,350,179 shares authorized; no shares issued and outstanding at December 31, 2024 and 2023
Common stock, $0.0001 par value; 200,000,000 and 100,000,000 shares authorized as of December 31, 2024 and 2023, respectively; 70,645,139 and 49,181,295 shares issued and outstanding at December 31, 2024 and 2023, respectively 7 5
Additional paid-in capital 951,519 708,706
Accumulated other comprehensive income (loss) 674 8
Accumulated deficit (544,224) (435,434)
Total stockholders' equity 407,976 273,285
Total liabilities and stockholders' equity $ 501,203 $ 378,885