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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (124,651) $ (101,052)
Adjustments to reconcile net loss to net cash used in operations:    
Net amortization of premiums and discounts on investments in marketable securities 1,543 (1,600)
Depreciation and amortization 2,407 2,352
Non-cash lease expense 4,289 5,994
Stock-based compensation expense 10,574 13,534
Gain on ROU asset abandonment (1,638) 0
Loss on sale/ disposal of assets 71 0
Impairment of assets 56,621 0
Changes in assets and liabilities:    
Prepaid expenses and other current assets and other assets 5,676 (3,211)
Accounts payable (2,358) 194
Accrued compensation (2,265) 1,110
Accrued research costs (720) 87
Accrued expenses and other current liabilities and other liabilities 1,806 94
Operating lease liabilities (41,362) (5,482)
Net cash used in operating activities (90,007) (87,980)
Cash flows from investing activities:    
Purchases of property and equipment (10,856) (6,594)
Proceeds from sales of property and equipment 1,904 0
Purchases of investments in marketable securities (28,129) (405,519)
Proceeds from sales and maturities of marketable securities 263,427 170,250
Net cash provided by (used in) investing activities 226,346 (241,863)
Cash flows from financing activities:    
Proceeds from issuance of common stock upon exercise of vested stock options 100 20
Proceeds from employee stock purchase plan 157 656
Repurchase of unvested early exercised shares and founders' shares (67) (79)
Net cash provided by financing activities 190 597
Net increase (decrease) in cash, cash equivalents and restricted cash 136,529 (329,246)
Cash, cash equivalents and restricted cash, at beginning of period 49,446 378,692
Cash, cash equivalents and restricted cash, at end of period 185,975 49,446
Reconciliation of cash, cash equivalents and restricted cash to statement of financial position:    
Cash and cash equivalents 184,259 47,730
Restricted cash 1,716 1,716
Cash, cash equivalents and restricted cash in statement of financial position 185,975 49,446
Supplemental disclosures of non-cash investing and financing information:    
Property and equipment purchases in accounts payable and accrued expenses 0 (36)
Lessor funded lease incentives included in property and equipment 7,193 11,920
Additions to ROU assets from new operating lease liabilities 31,974 0
Vesting of early exercised stock options 63 131
Repurchase of unvested early exercised shares included in accounts payable $ 0 $ (17)