Condensed Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 430,605	$ 19,205
Short-term investments	594,568	324,823
Prepaid expenses and other current assets	8,493	5,213
Total current assets	1,033,666	349,241
Restricted cash	816	816
Property and equipment, net	4,864	7,003
Operating lease right-of-use assets	19,286	20,838
Other long-term assets	2,884	2,509
Total assets	1,061,516	380,407
Current liabilities:
Accounts payable	4,026	2,424
Accrued expenses	11,684	7,387
Current portion of deferred revenue	0	1,705
Current portion of operating lease liabilities	1,749	1,517
Total current liabilities	17,459	13,033
Operating lease liabilities, net of current portion	21,276	23,025
Total liabilities	38,735	36,058
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):
Preferred stock, $0.001 par value; authorized shares - 10,000,000 at December 31, 2024 and 2023, respectively; no shares issued and outstanding at December 31, 2024 and 2023
Common stock, $0.001 par value; authorized shares - 200,000,000 at December 31, 2024 and 2023, respectively; issued shares - 59,064,606 and 46,262,759 at December 31, 2024 and 2023, respectively; outstanding shares - 59,064,606 and 46,252,440 at December 31, 2024 and 2023, respectively	59	46
Additional paid-in capital	1,258,316	512,401
Accumulated other comprehensive income	2,163	665
Accumulated deficit	(237,757)	(168,763)
Total stockholders' equity	1,022,781	344,349
Total liabilities and stockholders' equity	$ 1,061,516	$ 380,407

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).