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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 55,454 $ 80,336
Marketable securities 188,293 153,721
Prepaid expenses and other current assets 5,854 6,124
Total current assets 249,601 240,181
Property and equipment, net 9,964 12,956
Restricted cash 1,708 1,708
Other assets 68 1,115
Operating lease right-of-use assets 22,641 29,956
Total assets 283,982 285,916
Current liabilities:    
Accounts payable 3,785 6,260
Accrued expenses and other current liabilities 8,531 9,108
Operating lease liabilities 9,067 8,518
Deferred revenue 45,606 34,550
Total current liabilities 66,989 58,436
Operating lease liabilities, net of current portion 28,064 36,555
Deferred revenue, net of current portion 234,457 268,115
Total liabilities 329,510 363,106
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized as of December 31, 2024 and 2023; no shares issued and outstanding as of December 31, 2024 and 2023 0 0
Common stock, $0.0001 par value; 175,000,000 shares authorized at December 31, 2024 and 2023; 55,594,131 shares issued and outstanding at December 31, 2024 and 42,282,040 shares issued and outstanding at December 31, 2023 6 4
Additional paid-in capital 512,515 395,196
Accumulated other comprehensive gain (loss) 135 (826)
Accumulated deficit (558,184) (471,564)
Total stockholders’ deficit (45,528) (77,190)
Total liabilities and stockholders’ deficit $ 283,982 $ 285,916