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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (86,620,000) $ (98,426,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense 11,893,000 16,186,000
Depreciation and amortization expense 3,120,000 3,451,000
Loss on disposal of property and equipment 0 3,000
Impairment of long-lived assets 2,398,000 0
Noncash lease expense 5,682,000 5,210,000
Accretion of discount on marketable securities (4,613,000) (2,651,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,317,000 741,000
Accounts payable (2,475,000) 846,000
Accrued expenses and other liabilities (564,000) (1,797,000)
Operating lease liabilities (7,942,000) (7,514,000)
Deferred revenue (22,602,000) (34,155,000)
Net cash used in operating activities (100,406,000) (118,106,000)
Cash flows from investing activities:    
Purchases of property and equipment (906,000) (1,224,000)
Purchases of marketable securities (261,470,000) (73,901,000)
Proceeds from maturities of marketable securities 232,472,000 219,575,000
Net cash provided by (used in) investing activities (29,904,000) 144,450,000
Cash flows from financing activities:    
Proceeds from offerings of common stock and pre-funded warrants, net of underwriting discounts and commissions 103,401,000 0
Payments of public offering costs (585,000) 0
Proceeds from issuance of common stock upon exercise of stock options 2,612,000 1,778,000
Net cash provided by financing activities 105,428,000 1,778,000
Net increase (decrease) in cash, cash equivalents and restricted cash (24,882,000) 28,122,000
Cash, cash equivalents and restricted cash at beginning of period 82,044,000 53,922,000
Cash, cash equivalents and restricted cash at end of period 57,162,000 82,044,000
Supplemental cash flow information:    
Cash paid for taxes 860,000 3,551,000
Supplemental disclosure of noncash investing and financing information:    
Purchases of property and equipment included in accounts payable and accrued expenses 22,000 35,000
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 55,454,000 80,336,000
Restricted cash (non-current) 1,708,000 1,708,000
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 57,162,000 $ 82,044,000