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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (96,537) $ (78,939)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 853 901
Loss on disposal of property and equipment 0 6
Stock-based compensation 10,806 11,062
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,305) (2,876)
Accounts payable and accrued expenses 12,533 4,146
Right-of-use assets and lease liabilities, net (443) (373)
Net cash used in operating activities (74,093) (66,073)
Cash flows from investing activities    
Purchases of property and equipment (90) (237)
Proceeds from sale of property and equipment 0 3
Net cash used in investing activities (90) (234)
Cash flows from financing activities    
Proceeds from issuance of common stock under Employee Stock Purchase Plan 187 19
Payments for taxes related to net settlement of equity awards (229) (571)
Net cash used in financing activities (42) (552)
Net decrease in cash and cash equivalents (74,225) (66,859)
Cash and cash equivalents, beginning of period 215,507 244,979
Cash and cash equivalents, end of period 141,282 178,120
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment additions included in accounts payable and accrued expenses 0 1
Tax related to net settlement of equity awards included in accounts payable and accrued expenses $ 11 $ 49