Condensed Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 49,121	$ 92,646
Marketable securities	507,706	548,206
Prepaid expenses and other assets, current	14,527	10,366
Total current assets	571,354	651,218
Property and equipment, net	1,151	960
Operating lease right-of-use assets	2,471	3,372
Prepaid expenses and other assets, noncurrent	3,552	131
Total assets	578,528	655,681
Current liabilities:
Accounts payable	13,157	7,665
Operating lease liabilities	855	1,483
Accrued expenses and other liabilities, current	19,542	16,223
Total current liabilities	33,554	25,371
Long-term debt	74,464	50,687
Operating lease liabilities, noncurrent	2,233	2,468
Total liabilities	110,251	78,526
Stockholders' equity
Preferred stock, $0.001 par value; 10,000,000 authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding as of June 30, 2025 and December 31, 2024	0	0
Class A common stock, $0.001 par value; 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 63,823,665 and 63,559,858 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	64	64
Additional paid-in capital	1,057,161	1,037,948
Accumulated other comprehensive income	527	393
Accumulated deficit	(589,475)	(461,250)
Total stockholders' equity	468,277	577,155
Total liabilities and stockholders' equity	$ 578,528	$ 655,681