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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 92,076 $ 542,224
Marketable securities 279,915 49,194
Prepaid expenses and other current assets 4,926 25,293
Total current assets 376,917 616,711
Property and equipment, net 2,282 83
Operating lease right-of-use asset 3,777 0
Other non-current assets 191 3,297
Total assets 383,167 620,091
Current liabilities:    
Accounts payable 1,517 5,783
Accrued expenses 21,911 56,277
Operating lease liabilities, current 1,559 0
Other current liabilities 44 0
Total current liabilities 25,031 62,060
Operating lease liabilities, non-current 2,165 0
Early-exercise liability 1 6
Other non-current liability 0 6
Total liabilities 27,197 62,072
Commitments and contingencies (Note 8) 0 0
Stockholders' equity (deficit):    
Preferred stock (undesignated), $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding at December 31, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 109,044,046 shares issued and outstanding at December 31, 2022; 1,000,000,000 shares authorized, 111,251,660 shares issued and 110,782,909 shares outstanding at December 31, 2021 11 11
Treasury stock, at cost; 0 shares and 468,751 shares at December 31, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 889,657 850,125
Accumulated other comprehensive income (loss) (272) (8)
Accumulated deficit (533,426) (292,109)
Total stockholders' equity 355,970 558,019
Total liabilities, convertible preferred stock and stockholders' equity $ 383,167 $ 620,091