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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss $ (138,426) $ (117,255) $ (81,828)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense 1,748 1,515 691
Non-cash operating lease expense 2,838 2,686 571
Stock-based compensation expense 19,094 14,131 10,336
Net amortization of premiums and accretion of discounts on investments   1 144
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (7,738) 2,478 (1,725)
Other assets 4,884 (2,358) (1,915)
Accounts payable 6,088 2,562 2,960
Accrued expenses and other current liabilities (6,881) 1,886 8,914
Operating lease liabilities (1,501) (2,238) (565)
Net cash used in operating activities (119,894) (96,592) (62,417)
Cash flows from investing activities      
Purchase of property and equipment (362) (3,370) (1,030)
Maturities of investments   1,150 28,371
Net cash (used in) provided by investing activities (362) (2,220) 27,341
Cash flows from financing activities      
Proceeds from issuance of common stock, net of offering costs   161,803  
Proceeds from stock options exercised and purchases under the employee stock purchase plan 1,668 1,995 1,239
Net cash provided by financing activities 1,668 163,798 1,239
Net (decrease) increase in cash, cash equivalents, and restricted cash (118,588) 64,986 (33,837)
Cash, cash equivalents, and restricted cash at the beginning of the period 177,236 112,250 146,087
Cash, cash equivalents, and restricted cash at the end of the period 58,648 177,236 112,250
Non-cash financing and investing activities:      
Acquisition of operating lease right-of-use assets   5,971  
Acquisition of property and equipment in accounts payable and accrued liabilities 7   2,537
Remeasurement of operating lease right-of-use assets and lease liability   5,668  
Reconciliation of cash, cash equivalents, and restricted cash:      
Cash and cash equivalents 58,279 176,866 111,899
Restricted cash 369 370 351
Cash, cash equivalents, and restricted cash at the end of the period $ 58,648 $ 177,236 $ 112,250