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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 128,543 $ 169,526
Marketable securities 80,206 118,737
Research and development prepaid expenses 12,863 13,424
Other prepaid expenses and current assets 3,918 4,501
Total current assets 225,530 306,188
Restricted cash, non-current 1,162 1,106
Property and equipment, net 20,328 20,968
Operating lease right-of-use assets, net 14,233 12,723
Other long-term assets 45 7
Total assets 261,298 340,992
Current liabilities:    
Accounts payable 7,473 9,624
Research and development accrued expenses 34,699 29,149
Other accrued expenses and current liabilities 15,733 10,580
Operating lease liabilities, current 2,545 1,557
Total current liabilities 60,450 50,910
Deferred revenue, non-current 2,611  
Operating lease liabilities, non-current 29,335 29,165
Share repurchase liability 588 813
Total liabilities 92,984 80,888
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 50,000,000 shares authorized, zero shares issued and outstanding as of March 31, 2025 and December 31, 2024
Additional paid-in capital 925,831 918,610
Accumulated other comprehensive income (loss) (8) 40
Accumulated deficit (757,514) (658,551)
Total stockholders' equity 168,314 260,104
Total liabilities, redeemable convertible preferred stock and stockholders' equity 261,298 340,992
Voting common stock    
Stockholders' equity:    
Common Stock 4 4
Non-voting common stock    
Stockholders' equity:    
Common Stock $ 1 $ 1