Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities
Net loss	$ (23,962)	$ (28,140)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense	7,217	7,999
Depreciation and amortization	491	503
Non-cash operating lease expense	955	477
Warrant issuance costs	152	0
Amortization of debt discount and issuance costs	116	116
Net accretion and amortization of investments in marketable securities	(158)	(630)
Changes in operating assets and liabilities:
Accounts receivable	428	0
Prepaid expenses and other current assets	820	1,175
Accounts payable	439	(142)
Accrued expenses and other current liabilities	558	688
Other long term assets	(47)	0
Operating lease liabilities	(954)	(477)
Net cash used in operating activities	(13,945)	(18,431)
Cash flows from investing activities
Proceeds from maturities of marketable securities	26,750	38,550
Purchases of marketable securities	(2,720)	(21,619)
Purchases of property and equipment	(88)	(112)
Net cash provided by investing activities	23,942	16,819
Cash flows from financing activities
Proceeds from exercise of warrants for common stock, net of issuance costs	3,937	0
Issuance of common stock under employee stock purchase plan	46	221
Proceeds from employee stock purchase plan	5	27
Proceeds from the exercise of stock options	0	38
Tax withholdings paid on behalf of employees for net share settlement	(31)	(24)
Repayment of debt	(7,500)	0
Net cash (used in)/provided by financing activities	(3,543)	262
Net increase/(decrease) in cash, cash equivalents and restricted cash equivalents	6,454	(1,350)
Cash, cash equivalents and restricted cash equivalents, beginning of period	4,262	6,364
Cash, cash equivalents and restricted cash equivalents, end of period	10,716	5,014
Supplemental disclosures of non-cash investing and financing activities
Interest income receivable included in prepaid expenses and other current assets	18	51
Right- of- use asset obtained in exchange for new operating lease liabilities	0	4,731
Exchanges of non-corresponding Class A Units of Rani LLC	63	298
Remeasurement of operating lease right-of-use assets	$ 0	$ 589