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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 53,772 $ 4,323
Short-term investments in marketable securities 34,386 57,123
Prepaid expenses and other current assets 6,327 5,929
Total current assets 94,485 67,375
Property and equipment, net 33,360 35,858
Operating lease right-of-use assets 11,294 11,890
Other noncurrent assets 4,813 4,817
Total assets 143,952 119,940
Current liabilities:    
Accounts payable 5,064 5,162
Accrued and other current liabilities 6,294 8,035
Operating lease liabilities, current 2,794 2,778
Total current liabilities 14,152 15,975
Operating lease liabilities, noncurrent 10,117 10,830
Other noncurrent liabilities 287 281
Total liabilities 24,556 27,086
Commitments and contingencies (Note 4)
Stockholders' equity:    
Common stock 16 8
Additional paid-in capital 660,665 607,229
Accumulated other comprehensive income (loss) (10) 28
Accumulated deficit (541,275) (514,411)
Total stockholders' equity 119,396 92,854
Total liabilities and stockholders' equity $ 143,952 $ 119,940