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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 307,299 $ 118,316
Marketable securities 368,929 277,143
Prepaid expenses and other current assets 5,625 2,950
Total current assets 681,853 398,409
Long-term marketable securities 113,395  
Property and equipment, net 714 377
Right-of-use asset, net 4,227 2,217
Other non-current assets 468 401
Total assets 800,657 401,404
Current liabilities:    
Accounts payable 5,527 2,143
Lease liability 1,682 1,101
Accrued expenses 17,408 17,314
Total current liabilities 24,617 20,558
Long-term liabilities:    
Lease liability, net of current 2,401 933
Total liabilities 27,018 21,491
Commitments and contingencies (Note 9)
Stockholders' equity/members' deficit:    
Common Stock; $0.00001 par value, 400,000,000 authorized, 58,481,214 issued and 56,676,465 outstanding as of June 30, 2024; 400,000,000 authorized, 50,655,671 issued and 48,338,769 outstanding as of December 31, 2023 1  
Additional paid-in capital 963,607 503,354
Accumulated other comprehensive (loss) income (289) 329
Accumulated deficit (189,680) (123,770)
Total stockholders' equity 773,639 379,913
Total liabilities and stockholders' equity $ 800,657 $ 401,404