Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 41,472	$ 257,068
Marketable securities	646,962	484,930
Prepaid expenses and other current assets	12,413	11,431
Accounts receivable - other	345	781
Total current assets	701,192	754,210
Property and equipment, net	264	272
Note receivable, net	25,176	0
Operating lease right-of-use assets	1,033	221
Other assets	516	94
Total assets	728,181	754,797
Current liabilities:
Accounts payable	6,731	6,517
Operating lease liabilities, current portion	255	186
Accrued expenses and other current liabilities	15,656	14,665
Total current liabilities	22,642	21,368
Operating lease liabilities, net of current portion	781	52
Total liabilities	23,423	21,420
Commitments and contingencies
Stockholders' equity:
Common stock, $0.0001 par value per share; 700,000,000 and 700,000,000 shares authorized as of March 31, 2025 and December 31, 2024, respectively; 76,221,289 and 76,154,783 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	8	8
Additional paid-in capital	957,183	951,350
Accumulated deficit	(252,433)	(217,981)
Total stockholders' equity	704,758	733,377
Total liabilities and stockholders' equity	$ 728,181	$ 754,797