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Condensed Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses        
Research and development $ 35,816 $ 27,321 $ 73,249 $ 49,797
General and administrative 8,594 6,114 18,569 12,996
Total operating expenses 44,410 33,435 91,818 62,793
Loss from operations (44,410) (33,435) (91,818) (62,793)
Interest income 2,364 4,694 5,189 7,429
Interest expense (14) (39) (38) (83)
Other expenses, net (21) (23) (49) (49)
Total other income, net 2,329 4,632 5,102 7,297
Net loss (42,081) (28,803) (86,716) (55,496)
Other comprehensive loss        
Unrealized loss on available-for-sale marketable securities, net (19) (36) (125) (41)
Total other comprehensive loss (19) (36) (125) (41)
Net loss and other comprehensive loss $ (42,100) $ (28,839) $ (86,841) $ (55,537)
Net loss per share attributable to common stockholders, basic $ (0.97) $ (0.67) $ (2.01) $ (1.66)
Net loss per share attributable to common stockholders, diluted $ (0.97) $ (0.67) $ (2.01) $ (1.66)
Weighted-average shares of common stock outstanding, basic 43,225,365 43,125,709 43,220,498 33,439,886
Weighted-average shares of common stock outstanding, diluted 43,225,365 43,125,709 43,220,498 33,439,886