Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 216,520	$ 152,596
Prepaid expenses and other current assets	6,652	7,382
Total current assets	223,386	160,398
Property and equipment, net	5,546	6,200
Operating right-of-use asset	6,904	7,338
Other non-current assets	6,803	6,831
Total assets	242,639	180,767
Current liabilities:
Accounts payable	8,892	9,245
Accrued expenses	32,774	29,890
Current portion of operating lease liability	1,973	1,595
Total current liabilities	43,639	40,730
Long-term debt, net	98,653	0
Non-current portion of operating lease liability	5,904	6,453
Total liabilities	148,196	47,183
Commitments and contingencies (Note 8)
Stockholders’ equity
Preferred stock, $0.0001 par value; 15,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued or outstanding as of March 31, 2025 and December 31, 2024.	0	0
Common stock, $0.0001 par value; 120,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 14,475,904 shares issued and outstanding as of March 31, 2025 and December 31, 2024.	1	1
Additional paid-in-capital	243,885	239,715
Accumulated deficit	(149,443)	(106,132)
Total stockholders’ equity	94,443	133,584
Total liabilities and stockholders’ equity	242,639	180,767
Nonrelated Party
Current assets:
Accounts receivable	214	397
Related Party
Current assets:
Accounts receivable	$ 0	$ 23