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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents and Restricted Cash | The following table reconciles cash and cash equivalents and restricted cash per the balance sheets to the statements of cash flows (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Cash and cash equivalents |  | $ | 105,679 |  |  | $ | 394,583 |
Restricted cash, current |  |  | 208 |  |  |  | 1,903 |
Restricted cash, non-current |  |  | 2,418 |  |  |  | 2,418 |
Total |  | $ | 108,305 |  |  | $ | 398,904 |
Property and Equipment, Net | Estim ated useful lives for property and equipment are as follows:
|  | Estimated Useful Life
Computer equipment |  | 3 years
Furniture and fixtures |  | 7 years
Lab equipment |  | 7 years
Leasehold improvements |  | Lesser of estimated useful life or remaining lease term
Equipment under finance lease |  | Lesser of estimated useful life or remaining lease term
Schedule of Assumptions used in Black-Scholes Option Pricing Model for Stock Options Granted | The assumptions used in the Black-Scholes option pricing model for stock options granted for the years ending December 31, 2024, 2023 and 2022 were as follows:
|  | 2024 |  | 2023 |  | 2022
Expected term |  | 5.5 - 6.27 years |  | 5.5 - 6.25 years |  | 6.0 - 6.3 years
Expected volatility |  | 86% - 87% |  | 75% - 80% |  | 68% - 75%
Risk free interest rate |  | 3.82% - 4.56% |  | 3.92% - 4.06% |  | 1.56% - 3.88%
Expected dividend yield |  | — % |  | — % |  | — %

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- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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